Replies to post #79654 on Solaris Power Cells Inc (fka SPCL)

[aussieinvader]

Thank for that kingpin. Very interesting.

Its news to me and rather telling that Foxconn have written off their entire investment in MIG.

But there is something not quite right when they say Foxconn ceased in December 2016 to be entitled two directorships of MIG.

Its true that Po-Hsiang Wang, a Foxconn appointee, resigned from the Board on December 7 2016. But Foxconn have had two other board members since then to the present day. They are Charles Pan and Yinchin Lee. So, contrary to the FIH annual report, they did not lose significant control of migme in December as claimed.