TAIPEI (dpa-AFX) - Hon Hai Precision Industry Co., Ltd. and Siliconware Precision Industries Co., Ltd. (SPIL) signed a Letter of Intent, whereby the companies will form a strategic alliance through the exchange of shares. After the exchange of shares, Hon Hai will hold 840.6 million SPIL shares, accounting for 21.24% shares of SPIL, post capital increase; and SPIL will hold 359,230,769 Hon Hai shares, accounting for 2.20% shares of Hon Hai, post capital increase.
Hon Hai is a world leader in precision tooling, components, equipment process design, manufacturing, assembly, sales and other vertical integration technologies. The companies said the alliance will provide customers with the best integrated service program through future collaboration on technology and business.
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