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Asia300

Foxconn unit sets sight on North America after Hong Kong IPO

Connector maker targets growth in automotive, industrial and medical sectors

FIT Hon Teng CEO Lu Sung-Ching, left, and executive director Lu Pochin at a press briefing on June 28. (Photo by Joyce Ho)

HONG KONG -- FIT Hon Teng, an electronic connector and cable maker controlled by Taiwan-based Hon Hai Precision Industry, said on Wednesday that it hoped to raise $2.7 billion Hong Kong dollars ($350 million) from an initial public offering in Hong Kong.

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