Hon Hai Precision Industry Co.’s shares were halted from trading in anticipation of market-sensitive information, a rare step indicating a significant announcement expected on Wednesday.
The world’s largest assembler of Apple Inc.’s iPhones will apply for a resumption of trading after that disclosure, Taiwan’s stock exchange said in a statement.
A Hon Hai representative did not have immediate comment to provide. Trading suspensions typically take place ahead of the announcement of potentially market-moving decisions, such as an acquisition.
MacDailyNews Take: Things than make you go, “hmm…”
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Even AAPL goes nowhere fast but its peers flying high and away!.
Whatever it is, the rumor mill is dead quiet. It sure would be interesting if this was no longer a Taiwan owned company. Would china have to approve a sale? Or are they partnering with a major car company? Or are they getting into the foundry business with Intel? Or something to do with Nvidia? I sure hope it’s good news for Apple.