Hon Hai shares soar on China approval of unit's IPO

Shares of Taiwan-based manufacturing giant Hon Hai Precision Industry Co. surged Friday after its Internet-focused subsidiary secured approval from Chinese authorities a day earlier to launch an initial public offering in Shanghai, dealers said.

(Full text of the story is now in CNA English news archive. To view the full story, you will need to be a subscribed member of the CNA archive. To subscribe, please read here.)