Apple iPhone-assembler Hon Hai’s share trading halted ahead of disclosures

The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse
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.:
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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.

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