BEIJING (Reuters) – Taiwan’s Foxconn plans to invest 1 billion yuan ($137.5 million)to construct a new business headquarters in Zhengzhou, China, according to a statement on Wednesday.
Foxconn Technology Group, a subsidiary of Hon Hai Technology Group, signed a contract with the Henan provincial government for the proposed project, which will have a construction area of about 700 acres, the statement said.
($1 = 7.2748 Chinese yuan)
(Reporting by Bernard Orr and Shanghai newsroom; Editing by Jacqueline Wong)
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