Hon Hai Holds Talks With Solar Companies in Asia on Ventures, Acquisitions

Hon Hai Precision Industry Co. is in talks with solar companies in Asia and other continents to form ventures or make acquisitions, Edmund Ding, spokesman for the company said today. Ding declined to name which companies it’s in talks with.

Hon Hai today scrapped plans to buy E-Ton Solar Tech Co. stock in a private placement after the companies couldn’t agree on investment terms. Hon Hai is stiil interested in investing in solar cell or module makers, Ding said today.

To contact the reporter on this story: Tim Culpan in Taipei at tculpan1@bloomberg.net

To contact the editor responsible for this story: Janet Ong at jong3@bloomberg.net

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