Taiwan's Hon Hai Precision offers up to NT$12 billion 2010 debentures

By Marisa Wong

Madison, Wis., Dec. 3 - Hon Hai Precision Industry Co., Ltd. said its board of directors authorized the issue of up to NT$12 billion of debentures for 2010.

The debentures will be issued at par.

Proceeds will be used for working capital and to pay down short-term debt.

Hon Hai Precision is a Tu-cheng, Taiwan, manufacturer of computer connectors, cable assemblies and enclosures.

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