TECH - Key Apple Supplier Foxconn Faces Heightened Regulatory Oversight In China's Major Manufacturing Regions: Report | Benzinga
Chinese tax regulators reportedly penalized the Hon Hai Precision Industry Co Ltd (OTC: HNHPF) Foxconn Technology Group subsidiary with a 20,000 yuan ($2,800) fine for overstating expenses. Meanwhile, Beijing is exploring the Apple Inc (NASDAQ: AAPL) iPhone maker's operations.
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The Foxconn Industrial Internet Co unit in the central Chinese city of Wuhan faced the penalty ...