Foxconn Founder's Initiative to Save the Company with 7 Thousand Shares Purchase from Eight Major State-Owned Banks, Netizens Express Relief for Elder's Support

Reported 12 months ago

On July 2, 2024, Taiwan's stock market experienced a low opening and ended with a 179.2-point drop, closing at 22,879.37 points with a 0.78% decrease. On that day, Foxconn topped the list of net-buying stocks with over 7,000 shares purchased by the eight major state-owned banks, injecting 1.655 billion NTD. Despite facing a sell-off of 44,000 shares from foreign investors post-dividend, Foxconn's stock price plummeted by 6 NTD to 204.5 NTD, a 2.85% fall, pushing it into a difficult situation. Concerns arose online about the need for a 'Foxconn Self-Rescue Association,' but relief was expressed due to the elder's support in acquiring Foxconn shares.

Source: YAHOO

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