Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Taiwan
  4. Taiwan Stock Exchange
  5. Foxconn Technology Co., Ltd.
  6. News
  7. Summary
    2354   TW0002354008

FOXCONN TECHNOLOGY CO., LTD.

(2354)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

REFILE-Foxconn founder asks Taiwan to allow vaccine talks with Chinese firm

06/17/2021 | 10:10pm EDT

TAIPEI, June 18 (Reuters) - Terry Gou, the billionaire founder of Taiwan's Foxconn, asked for government permission on Friday to negotiate with a Chinese company for the purchase of BioNTech SE COVID-19 vaccines to help address the island's shortage of shots.

The Taiwanese government's own deal with BioNTech fell through earlier this year - a problem Taiwan has blamed on pressure from Beijing.

China has denied the accusation, saying Taiwan is free to obtain the vaccines via Shanghai Fosun Pharmaceutical Group Co Ltd, which has a contract with BioNTech to sell the vaccines in Greater China, including Taiwan.

Taiwan's government says it has and will only deal with BioNTech in Germany and that it does not trust vaccines from China, but that it is also happy to facilitate Gou's proposed purchase provided he can prove BioNTech has vaccines it is willing to sell to Taiwan.

In an open letter addressed to Taiwan President Tsai Ing-wen, Gou laid out his proposals to the government.

"Agree to our donation contract and enter into discussions on substantive details, and also agree to our proposed contract structure diagram for the procurement from Germany's BioNTech (Shanghai Fosun Pharmaceutical as the agent), manufactured in and shipped from Germany," he said.

Gou, who wants to donate the vaccine to Taiwan's government through his charity, said he wanted to meet Tsai to discuss the proposal and that he had "absolutely no political or commercial intentions in this matter".

The presidential office said Tsai was always happy to talk with Gou.

"We hope that the government and the private sector will work together to obtain more vaccine supplies for Taiwan," said spokesman Xavier Chang.

But a senior government official told Reuters it was still waiting for Gou to get a "delivery assurance from the original manufacturer" to confirm that it had vaccines and could supply them. Gou has yet to provide this, the official said.

Gou said by making the purchase and donation known internationally, the government does not need to worry about the issue of "fake" vaccines.

Only around 5% of Taiwan's 23.5 million people have received at least one shot, but the government has millions of doses on order which have been held up by global shortages and it has come under pressure to get more as domestic cases spike.

Health Minister Chen Shih-chung said on Wednesday he believed Gou was working hard to get the vaccines, but that most major vaccine firms are only dealing with countries.

Neither BioNTech nor Fosun immediately responded to a request for comment. (Reporting by Ben Blanchard and Yimou Lee; Editing by Raju Gopalakrishnan)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FOXCONN TECHNOLOGY CO., LTD. -1.75% 61.6 End-of-day quote.15.36%
HON HAI PRECISION INDUSTRY CO., LTD. -0.90% 110 End-of-day quote.19.57%
SHANGHAI FOSUN PHARMACEUTICAL (GROUP) CO., LTD. 9.54% 81.88 End-of-day quote.51.66%
All news about FOXCONN TECHNOLOGY CO., LTD.
07/30HON HAI PRECISION INDUSTRY : Foxconn Prices $700 Million Convertible Bond Issue
MT
07/26HON HAI PRECISION INDUSTRY : Foxconn Unit Buys More Hongfucheng Technology Share..
MT
07/23Foxconn Technology Co., Ltd. Announces the Resignation of the Company's Insti..
CI
07/23Foxconn Technology Co., Ltd. Approves Distribution for 2020
CI
07/22GEELY AUTOMOBILE : Nasdaq-LIsted Luokung to Provide Driverless Testing Services ..
MT
07/22HON HAI PRECISION INDUSTRY : Foxconn in Talks to Form Electric Vehicle Drive Sys..
MT
07/22FOXCONN TECHNOLOGY CO., LTD. : Ex-dividend day for final dividend
FA
07/21MARKET CHATTER : Alibaba, Tencent, Others Pledge Nearly $300 Million in Aid to C..
MT
07/21HON HAI PRECISION INDUSTRY : Foxconn in Talks to Set Up Electric Vehicle JV with..
MT
07/21Nidec, Foxconn Mull Joint Venture to Sell EV Traction Motors
DJ
More news
Financials
Sales 2021 116 B 4 147 M 4 147 M
Net income 2021 7 340 M 263 M 263 M
Net cash 2021 59 535 M 2 132 M 2 132 M
P/E ratio 2021 11,4x
Yield 2021 3,88%
Capitalization 87 132 M 3 118 M 3 120 M
EV / Sales 2021 0,24x
EV / Sales 2022 0,21x
Nbr of Employees -
Free-Float 66,1%
Chart FOXCONN TECHNOLOGY CO., LTD.
Duration : Period :
Foxconn Technology Co., Ltd. Technical Analysis Chart | 2354 | TW0002354008 | MarketScreener
Technical analysis trends FOXCONN TECHNOLOGY CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Last Close Price 61,60 TWD
Average target price 68,50 TWD
Spread / Average Target 11,2%
EPS Revisions
Managers and Directors
Han Ming Li General Manager & Director
Tzu Hung Li Head-Finance
Chih Chien Hung Chairman
Sung Shu Lin Independent Director
Yao Ching Chen Independent Director
Sector and Competitors