Tax authorities are conducting checks on Foxconn subsidiaries in Guangdong and Jiangsu provinces, the staterun Global Times said Sunday, citing unidentified people with knowledge of the matter. The report also said natural resources officials are looking into the company's use of land in Henan and Hubei provinces.
No further details of the investigations and tax checks were provided in Global Times' report. Hon Hai didn't give specifics either in a filing with Taiwan's stock exchange. Foxconn's Zhengzhou plant, known as iPhone City, is located in Henan.
This story is from the October 23, 2023 edition of Financial Express Mumbai.
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This story is from the October 23, 2023 edition of Financial Express Mumbai.
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