Foxconn denies taking up shares of financially troubled Abit

“ Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) denied yesterday that it has invested in the financially troubled Abit Computer by scooping up its shares in Taiwan?s stock market.

Share prices of Abit opened limit-down but ended limit-up at NT$2.25 on the TAIEX (Taiwan Stock Exchange), Wednesday, after dropping for 20 consecutive sessions on concerns of alleged fraud in its transaction records.”