Hon Hai invested 20 million US dollars to participate in the private equity increase in its shareholding ratio of 0.76% | Anue Juheng-Taiwan Stock News

Hon Hai (2317-TW) Today (16) announced that it has decided to participate in the private equity increase in the listing of Gogoro SPAC. The total subscription amount for this investment is 20 millionDollar, The shareholding ratio reaches 0.76%. In addition to optimistic about the future development prospects of Gogoro, it can also strengthen the Group’s layout in the electric vehicle and new energy industries.

Hon Hai said that considering Gogoro ePTW (Electronic Powered Two Wheelers) electric vehicle technology as an industry leader, its business model is innovative and highly replicable, and its overseas development strategy and hardware manufacturing development direction are in line with Hon Hai Group’s 3+3 strategy.

On the other hand, Hon Hai is also optimistic about the future development of Gogoro’s energy network in the Chinese and Indian markets, and it is expected to have higher room for growth; Hon Hai said that through this investment, it will strengthen the group’s deployment in the EV and new energy industries.

Gogoro announced that it will go to the U.S. to go public through a “special purpose acquisition company (SPAC)”. The partner is Poema Global Holdings. The two parties have formally signed a contract recently. It is expected that the merger process will be completed in the first quarter of 2022. Gogoro will be listed on Nasdaq. Listed under the code name GGR.

In addition to its strategic partner Hon Hai Group, investors in Gogoro’s private equity increase include GoToGroup, the largest technology group in Indonesia, Generation Investment Management, Taiwan National Development Fund, Temasek, Singapore, and Yin Yanliang of the founding investor Runtai Group.

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