For Apple Supplier, Six-Day Stock Freeze Comes at the Wrong Time
- Hon Hai share suspension overlaps with iPhone Xr pre-orders
- Taiwan’s second-biggest listed company has had a tough year
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If Apple Inc.’s latest iPhone release has market-moving potential, too bad for investors in one of its major suppliers.
Hon Hai Precision Industry Co. will halt its shares for six days to complete a reverse stock split from Thursday, the day before pre-orders open for the iPhone Xr. Taiwan’s second-biggest listed company fell 2.7 percent in the week after Apple started taking orders for two other models last month.