LAT 22.2% 7.0¢ latitude 66 limited

lat and mig 33 merger, page-17

  1. 3,010 Posts.
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    "...The introduction of FIH as a shareholder is a significant coup for mig33 and will provide significant impetus to the business moving forward."

    That, I would think, a bit of an understatement!

    Most Aussi investors probably won't have a clue as to the significance of what's going on here ...but a good start might be Googling Hon Hai Precision Industry Co Ltd (Foxconn Tech).

    To have Foxconn taking a near 20% stake, plus a significant Board presence (2 Directors), suggests a deep melding of LAT/mig33 into the Foxconn group.

    Just getting one's Apps into billions of newly-minted handsets can't be a bad thing, but a structural integration with one of the world's major multinational electronics manufacturing companies, with all the grunt that brings, cannot be trivialised.



 
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