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Tag: Investments

  • Joyo Financial to Provide Retail Investors’ Access to IPO

    Joyo Financial to Provide Retail Investors’ Access to IPO

    The tech sector is always a main focal point for investors and consumers’ alike as it lays down the bench mark for what will be common place for most people whether it is in the home, places of business, or recreationally.

    In the bustling IPO market which covers a variety of numerous product sectors by some of the marketplaces more recognizable and also some not so well known companies, whose products are among the best innovative and pioneering ideas to date. These companies offer many different options to potential investors and have the retail, corporate and institutional clients as well as the management at Joyo Financial Ltd., drooling at the prospects.

    Joyo Financial Ltd., a Japanese brokerage company with an office in Hong Kong, has made all the right noises in relation to at least 2 impending IPO’s that they will be involved with this year.

    Charles Leung, Chief Investment Officer at Joyo Financial Ltd, attending the 23rd annual SXSW Interactive festival in Austin, Texas, USA had the following to say, “I love coming to these expos, the companies demonstrating their latest products and achievements are always insightful and never fail to provoke thought on what can and what almost definitely will be a standard in our ever evolving world.” The SXSW festival is an annual set of film, interactive media, and music festivals and conferences that take place in mid-March.

    When asked about Joyo Financials plans in the Tech sector this year he remarked, “I really would like to reveal more on 2 IPO projects in particular we’re involved with this year. I can say this, that one is in the tech sector and will be huge and the other is in the more conventional mining sector and will just as big, full details will be disclosed shortly.”

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  • Foxconn cancels investment plan in Indonesia

    Foxconn cancels investment plan in Indonesia

    Taiwan’s Foxconn Technology Group, the world’s biggest electronic components maker, has cancelled plans to invest in a factory in Indonesia, Kontan daily reported on Tuesday, citing the head of an Indonesian business chamber.

    Foxconn, whose flagship listed unit is Hon Hai Precision Industry Co Ltd, said last year it may invest $1 billion in Southeast Asia’s biggest economy.

    But the Apple Inc supplier had decided not to go ahead because of land issues, Indonesian Chamber of Commerce and Industry Chairman Suryo Bambang Sulisto was quoted as telling the business daily, casting doubt on the company’s broader expansion plan in Indonesia.

    Sulisto did not respond to phone calls requesting comment, while Foxconn was not immediately available to respond.

    Foxconn, which assembles products for global phone makers, is one of the companies likely to be affected by a new law due to take effect in 2017 requiring firms that sell smartphones and tablets in Indonesia to produce 40 percent of their content locally.

    Critics say the rule – part of a push by President Joko Widodo to transform Indonesia from an economy that consumes products into one that produces them – could increase costs and restrict access to technology.

    Foxconn had previously planned to invest in hardware such as phones, tablets and televisions, as well as telecommunication services in Indonesia, its spokesman told Reuters last year.

    The company had hoped to tap the domestic market of about 250 million people and use it as a base to export to the rest of Southeast Asia. But talks with authorities had stalled partly because the government was reluctant to accept Foxconn’s request for free land, sources previously said.

    Last month, Foxconn partnered with China’s Xiaomi to assemble phones in India.