TAIWAN'S Hon Hai Group plans to build a manufacturing plant in Xiamen, Fujian Province, to make modules used in liquid-crystal-display televisions, computer monitors and mobile phones, Wen Wei Po reported.

The plant will cover 800,000 square meters and employ about 40,000 workers, the Hong Kong-based Chinese-language newspaper said, without saying where it got the information.

Total investment in the site is estimated to be several "tens of billion yuan," the Chinese-language paper said.

Hon Hai Group's subsidiaries include Hon Hai Precision Industry Co, the world's largest electronics manufacturer, Innolux Display Corp, the world's second-biggest assembler of LCD monitors, and Foxconn International Holdings Ltd, the world's largest contract mobile phone maker.

Pou Sheng International (Holdings) LtdShoe maker sells 23.2% stake

Pou Sheng International (Holdings) Ltd, the retail unit of sports shoes maker Yue Yuen Industrial Holdings Ltd, raised HK$2.5 billion (US$322 million) from a Hong Kong initial public offering.

The spin-off from the world's largest maker of sports shoes for brands including Nike Inc sold nearly 823.4 million shares, or a 23.2-percent stake, at HK$3.05 each, sources said.

Merrill Lynch & Co and Morgan Stanley managed the IPO sale.