Taıwan, Electıon, Elections / Voting, Taiwan, China (Prc), Presidential Elections, Computer Hardware (Trbc)

Taıwan, Electıon

Foxconn's Gou quits Taiwan's KMT, paving way for presidential bid

Foxconn's Gou quits Taiwan's KMT, paving way for presidential bid


Foxconn's Gou quits Taiwan 's KMT, paving way for presidential bid

Terry Gou, the founder of Apple supplier Foxconn, quit Taiwan 's main opposi...

Gou, Taiwan’s richest person with a net worth of $7.6 billion according to Forbes, has extensive business interests in China and is in known for his close ties with Beijing leaders.

Gou announced his intention to contest the presidential election in April as the candidate for the China-friendly opposition Kuomintang (KMT). But he lost his bid to win the party’s nomination in July.

“Effective today, Mr Terry Gou quits the Kuomintang,” the aide said.

Gou would appeal to voters who are dissatisfied with Taiwan’s economy and in favor of closer ties with Beijing, one of the sources said.

Beijing considers democratic Taiwan a wayward province and has never renounced the use of force to take it over.

Shares of Foxconn rose 1.6% on Thursday, beating the benchmark index’s 0.3% rise. They are down about 20% since Gou announced his presidential bid in mid- April.

Read more: Reuters Top News

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