Taiwan's Foxconn Group plans to list its overseas units on the island following the government's relaxation of rules governing flotations, an AFP report said.

The group is the parent company of Hon Hai Precision Industry, the world's largest contract maker of electronics by revenue.

"We are doing all this because we are confident of the new government's measures and policies," said group chairman Terry Gou, quoted by the AFP report, said.

Gou did not identify the companies likely to seek a flotation on Taiwan, but Hon Hai Precision officials have said Foxconn International, which makes phones for Nokia and Motorola, is planning to list in Taiwan.

Foxconn International went public in Hong Kong in February 2005. It would be the most high profile share offering in Taiwan since late 2003.

Gou also said the group plans to invest more than NT$100 billion ($3.26 billion) to add jobs and set up an Asia logistics hub on the island, the AFP report added.

Taiwan's government last month decided to allow foreign companies, including those with Chinese shareholders, to list shares on the domestic exchange.

Source:telecomasia.net