Touch-pad products maker World Wide Touch Technology, which is seeking a listing in Hong Kong, has declined to say if it is under pressure to follow Foxconn's footsteps and raise wages.
A series of suicides at Foxconn's Shenzhen plant in recent weeks have drawn attention to the low pay of mainland workers.
World Wide Touch Technology, which makes touch pads for United States' Synaptics, has 5,933 workers at its plant in Jiangmen, Guangdong province. It said labour costs only constituted about 10 per cent in terms of costs of sales because its assembly lines were mainly automated.
The company hopes to raise up to HK$1.46 billion to fund new production and testing equipment and research and development.
'The problem [at Foxconn] is related to what's happening in society at large,' said Wong Kwok-fong, chairman and chief executive of World Wide Touch Technology. 'It's not something that can be solved and determined by the level of pay.'
The company also aims to diversify its client base, which at present consists of one major company, Synaptics, a hardware supplier of touch pads to firms such as Dell and IBM.
It aims to have a strong business in the manufacturing of fingerprint biometric devices that identify fingerprints.
