Goldman Sachs has scooped its second bookrunning mandate for the flotation of a subsidiary from an east Asian conglomerate in a week, after it was hired by Hon Hai Precision, the world's largest contract electronics company.

The South China Morning Post reports that Hon Hai Precision, the Taiwanese firm that manufactures Apple's iPod MP3 player, plans to spin off its printed circuit board manufacturer early next year, raising at least HK$3bn (€303m) on the Hong Kong Stock Exchange.