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FIH Mobile ( (HK:2038) ) has shared an announcement.
FIH Mobile’s independent shareholders have overwhelmingly approved three key continuing connected transactions with its parent group Hon Hai, covering purchase, consolidated services and sub-contracting expenses, and product sales, along with their respective annual caps for the year ending 31 December 2026. The strong support at the extraordinary general meeting, where Hon Hai and its associates abstained from voting, clears the way for the company to continue its operational arrangements within the Hon Hai group structure, providing visibility over future related-party business volumes and reinforcing governance around these transactions for minority investors.
The most recent analyst rating on (HK:2038) stock is a Hold with a HK$19.50 price target. To see the full list of analyst forecasts on FIH Mobile stock, see the HK:2038 Stock Forecast page.
More about FIH Mobile
FIH Mobile Limited is a Hong Kong–listed company incorporated in the Cayman Islands and majority-owned by Hon Hai Precision Industry. It operates in the electronics manufacturing services sector, focusing on mobile devices and related products, and acts as part of Hon Hai’s wider contract manufacturing and components supply chain for global technology brands.
Average Trading Volume: 952,172
Technical Sentiment Signal: Buy
Current Market Cap: HK$14.11B
Find detailed analytics on 2038 stock on TipRanks’ Stock Analysis page.