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FIT Hon Teng Shareholders Unanimously Approve 2026 Framework Deals With Hon Hai

Story Highlights
  • FIT Hon Teng shareholders unanimously approved 2026 sales and purchase framework agreements with Hon Hai.
  • With Hon Hai abstaining, minority investors backed the annual caps and empowered directors to implement the transactions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
FIT Hon Teng Shareholders Unanimously Approve 2026 Framework Deals With Hon Hai

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FIT Hon Teng Limited ( (HK:6088) ) just unveiled an announcement.

Shareholders of FIT Hon Teng Limited approved all resolutions put to an extraordinary general meeting held on 30 December 2025, clearing framework sales and purchase agreements with major shareholder Hon Hai Precision Industry Co. Ltd. for product transactions in 2026. With Hon Hai and its associates abstaining from the vote in line with listing rules, the remaining shareholders unanimously backed the proposed annual caps for both product sales and purchases and authorized directors to execute all related documents, reinforcing the company’s commercial arrangements within the Foxconn group and providing formal shareholder endorsement for its 2026 intercompany trading framework.

The most recent analyst rating on (HK:6088) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on FIT Hon Teng Limited stock, see the HK:6088 Stock Forecast page.

More about FIT Hon Teng Limited

FIT Hon Teng Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the interconnect technology sector, supplying electronic components and connectivity solutions. The company is part of the broader Foxconn ecosystem and serves global electronics and technology customers through manufacturing and sales of interconnect products.

Average Trading Volume: 59,433,535

Technical Sentiment Signal: Buy

Current Market Cap: HK$39.03B

See more data about 6088 stock on TipRanks’ Stock Analysis page.

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