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Hon Hai Precision Industry ( (HNHPF) ) has issued an update.
Hon Hai Precision Industry Co., through its subsidiaries, has announced a series of transactions involving the disposal and acquisition of shares in Famous Rise International Limited and Expressive Profits Incorporated. These transactions are part of a structural adjustment strategy aimed at optimizing the company’s capital structure. The disposal of Famous Rise shares by Dominant Elite Holdings Limited to Foxconn Singapore Pte Ltd, both affiliates, was executed at a total value of USD 21,703,909. Concurrently, Foxconn Singapore Pte Ltd acquired the same amount of shares, indicating an internal capital reallocation. Additionally, Lockfast Finance Limited disposed of shares in Expressive Profits Incorporated to Foxconn Singapore Pte Ltd for USD 41,606,718. These moves suggest a strategic realignment within the company’s subsidiaries, potentially impacting its financial positioning and operational focus.
More about Hon Hai Precision Industry
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