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Hon Hai Precision Industry ( (HNHPF) ) just unveiled an announcement.
Hon Hai Precision Industry Co., Ltd. announced the acquisition of approximately 56.3 million common shares in its subsidiary, Foxconn Singapore Pte Ltd, for a total of USD 360.3 million. This transaction, approved by the board of directors, reflects a strategic long-term investment aimed at strengthening the company’s operational capabilities and market positioning. The acquisition, which involves related parties, underscores Hon Hai’s commitment to expanding its influence and resources within the electronics manufacturing sector.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a prominent player in the electronics manufacturing industry. The company is known for producing consumer electronics, including components for major tech brands, and has a significant market focus on providing manufacturing services for global technology companies.
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