Hon Hai Precision Industry (HNHPF) has released an update.
Hon Hai Precision Industry Co. Ltd. has announced the acquisition of right-of-use assets for a factory building in Shenzhen, China, for operational needs. The transaction involves leasing a plant within the Foxconn Hongguan Science and Technology Park, totaling an area of 118,193 square meters, with a total rent of approximately 55.65 million RMB over a two-year period. This strategic move, agreed upon by negotiation and approved by the board on September 26, 2024, is part of the company’s group resource integration efforts with its affiliate, Foxconn Technology Group.
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