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Hon Hai Precision Industry ( (HNHPF) ) has shared an announcement.
Hon Hai Precision Industry’s subsidiary, Cloud Network Technology Singapore Pte. Ltd., has acquired shares in FII AMC MEXICOS. DE R.L. DE C.V. for a total transaction amount of USD 45 million. This acquisition is part of a long-term investment strategy and involves a related party transaction, with the parent company and subsidiary companies being the trading counterparties. The acquisition is expected to enhance the company’s investment portfolio, although it does not signify a change in business model.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a leading global electronics manufacturer. The company specializes in the production of electronic components and products, including consumer electronics, communication devices, and computer hardware. It is a major player in the technology manufacturing industry, serving a wide range of markets worldwide.
See more insights into HNHPF stock on TipRanks’ Stock Analysis page.