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An update from Hon Hai Precision Industry ( (HNHPF) ) is now available.
Hon Hai Precision Industry Co., Ltd. announced that its subsidiary, Cloud Network Technology Singapore Pte. Ltd., has acquired 197,000 shares of FII Holdings USA Inc. for a total transaction amount of USD 158 million, representing a 16.4578% shareholding. This strategic acquisition is aimed at long-term investment and strengthens Hon Hai’s position in the technology sector. Additionally, FII Holdings USA Inc. has obtained shares in Ingrasys Technology USA Inc., marking a significant expansion in its investment portfolio, with a total transaction amount of USD 158 million, leading to a 100% shareholding. These moves are part of Hon Hai’s broader strategy to enhance its market presence and operational capabilities in the tech industry.
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, specializing in the production of electronic components and products. The company is a major supplier for global tech giants and focuses on expanding its technological and manufacturing capabilities.
For an in-depth examination of HNHPF stock, go to TipRanks’ Overview page.