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Hon Hai Precision Industry ( (HNHPF) ) has provided an announcement.
Hon Hai’s subsidiary LinYih International Investments Co., Ltd. has agreed to acquire 115,000 common shares of Mitsubishi Fuso Bus Manufacturing Co., Ltd. for a total of JPY 9.25 billion, representing a 50% stake in the Japanese bus maker. The board-approved, negotiated transaction, funded with private capital and subject to regulatory approvals, is described as a strategic investment and is relatively small in scale versus Hon Hai’s balance sheet, but it signals a deliberate move into commercial vehicle manufacturing partnerships that could broaden the group’s automotive exposure and deepen its role in transportation-related industries.
More about Hon Hai Precision Industry
Hon Hai Precision Industry, best known globally as Foxconn, is a leading electronics manufacturing services provider that supplies major technology brands with components and finished products. Through subsidiaries such as LinYih International Investments, the company also engages in strategic investments to expand its industrial footprint and diversify beyond its core contract manufacturing operations.
See more data about HNHPF stock on TipRanks’ Stock Analysis page.