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Hon Hai Precision Industry ( (HNHPF) ) has issued an update.
Hon Hai’s subsidiary Smart Technologies Inc. has increased its stake in fellow subsidiary Smart Technologies ULC via a debt-to-equity swap, acquiring 807,795,277 additional shares at USD0.1953 each, equivalent to CAD217.41 million, following board approval on 19 December 2025. The move raises the group’s total holding in Smart Technologies ULC to 1,062,775,064 shares, representing 100% ownership with no restrictions on rights, and is characterized as a long-term investment that slightly increases Hon Hai’s securities exposure while consolidating full control over the smart-technology unit for strategic operational and financial flexibility.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., better known as Foxconn, is a global electronics manufacturing services company that produces a wide range of components and finished devices for leading technology brands. Through various subsidiaries, it also invests in and operates technology solution providers, expanding its footprint across hardware, smart devices and related technology platforms in North America and other major markets.
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