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Hon Hai Precision Industry ( (HNHPF) ) has provided an announcement.
Hon Hai Precision Industry’s subsidiary Best Leap Enterprises Limited, registered in the British Virgin Islands, has approved the disposal of 2,450,000 common shares of SK Inc. The transaction, executed on April 27, 2026, will fully clear Hon Hai’s holdings in SK Inc., bringing its cumulative stake to zero with no restrictions on rights.
The disposal is classified as an investment realization and is not considered material to Hon Hai’s balance sheet, with the asset ratio to total assets and equity both at 0%. Transaction pricing, total proceeds, and realized gains will be disclosed after completion, and the counterparty is not a related party, indicating a financial portfolio adjustment rather than a strategic divestment.
More about Hon Hai Precision Industry
Hon Hai Precision Industry, also known as Foxconn, is a major global electronics manufacturing services provider. The company assembles and manufactures a wide range of electronic products for leading global brands, with a focus on large-scale contract manufacturing and related technology services.
For an in-depth examination of HNHPF stock, go to TipRanks’ Overview page.