FIT Hon Teng Announces Strategic Acquisition

FIT Hon Teng Limited (HK:6088) has released an update.

FIT Hon Teng Limited, a subsidiary of Foxconn Interconnect Technology Limited, has announced a voluntary acquisition of 70% equity interest in China Cloud Electro Optics Technology Co., Ltd. for approximately USD 30.52 million. The acquisition, which is based on a valuation report, is a strategic move by the company but does not meet the threshold for a notifiable transaction under Hong Kong Stock Exchange rules. Shareholders and potential investors are advised to exercise caution when dealing with the company’s securities.

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