Hon Hai Precision Industry (HNHPF) has released an update.
Hon Hai Precision Industry Co. Ltd., widely recognized as Foxconn, has acquired 100% of Foxconn Singapore Pte Ltd by purchasing 195,552,000 common shares for a total of USD 144 million. The transaction, which was decided by the board of directors, is aimed at long-term investment, with no restrictive covenants or dissenting opinions from directors. The financial infusion for this acquisition comes from private capital, solidifying Foxconn’s total assets ratio at 14.42% and owner’s equity at 32.37%.
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