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Hon Hai Precision Industry ( (HNHPF) ) just unveiled an announcement.
Hon Hai Precision Industry Co., Ltd., commonly referred to as Foxconn, is addressing a lawsuit filed by former SHARP Chairman Tai Jeng-wu, who seeks to recover over NT$1 billion in bonuses from the company and its founder, Terry Gou. The company has stated its intention to manage the legal proceedings with adherence to legal compliance and regulations, reflecting its commitment to lawful practices. This lawsuit could potentially impact Foxconn’s reputation and stakeholder relations, highlighting the challenges in managing executive compensation and legal disputes within large multinational corporations.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., widely known as Foxconn, operates in the electronics manufacturing industry. It is recognized for producing a wide array of consumer electronics, semiconductors, and computing products, serving as a key supplier for major technology companies globally.
YTD Price Performance: -5.05%
Average Trading Volume: 59,101
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $73.33B
See more insights into HNHPF stock on TipRanks’ Stock Analysis page.
