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The latest announcement is out from Hon Hai Precision Industry ( (HNHPF) ).
Foxconn Industrial Internet Co., a subsidiary of Hon Hai Precision Industry, has completed its first share repurchase through the Shanghai Stock Exchange’s centralized bidding system. Between December 2024 and January 2025, the company repurchased 9,462,623 shares, representing 0.05% of its total share capital, with prices ranging from RMB 19.50 to RMB 22.74 per share. This action, amounting to over RMB 203 million, has reached the minimum repurchase target and the shares will be canceled on February 7, 2025. This repurchase initiative is part of the company’s efforts to manage its capital structure and potentially enhance shareholder value.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., also known as Foxconn, operates in the electronics manufacturing industry, providing a range of services including design, development, and manufacturing of electronic products. The company is a major supplier for consumer electronics and technology companies globally and focuses on enhancing its market position through strategic initiatives and operational efficiencies.
YTD Price Performance: -6.24%
Average Trading Volume: 60,077
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $72.33B
For detailed information about HNHPF stock, go to TipRanks’ Stock Analysis page.
