Hon Hai Precision Industry ( (HNHPF) ) has shared an announcement.
Hon Hai Precision Industry Co., Ltd. announced that its subsidiary, Argyle Holdings Limited, has acquired 14,504,440 common shares of Big Innovation Holdings Limited for a total of USD 14,504,439.68. This acquisition is part of a long-term investment strategy and involves related parties, as it is a capital increase of a subsidiary. Additionally, Big Innovation Holdings Limited, another subsidiary, has acquired 7,252,220 shares of iCana Holdings Ltd. for USD 14,504,439.68, also as a long-term investment. These transactions are expected to strengthen Hon Hai’s investment portfolio and enhance its strategic positioning in the market.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a major player in the electronics manufacturing industry. The company is renowned for its production of electronic components and products, including consumer electronics, cloud services, and computing products. It primarily focuses on providing manufacturing services to major technology companies worldwide.
YTD Price Performance: -12.68%
Average Trading Volume: 65,066
Technical Sentiment Signal: Sell
Current Market Cap: $67.31B
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