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Hon Hai Precision Industry ( (HNHPF) ) just unveiled an announcement.
Hon Hai Precision Industry’s subsidiary, Fullertain Information Technologies Limited, has acquired shares of Saigon STEC Co., Ltd. for USD 10.4 million, with potential price adjustments based on transaction agreements. This strategic acquisition aims to expand the company’s business operations, indicating a focus on strengthening its market position and operational capabilities by leveraging related party transactions, specifically with Sharp Sensing Technology Corporation.
More about Hon Hai Precision Industry
Hon Hai Precision Industry, also known as Foxconn, is a leading multinational electronics contract manufacturer. The company is renowned for its production of a wide array of electronics and electronic components, primarily serving large multinational corporations with a focus on consumer electronics and information technology products.
YTD Price Performance: -5.05%
Average Trading Volume: 54,172
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $73.18B
See more data about HNHPF stock on TipRanks’ Stock Analysis page.
