Hon Hai Precision Industry Co., Ltd. (HNHPF) has released an update.
Hon Hai Precision Industry Co., Ltd. has announced a significant investment in its subsidiary, HongFuJin Precision Electronics (ChengDu) Co., Ltd., with a combined capital injection of USD 27 million from China Galaxy Enterprises Limited and RMB 1.1 billion from FuTaiHua Industrial (ShenZhen) Limited. The investment aims for long-term growth in the manufacturing and sales of mobile terminal devices. This strategic move signals Hon Hai’s commitment to expanding its footprint in the lucrative mainland Chinese market.
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