Hon Hai Precision Industry (HNHPF) has released an update.
Hon Hai Precision Industry, through its subsidiary Foxconn Interconnect Technology, has completed a series of share acquisitions involving its Singapore, German, and Voltaira Group entities, each transaction valued at EUR 30 million. These transactions, unanimously approved by the board and funded by private capital, represent a strategic long-term investment, affirming the company’s 100% shareholding in the acquired entities without any restrictions on rights. The investments account for a minor percentage of the company’s total assets and owner’s equity, emphasizing a cautious yet decisive expansion.
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