Hon Hai Precision Industry (HNHPF) has released an update.
Hon Hai Precision Industry Co. Ltd. has engaged in a series of internal investments, with its subsidiaries acquiring 100% of shares in three different companies—Execustar International Limited, Proper Charm Limited, and Chief Expertise Limited—for USD 42,362,000 each on June 14, 2024. All transactions were conducted between parent and subsidiary companies, with the board of directors as the decision-making unit, emphasizing these acquisitions as strategic long-term investments without any dissent from the directors.
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