Hon Hai Precision Industry (HNHPF) has released an update.
Hon Hai Precision Industry Co. Ltd. has expanded its operational footprint through the subsidiary FUTAIHUA INDUSTRIAL (SHENZHEN) CO., LTD by acquiring right-of-use assets for factory buildings in the Foxconn Hongguan Science and Technology Park, Shenzhen. The lease agreements, executed by negotiation and set to run until mid-2027, will cost a total of RMB 56.2 million, underscoring the company’s commitment to meeting its operational needs. This strategic acquisition, involving an affiliate as the trading counterparty, was approved by the company’s board of directors on July 1, 2024.
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