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Hon Hai Precision Industry ( (HNHPF) ) has provided an announcement.
Hon Hai Precision Industry Co., Ltd. announced the disposal of shares and equities in several of its subsidiaries, including Cloud Network Technology USA Inc. and Ingrasys Technology USA Inc., amounting to a total transaction of USD 344,978,065. This move is part of an effort to optimize the shareholding structure and involves increasing the capital of Fii Holdings USA Inc. by valuing the equities of eight US subsidiaries, all of which are related parties. Additionally, Cloud Network Technology Kft., a subsidiary of Hon Hai, announced the acquisition of shares in Fii Holdings USA Inc., which includes a cash capital increase and an equity capital increase based on valuation, totaling USD 344,979,065. This acquisition aims to establish a long-term investment and restructure holdings within the company to enhance organizational efficiency.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a Taiwanese multinational electronics contract manufacturer. It is the world’s largest provider of such services and is primarily engaged in the manufacturing of electronic products, including components, modules, and systems for various industries, with a major focus on technology and electronics.
YTD Price Performance: 70.62%
Average Trading Volume: 48,639
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $79.05B
Learn more about HNHPF stock on TipRanks’ Stock Analysis page.
