Hon Hai Precision Industry ( (HNHPF) ) has issued an announcement.
Hon Hai Precision Industry’s subsidiary, Ingrasys (Singapore) Pte. Ltd., has acquired shares of Fulian Precision Technology Component Company Limited for a total transaction amount of USD 17,961,000. This acquisition, approved by the board of directors, is part of a long-term investment strategy and involves related parties, with the company now holding 100% shareholding in Fulian Precision Technology. The transaction is expected to enhance Hon Hai’s market positioning by strengthening its investment portfolio.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a leading technology manufacturer specializing in electronics and components. The company is renowned for its extensive production of consumer electronics, including smartphones, tablets, and other devices, primarily serving major global brands.
YTD Price Performance: -5.67%
Average Trading Volume: 58,318
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $72.68B
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