Hon Hai Precision Industry (HNHPF) has released an update.
Hon Hai Precision Industry Co. Ltd’s subsidiary, Fuyu Electronical Technology, has acquired a 70% equity stake in China Cloud Elector Optics Technology Co., Ltd. for RMB 220,683,102.5. The purchase, which represents a minor 0.03% of the company’s total assets, was decided through negotiations and aligns with corporate strategy needs. No director opposed the acquisition, which was not funded by related parties but through private capital.
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