Hon Hai Precision Industry (HNHPF) has released an update.
Hon Hai Precision Industry Co. Ltd.’s subsidiary, Foxconn Interconnect Technology Singapore Pte. Ltd., has acquired 100% of Foxconn Interconnect Technology GmbH shares for EUR 180 million, as part of a long-term investment strategy. The transaction, which involves a related party, was resolved by shareholder’s decision and increases the subsidiary’s cumulative investment to EUR 403,091,498, without any rights restrictions or broker fees.
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