Hon Hai Precision Industry (HNHPF) has released an update.
Hon Hai Precision Industry Co. Ltd’s subsidiary, HeNan FuChi Technology Co., Ltd., has completed the disposal of a batch of machinery equipment to Foxconn Hon Hai Technology India Mega Development Private Limited, in a transaction valued at approximately USD 9.75 million. The deal, which took place between affiliates of the company, was negotiated based on book value and authorized by the company’s Board of Directors. No dissenting opinions were reported, and the transaction is said to integrate resources.
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