Hon Hai Precision Industry (HNHPF) has released an update.
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Hon Hai Precision Industry’s subsidiary, Foxconn Industrial Internet Co., Ltd., has repurchased over 2.2 million shares through the Shanghai Stock Exchange, marking a strategic move in the company’s financial management. The repurchase, amounting to nearly RMB 50 million, represents 0.01% of the subsidiary’s total share capital. This activity is likely to influence shareholder value and market perceptions.
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