Hon Hai Subsidiary Executes Strategic Share Repurchase

Hon Hai Precision Industry (HNHPF) has released an update.

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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