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The latest update is out from Hon Hai Precision Industry ( (HNHPF) ).
Hon Hai’s subsidiary, AnTec Electric System Co., Ltd., announced the sale of land and buildings in New Taipei City to Muzha Haoming Enterprise Co., Ltd. for a total transaction amount of NTD 358.8 million. The disposal, aimed at asset revitalization, is expected to generate a gain of NTD 250.4 million. This move reflects Hon Hai’s strategic efforts to optimize its asset portfolio and enhance operational efficiency, potentially impacting its financial performance positively and signaling a focus on asset management strategies to its stakeholders.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a multinational electronics contract manufacturer headquartered in Taiwan. The company is renowned for its vast manufacturing capabilities and is a key supplier for major technology firms, producing a wide range of electronic products and components. Hon Hai plays a pivotal role in the global supply chain, particularly in the consumer electronics sector.
YTD Price Performance: 4.59%
Average Trading Volume: 48,639
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $78.15B
Find detailed analytics on HNHPF stock on TipRanks’ Stock Analysis page.
