Hon Hai Precision Industry (HNHPF) has released an update.
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Hon Hai Precision Industry’s subsidiary, Foxconn Assembly Holding Corporation, has sold 4,409,126 common shares of Vizio Inc to Walmart Inc for a total of $50.7 million. The transaction results in realized gains of $26.9 million, contributing positively to the company’s undistributed earnings this year. This move marks the completion of Foxconn’s investment in Vizio, leaving it with no remaining shares.
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