Hon Hai Precision Industry ( (HNHPF) ) just unveiled an announcement.
Hon Hai Precision Industry Co., Ltd. announced that its subsidiary, Hyield Venture Capital Co., Ltd., has acquired a significant number of shares in SolidEdge Solution Inc., a move valued at NTD 402,300,000. This strategic acquisition aims to bolster Hon Hai’s long-term investment portfolio and enhance its market positioning through increased shareholding in SolidEdge Solution Inc., reflecting a shareholding percentage of 97.78%, potentially rising to 100% if unclaimed employee shares are fully subscribed by the subsidiary.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., commonly known as Foxconn, is a leading company in the electronics manufacturing industry. It is renowned for its production of electronic components and products, including consumer electronics, cloud computing, and robotics. The company operates globally with a particular focus on large-scale manufacturing services to major technology brands.
YTD Price Performance: 70.62%
Average Trading Volume: 48,639
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $79.05B
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