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Hon Hai Precision Industry ( (HNHPF) ) has shared an update.
Foxconn Industrial Internet Co., Ltd., a subsidiary of Hon Hai Precision Industry, plans to issue up to USD 2 billion in offshore corporate debt financing instruments under its medium-term note program. This strategic move aims to enhance financial flexibility and secure funding in various currencies. Additionally, Foxconn Industrial Internet completed a share repurchase program, buying back 4,293,500 shares, which constitutes 0.02% of its total share capital, with expenditures totaling approximately RMB 95.98 million. This repurchase underscores the company’s commitment to shareholder value and market confidence.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, operates in the technology manufacturing industry. It specializes in electronic products manufacturing and is a significant player in the global supply chain for consumer electronics, including smartphones, tablets, and other digital devices.
Average Trading Volume: 48,639
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $77.92B
See more insights into HNHPF stock on TipRanks’ Stock Analysis page.