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Hon Hai Precision Industry ( (HNHPF) ) has shared an announcement.
Hon Hai Precision Industry Co. Ltd., through its subsidiary New Wing Interconnect Technology (Bac Giang) Co., Ltd., has announced the acquisition of a 25% equity stake in Goertek Electronics Vietnam Co. Ltd. for $50 million. This strategic investment aims to enhance Hon Hai’s positioning in the electronics industry, with the transaction subject to regulatory approvals. The decision was made through price negotiation and the acquisition is expected to bolster Hon Hai’s market presence in Vietnam.
More about Hon Hai Precision Industry
YTD Price Performance: 0.59%
Average Trading Volume: 61,427
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $77.9B
Find detailed analytics on HNHPF stock on TipRanks’ Stock Analysis page.