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The latest update is out from Hon Hai Precision Industry ( (HNHPF) ).
Hon Hai Precision Industry Co., Ltd. announced the disposal of its 62.15% equity interest in FIH Precision Electronics (LangFang) Co., Ltd., a subsidiary involved in manufacturing mobile phones and tablets in mainland China. The transaction, valued at RMB 2,190,650,000, is part of an equity structure adjustment with Shenzhen Futaihong Precision Industry Co., Ltd., an affiliated company. This strategic move is expected to impact the company’s investment portfolio and streamline its operations in China.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a leading global electronics manufacturer primarily engaged in the production of consumer electronics, including mobile phones and tablets. The company focuses on providing manufacturing services to major technology firms and has a significant market presence in mainland China.
YTD Price Performance: -24.40%
Average Trading Volume: 71,529
Technical Sentiment Signal: Hold
Current Market Cap: $58.31B
For detailed information about HNHPF stock, go to TipRanks’ Stock Analysis page.