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An update from Hon Hai Precision Industry ( (HNHPF) ) is now available.
Hon Hai Precision Industry’s subsidiary, Ingrasys Technology Inc., has acquired the right-of-use assets for a factory building located in Taoyuan City. This acquisition involves a lease agreement for floors 2-6 of the building, with a total contract rent and management fee amounting to NT$676,205,160 over a 60-month term. The transaction was negotiated at market price and approved by the board of directors, reflecting the company’s strategic move to address operational needs. This acquisition is expected to enhance Ingrasys Technology’s operational capacity, potentially strengthening Hon Hai’s position in the competitive electronics manufacturing sector.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a leading player in the electronics manufacturing industry. The company is renowned for its production of electronic components and products, including major consumer electronics, and has a significant presence in the global market.
Learn more about HNHPF stock on TipRanks’ Stock Analysis page.