Hon Hai Precision Industry Co., Ltd. (HNHPF) has released an update.
Hon Hai Precision Industry’s subsidiary, Fu Tai International Investment Co., Ltd., is set to acquire up to 100 million shares of Kai-Hong Energy Co., Ltd., at NT$10 per share, totaling a maximum investment of NT$1 billion. This strategic move, representing a 16.67% stake in the green energy company, aligns with the group’s commitment to expanding its green energy portfolio. The transaction, which is funded by private capital, underscores the company’s calculated approach towards sustainable growth.
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