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An announcement from Hon Hai Precision Industry ( (HNHPF) ) is now available.
Hon Hai Precision Industry’s subsidiary, Q-Edge Corporation, has acquired the right-of-use assets for a factory building located in Houston, Texas. The transaction involves a substantial real estate asset of 656,658 square feet, with a total contract rent and management fee amounting to approximately USD 34.9 million. This strategic acquisition, approved by the board of directors, is intended to meet operational needs and is expected to enhance the company’s manufacturing capabilities in the region. The deal was negotiated at market price, with Liberty Property Limited Partnership as the trading counterparty.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., 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 smartphones, tablets, and other consumer electronics, with a significant market focus on serving major technology brands worldwide.
See more insights into HNHPF stock on TipRanks’ Stock Analysis page.