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The latest update is out from Hon Hai Precision Industry ( (HNHPF) ).
Hon Hai Precision Industry Co., Ltd., through its subsidiary Ingrasys (Singapore) Pte. Ltd., has acquired shares of Fulian Precision Technology Component Company Limited for a total transaction amount of USD 16.2 million. This acquisition is part of a long-term investment strategy and involves a related party transaction, with the parent and subsidiary companies being involved. The acquisition reflects Hon Hai’s ongoing efforts to strengthen its investment portfolio and maintain its competitive position in the technology manufacturing sector.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a leading global electronics manufacturing services company. It is known for its production of electronic components and products, including consumer electronics, communication devices, and computer components. The company is a major player in the technology manufacturing industry, serving a wide range of markets worldwide.
Learn more about HNHPF stock on TipRanks’ Stock Analysis page.