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Cloud Network Technology Singapore invests $45 million in Mexican subsidiary

Published 13/08/2025, 10:28
Cloud Network Technology Singapore invests $45 million in Mexican subsidiary
2317
0.50%

SINGAPORE - Hon Hai (TW:2317) Precision Industry Co. Ltd. announced Wednesday that its subsidiary, Cloud Network Technology Singapore Pte. Ltd., will invest $45 million in FII AMC MEXICO S. DE R.L. DE C.V., according to a company press release.

The transaction, approved by the board of directors on August 13, 2025, represents a capital increase in the Mexican subsidiary. Following the investment, Cloud Network Technology Singapore will hold a 99.999999986% stake in the Mexican entity, with Focus PC Enterprises Limited holding the remaining 0.000000014%.

The investment is classified as a long-term investment and will be funded through private capital, the company stated. The transaction does not involve a change in business model.

The investment represents 0.347% of Hon Hai’s total assets and 0.768% of equity attributable to owners of the parent company, based on its most recent financial statement.

Hon Hai Precision Industry, better known as Foxconn (SS:601138), is one of the world’s largest electronics manufacturing service providers. The company trades on the London Stock Exchange (LON:LSEG) and is required to disclose material transactions as a publicly listed company.

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