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TAIPEI - Foxconn (SS:601138) Industrial Internet Co., Ltd., a subsidiary of Hon Hai (TW:2317) Precision Industry Co Ltd, has completed a share repurchase program, the company announced today. The repurchase occurred through the centralized bidding trading system of the Shanghai Stock Exchange, with the transaction concluding on May 31, 2025.
The company, which is 84.10% owned by its parent, Hon Hai Precision, has repurchased a total of 7,697,400 shares. This figure represents approximately 0.04% of its current total share capital. During the repurchase process, shares were bought at prices ranging from RMB 18.40 to RMB 19.84 per share, for a total expenditure of RMB 147,089,384.00, exclusive of transaction fees.
The repurchase initiative did not necessitate any countermeasures and there are no additional matters that need to be specified which might significantly impact shareholder rights or the price of the securities.
This share repurchase program is part of the company’s strategy to manage its capital structure and return value to its shareholders. Share repurchases are a common method for companies to reinvest in themselves by reducing the number of shares available on the market, often leading to an increase in share value.
The announcement, which is also in line with the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, is not expected to have any further significant impact on shareholders or the securities prices of public companies.
This information is based on a press release statement and reflects the latest financial maneuvers by Foxconn Industrial Internet as it navigates the stock market and shareholder interests.
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