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SINGAPORE - Foxconn (SS:601138) Singapore Pte Ltd, a subsidiary of Hon Hai (TW:2317) Precision Industry Co Ltd, has acquired a nearly complete stake in Yuzhan Technology (India) Private Limited, as detailed in a recent transaction. The event spanned from March 14, 2025, to today, with Foxconn Singapore purchasing 9,999 common shares at INR 10 each and participating in a capital increase by acquiring 12,773,535,400 shares at the same unit price.
The total investment by Foxconn Singapore amounts to approximately USD 1.49 billion (about INR 127.74 billion), giving the company a 99.99999999% share in Yuzhan Technology India. The remaining 0.00000001% share is held by Foxconn Image & Printing Product Pte. Ltd, which owns a single share.
This move is part of an investment structure adjustment, with the share acquisition from Foxconn Technology (India) Private Limited, an affiliate company, and the capital increase not involving cash investment. The Board of Directors decided on this transaction, which is intended for long-term investment purposes.
The investment represents 23.34% of the total assets and 7.46% of the equity attributable to the owners of the parent company, according to the most recent financial statement. This significant investment by Foxconn Singapore in Yuzhan Technology India does not involve any brokers or broker’s fees and has not met with any dissenting opinions from directors.
The transaction, funded by private capital, does not change the business model of the companies involved. No further details regarding transactions with the counterparty for the past or coming year have been specified.
This strategic acquisition aligns with Foxconn’s broader investment plans and reflects the company’s confidence in Yuzhan Technology India’s potential. The information regarding this transaction is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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