Foxconn subsidiary acquires full stake in Q-Edge Corp

Published 08/05/2025, 09:02
Foxconn subsidiary acquires full stake in Q-Edge Corp

TAIPEI - Foxconn (SS:601138) Assembly Holding Corporation, a subsidiary of Hon Hai (TW:2317) Precision Industry Co Ltd, has fully acquired Q-Edge Corporation, purchasing 3.6 million shares at a unit price of $10, totaling $36 million, as announced on Thursday. The transaction, which occurred on the same day, was conducted between parent and subsidiary companies, indicating an internal restructuring rather than an open market trade.

This strategic move resulted in Foxconn Assembly Holding Corporation holding 100% of Q-Edge Corporation’s shares, amounting to a cumulative total of 3.82 million shares valued at $38.2 million. The investment represents a small fraction of Foxconn’s total assets and equity, with a 0.0348% ratio to total assets and a 0.0768% ratio to owners’ equity, based on the latest financial statements.

The board of directors decided on this transaction, which was designed as a long-term investment, without the need for external brokers or additional fees. There were no dissenting opinions from the directors regarding the acquisition, and the transaction did not involve any changes to the business model.

Foxconn Assembly Holding Corporation funded this acquisition with its own funds, and no restrictive rights are attached to the newly acquired shares. The transaction is part of the company’s broader strategy to streamline operations and consolidate its investments.

This information is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG).

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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