Foxconn subsidiary completes share repurchase of 9.3 million shares

Published 01/12/2025, 11:02
Foxconn subsidiary completes share repurchase of 9.3 million shares

SHANGHAI - Foxconn Industrial Internet Co., Ltd. (FII), a subsidiary of Hon Hai Precision Industry Co., has repurchased 9,319,897 shares through the Shanghai Stock Exchange’s centralized bidding system as of November 30, 2025, according to a company statement released Monday.

The repurchased shares represent approximately 0.05% of FII’s total share capital. The company paid between RMB 18.40 and RMB 63.40 per share, with total expenditure reaching RMB 247,075,625.95 (approximately $34.2 million), excluding transaction fees such as commissions.

Hon Hai Precision Industry, commonly known as Foxconn, maintains an 84.10% ownership stake in FII, according to the press release statement.

The announcement, made through the London Stock Exchange’s news service, provided no additional information regarding the purpose of the share repurchase program or any planned actions for the acquired shares.

FII is a major electronics manufacturing service provider and a key player in China’s industrial internet sector. The company offers solutions in areas including cloud computing, industrial automation and smart manufacturing.

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