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TAIPEI - Hon Hai Precision Industry Co Ltd, also known as Foxconn, announced Thursday it has invested approximately $360.3 million in its wholly-owned subsidiary Foxconn Singapore Pte Ltd through a capital increase.
The investment, approved by Hon Hai’s board of directors on August 14, involves the acquisition of about 56.3 million common shares at SGD 1 each, according to a company statement based on a regulatory filing.
The transaction, which occurred between November 18, 2024, and August 14, 2025, brings Foxconn’s total holdings in the Singapore subsidiary to 3.39 billion shares, representing 100% ownership with a cumulative monetary value of $5.67 billion.
Hon Hai described the investment as part of its long-term investment strategy, using private capital to fund the transaction. The company reported no restrictive covenants or special terms of delivery associated with the deal.
The investment represents 15.96% of Hon Hai’s total assets and 39.68% of equity attributable to owners of the parent company, based on its most recent financial statement.
The Taiwan-based electronics manufacturing giant, which serves as a major supplier for companies like Apple, did not specify particular projects or initiatives that would benefit from this capital injection into its Singapore operations.
The transaction was disclosed through a regulatory announcement to the London Stock Exchange.
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