Powell’s speech, Nvidia’s chips, Meta deal - what’s moving markets
TAIPEI - Hon Hai (TW:2317) Precision Industry Co., Ltd., widely known as Foxconn (SS:601138), announced today that its subsidiary, eCMMS Precision Singapore Pte. Ltd., has acquired a significant number of shares in FOXCONN ICT MECHANICAL MEXICO S.A. de C.V. The transaction involved 406,504,000 common shares at a unit price of USD 0.0492000079, totaling USD 20,000,000. This acquisition, which occurred on Friday, increases eCMMS Precision Singapore’s cumulative shareholding to 99.9975%, with no restrictions on these rights.
In a separate transaction also dated today, another subsidiary, Fulian Yuzhan Technology (Shenzhen) Co., Ltd., secured shares in Fulian Yukang Medical (TASE:BLWV) Technology (Shenzhen) Co., Ltd. with a total transaction amount of RMB 270,000,000. This purchase brings its cumulative shareholding to 100%.
Additionally, Fulian Yukang Medical Technology (Shenzhen) Co., Ltd. has engaged in a transaction to acquire shares in Guangzhou Tianying Precision Tools Co., Ltd., with a total transaction amount not exceeding HKD 438,600,000. The acquisition is structured to be completed in two phases, with the first stage acquiring 60% equity and the second phase the remaining 40%.
The board of directors decided on these transactions, which were not subject to tender, price comparison, or negotiation processes. The transactions are part of a long-term investment strategy and were funded by self-owned funds. The related parties involved in the transactions are parent and subsidiary companies, with no dissenting opinions from directors or unreasonable opinions issued by CPAs regarding the transactions.
These strategic moves are part of Hon Hai’s broader investment activities and are reported to have negligible effects on the company’s total assets and owners’ equity ratios. The company’s operating capital before the transactions was reported as NTD-241,579,390,000.
The information in this article is based on a press release statement from Hon Hai Precision Industry Co., Ltd.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.