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TAIPEI - Hon Hai (TW:2317) Precision Industry Co., Ltd., widely recognized as Foxconn (SS:601138), reported through its subsidiary HONGFUJIN PRECISION ELECTRONICS (ZHENGZHOU) CO., LTD., the completion of a significant machinery equipment acquisition. The transaction, which took place over a period starting December 5, 2024, and concluding today, involved a total sum of RMB 224,736,842.
The equipment was purchased in a batch from BOZHON Precision Industry Technology Co., Ltd., a company that does not have a related-party relationship with Hon Hai Precision Industry Co., Ltd. The acquisition was made as part of an operational requirement for HONGFUJIN PRECISION ELECTRONICS (ZHENGZHOU) CO., LTD., indicating a move to bolster its manufacturing capabilities.
The decision to acquire the machinery was made through negotiation, with the market price serving as the reference for the transaction. No professional appraisal was sought or obtained for the equipment, and the transaction did not involve any brokers or broker’s fees. Additionally, there were no dissenting opinions from directors regarding the purchase, and it was not subject to a board of directors resolution or ratification by supervisors.
This strategic acquisition aligns with the company’s ongoing efforts to enhance its production efficiency and capacity. The absence of a related-party transaction ensures transparency and fairness in the acquisition process.
Investors and market observers note that such investments in machinery and technology are indicative of a company’s commitment to maintaining competitiveness and meeting the evolving demands of the electronics manufacturing industry.
The information about this transaction is based on a press release statement and provides a factual account of HONGFUJIN PRECISION ELECTRONICS (ZHENGZHOU) CO., LTD.’s recent business activities without any endorsement of the claims.
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