Company announces indirect PRC investment

Summary by AI BETAClose X

Hon Hai Precision Industry Co Ld announced an indirect investment of USD 15,000,000 into Fu Yu Electronics Technology (Huaian) Co., Ltd., a mainland Chinese subsidiary engaged in manufacturing connectors and cables. This investment is being made by increasing capital in Foxconn Interconnect Technology Singapore Pte. Ltd., a parent company. The investee's paid-in capital is USD 301,200,000, and its latest annual financial statements show total equity of RMB 3,367,216,120.63 and a profit of RMB 363,063,150.71. The company's total approved investment in mainland China, including this transaction, now stands at USD 12,533,243,904.33, representing 10.08% of its total assets.

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