Obtaining Foxconn Brasil Industria e Shares

Summary by AI BETAClose X

Hon Hai Precision Industry Co Ld announced on November 12, 2025, that it is increasing its capital in its wholly owned subsidiary, Foxconn Brasil Industria e Comercio Ltda., by USD 225,000,000, acquiring approximately 1,212,750,000 common shares at BRL 1 each. This transaction, approved by the board of directors and audit committee, aims to facilitate debt repayment for the subsidiary. Following this capital injection, Hon Hai's cumulative shareholding in the subsidiary will be 1,212,750,000 shares, representing 83.8195% ownership, with the total investment amounting to USD 225,000,000. The transaction represents 16.61% of total assets and 36.87% of owners' equity based on the most recent financial statements.

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