Subsidiaries acquire and dispose shares

Summary by AI BETAClose X

Hon Hai Precision Industry Co Ld announced several transactions on March 30, 2026, involving its subsidiaries. CLOUD NETWORK TECHNOLOGY SINGAPORE PTE. LTD. acquired 328,782 shares of FII HOLDINGS USA INC. for USD 295,600,000, increasing its stake to 24.74%. FII HOLDINGS USA INC. acquired 42,917 shares of CLOUD NETWORK TECHNOLOGY USA INC. for USD 295,600,000, achieving 100% ownership. Additionally, CLOUD NETWORK TECHNOLOGY USA INC. acquired Foxconn Assembly LLC. shares for USD 295,600,000, also reaching 100% ownership. In a disposal, Foxconn Interconnect Technology Limited sold 1,250,000 Class A and 2,261,905 Class B-1 preferred shares of Origin Wireless, Inc. for USD 19.42 million, with a potential total transaction amount of up to USD 21.97 million, aiming to recognize investment gains.

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