Subsidiary acquires real estate use rights assets

Summary by AI BETAClose X

Hon Hai Precision Industry Co Ld announced that its subsidiary, FUTAIHUA INDUSTRIAL (SHENZHEN) CO.,LTD., has entered into an agreement to lease factory buildings totaling 58,770.19 square meters in Shenzhen, China, from an affiliate, Foxconn Technology Group Co., Ltd. The total contract rent for the period of July 1, 2025, to December 31, 2027, is RMB 42,033,480.60, with the transaction amount for the right-of-use assets recorded at RMB 16,315,799. This transaction, decided through negotiation based on market prices, is for operational needs and was approved by the board of directors on June 30, 2026.

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