Subsidiary Factory Right-of-Use Acquisition

Summary by AI BETAClose X

Hon Hai Precision Industry Co Ld announced that its subsidiaries, Q-Edge Corporation, FuTaiHua Industrial (ShenZhen) Limited, and Triple Win Technology (ShenZhen) Co., Ltd., have acquired right-of-use assets for factory buildings. Q-Edge Corporation's acquisition in Houston, TX, involves a total contract rent and management fee of USD 32,067,513.72, with a right-of-use asset amount of USD 24,905,861.55, from an affiliate. The Shenzhen-based subsidiaries are acquiring assets from affiliates, including Foxconn Technology Group Co., Ltd. and FuTaiJie Science & Technology Development (ShenZhen) Co., Ltd. The total contract rent and management fees for these Shenzhen acquisitions amount to RMB 103,746,503.64, with a combined right-of-use asset amount of RMB 112,467,583. These transactions, all occurring on December 31, 2025, are for operational needs and were decided through negotiation based on market prices.

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