Subsidiary obtaining Shares

Summary by AI BETAClose X

Hon Hai Precision Industry Co Ld announced that its subsidiary, CLOUD NETWORK TECHNOLOGY SINGAPORE PTE. LTD., has acquired 2,319,834,729 common shares of FII AMC MEXICO S. DE R.L. DE C.V. for USD 0.05 per share, totaling USD 124,000,000, as a long-term investment funded by private capital. Additionally, the same subsidiary acquired 234,263,538 common shares of Ingrasys Technology Mexico. S.A. de C.V. at USD 0.05 per share, amounting to USD 12,720,000. These transactions, approved by the board of directors on March 23, 2026, represent a capital increase for the subsidiary and are considered related party transactions. The company's investment ratio to total assets is 0.6959% and to owners' equity is 1.5223%.

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