Subsidiary obtaining Shares

Summary by AI BETAClose X

Hon Hai Precision Industry Co Ltd announced on March 18, 2026, that its subsidiary, Foxconn EV Singapore Holdings Pte. Ltd., is acquiring shares in Foxconn EV Netherlands Holdings B.V. for EUR 25,000,000 and Foxconn EV Netherlands Axle System B.V. for EUR 25,000,000, both classified as long-term investments funded by private capital. Additionally, Foxconn EV Netherlands Axle System B.V. is acquiring ZF Foxconn Chassis Modules Class A preferred shares for EUR 25,000,000, described as a long-term strategic investment. These transactions involve related parties and were approved by the board of directors. The company's cumulative investment in securities represents 0.36% of total assets and 0.79% of owners' equity.

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