Hon Hai Expands with Acquisition of Sharp Fukuyama Laser

 

Hon Hai Precision Industry’s (USOTC:FXCOF) subsidiary, HonYuan International Investments Co., Ltd., has successfully acquired 1,200 common shares of Sharp Fukuyama Laser Co., Ltd. from Sharp Corporation, a related affiliate, for JPY 15.5 billion. This acquisition, aimed at business expansion, provides Hon Hai with full ownership of Sharp Fukuyama Laser, enhancing its position in the laser technology sector and potentially boosting its operational capabilities.

About Hon Hai Precision Industry

Hon Hai Precision Industry Co., Ltd., also known as Foxconn, is a leading global electronics manufacturer. The company specializes in producing consumer electronics, computer components, and communication devices for major international brands. With a focus on expanding its technological capabilities, Hon Hai is strategically positioned to strengthen its market reach and maintain leadership in the industry.

Key Financial Figures:

• Year-to-Date Price Performance: -24.23%

• Average Daily Trading Volume: 71,529 shares

• Technical Sentiment: Hold

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