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Foxconn to invest $407M in Singapore subsidiary for long-term purpose
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Foxconn to invest $407M in Singapore subsidiary for long-term purpose
Taiwan-based Hon Hai Precision Industry, also known as Foxconn, is set to conduct a capital injection of $407.2 million to its subsidiary Foxconn Singapore Pte. Ltd,, through the acquisition of common shares. In a filing with the Taiwan Stock Exchange (TWSE) on Thursday, Foxconn said the transaction involves approximately 524.4 million common shares priced at SGD1 each. The purpose of the move is “long term investment,” according to the filing. …
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