[Foxconn] Announcement regarding the acquisition of shares in FII AMC MEXICO S. DE R.L. DE C.V. by its subsidiary, Cloud Network Technology Singapore Pte. Ltd.
Cloud Network Technology Singapore Pte. Ltd., a subsidiary of Foxconn, announced the acquisition of shares in FII AMC MEXICO S. DE R.L. DE C.V. via cash capital increase on May 21, 2026, for a total of $89.5 million.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 09:00
- 🔍 Collected: May 22, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 22, 2026 at 08:26 (26 min after Collected)
1. Name and nature of the target: FII AMC MEXICO S. DE R.L. DE C.V. shares; common stock.
2. Date of occurrence: May 21, 2026.
3. Date of Board approval: May 21, 2026.
4. Transaction quantity: 1,674,396,841 shares.
5. Price per unit: $0.05 USD.
6. Total transaction amount: $89,500,000 USD.
7. Purpose: Long-term investment.
8. Nature of transaction: Related party transaction (subsidiary cash capital increase).
Following this transaction, Cloud Network Technology Singapore Pte. Ltd.'s cumulative holdings reach 17,725,966,293 shares, representing a 99.99999999% stake.
2. Date of occurrence: May 21, 2026.
3. Date of Board approval: May 21, 2026.
4. Transaction quantity: 1,674,396,841 shares.
5. Price per unit: $0.05 USD.
6. Total transaction amount: $89,500,000 USD.
7. Purpose: Long-term investment.
8. Nature of transaction: Related party transaction (subsidiary cash capital increase).
Following this transaction, Cloud Network Technology Singapore Pte. Ltd.'s cumulative holdings reach 17,725,966,293 shares, representing a 99.99999999% stake.
FAQ
What is the purpose of Foxconn Group's investment in Mexico?
The purpose is long-term investment and strengthening the supply chain for North America.
How much was the acquisition amount?
The total amount is $89.5 million.
Who acquired the shares?
Foxconn Group's Cloud Network Technology Singapore Pte. Ltd. acquired them.