[Foxconn] Subsidiary Cloud Network Technology Singapore Pte. Ltd. Announces Investment in INGRASYS TECHNOLOGY MEXICO
Foxconn announced that its subsidiary, Cloud Network Technology Singapore Pte. Ltd., has acquired common stock in INGRASYS TECHNOLOGY MEXICO S.A. DE C.V. for a total of $39.5 million USD.
📋 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 08:25 (25 min after Collected)
## 1. Description of the Asset
Common stock of INGRASYS TECHNOLOGY MEXICO S.A. DE C.V.
## 2. Transaction Date
May 21, 115
## 3. Board Approval Date
May 21, 115
## 4. Transaction Details
Number of shares acquired: 727,469,319 shares
Price per share: $0.05 USD
Total transaction value: $39,500,000 USD
## 5. Purpose
Long-term investment
## 6. Relationship
Parent-subsidiary transaction. Financed through internal funds.
## 7. Accumulated Shareholding
Cloud Network Technology Kft.: 727,163,601 shares (60.399%)
Cloud Network Technology Singapore PTE. LTD.: 1,109,068,415 shares (39.601%)
Focus PC Enterprises Limited.: 1 share (0.0000001%)
Common stock of INGRASYS TECHNOLOGY MEXICO S.A. DE C.V.
## 2. Transaction Date
May 21, 115
## 3. Board Approval Date
May 21, 115
## 4. Transaction Details
Number of shares acquired: 727,469,319 shares
Price per share: $0.05 USD
Total transaction value: $39,500,000 USD
## 5. Purpose
Long-term investment
## 6. Relationship
Parent-subsidiary transaction. Financed through internal funds.
## 7. Accumulated Shareholding
Cloud Network Technology Kft.: 727,163,601 shares (60.399%)
Cloud Network Technology Singapore PTE. LTD.: 1,109,068,415 shares (39.601%)
Focus PC Enterprises Limited.: 1 share (0.0000001%)
FAQ
What is the key point of this news?
Foxconn Group injected $39.5 million in additional capital into its Mexican subsidiary. This move is aimed at strengthening the long-term supply chain in North America.
Which company is the target of the investment?
INGRASYS TECHNOLOGY MEXICO S.A. DE C.V. located in Mexico.
Why is this investment necessary?
It was conducted as part of long-term investment strategy and to stabilize the group's manufacturing infrastructure.