[Foxconn] Announcement regarding the acquisition of shares in Hon Yang Venture Capital Co., Ltd.
Key facts
- [Foxconn] Announcement regarding the acquisition of shares in Hon Yang Venture Capital Co., Ltd.
- Hon Hai Precision Industry (Foxconn) announced on May 29, 2026, that it has acquired shares of its subsidiary, Hon Yang Venture Capital, through a cash capital increase. The transaction involved 98.8 million shares at NT$10 per share, totaling NT$988 million. The purpose is long-term investment, funded by internal capital.
- Source: PR Times
- Date: May 29, 2026
Direct answer
Hon Hai Precision Industry (Foxconn) announced on May 29, 2026, that it has acquired shares of its subsidiary, Hon Yang Venture Capital, through a cash capital increase. The transaction involved 98.8 million shares at NT$10 per share, totaling NT$988 million. The purpose is long-term investment, funded by internal capital.
- Citation
- [Foxconn] Announcement regarding the acquisition of shares in Hon Yang Venture Capital Co., Ltd. (May 29, 2026), PR Times
- Source
- PR Times
- Date
- May 29, 2026
Hon Hai Precision Industry (Foxconn) announced on May 29, 2026, that it has acquired shares of its subsidiary, Hon Yang Venture Capital, through a cash capital increase. The transaction involved 98.8 million shares at NT$10 per share, totaling NT$988 million. The purpose is long-term investment, funded by internal capital.
📋 Article Processing Timeline
- 📰 Published: May 29, 2026 at 09:00
- 🔍 Collected: May 30, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 18:16 (34h 16m after Collected)
2. Date of occurrence: May 29, 2026.
3. Date of Board approval: May 29, 2026.
4. Other approval dates: N/A.
5. Transaction quantity, price, and total amount: 98,800,000 shares, NT$10 per share, total NT$988,000,000.
6. Counterparty and relationship: N/A for cash capital increase; parent-subsidiary relationship.
7. If counterparty is a related party: N/A.
8. Ownership history: N/A.
9. Disposal of claims: N/A.
10. Disposal profit/loss: N/A.
11. Payment terms: None.
12. Decision-making unit: Board of Directors.
13. Net value per share: N/A.
14. Cumulative holdings: Hon Hai Precision Industry holds 98.07%, Bao Xin International Investment holds 1.93%.
15. Ratios under asset disposal regulations: 15.37% of total assets, 33.49% of equity.
16. Brokerage fees: None.
17. Purpose: Long-term investment.
18. Dissenting opinions: None.
19. Related party transaction: Yes.
20. Audit Committee approval date: May 29, 2026.
21-24. Accountant details: N/A.
25-26. Change in business model: No.
27. Transaction history: N/A.
28. Source of funds: Internal capital.
29. Previous disclosures: N/A.
30. Other: None.
FAQ
What is Foxconn?
Foxconn (Hon Hai Precision Industry) is the world's largest electronics contract manufacturer, best known for assembling products like the iPhone.
What are the key facts in this article?
Hon Hai Precision Industry (Foxconn) announced on May 29, 2026, that it has acquired shares of its subsidiary, Hon Yang Venture Capital, through a cash capital increase. The transaction involved 98.8 million shares at NT$10 per share, totaling NT$988 million. The purpose is long-term investment, funded by internal capital.
What is the direct answer?
Hon Hai Precision Industry (Foxconn) announced on May 29, 2026, that it has acquired shares of its subsidiary, Hon Yang Venture Capital, through a cash capital increase. The transaction involved 98.8 million shares at NT$10 per share, totaling NT$988 million. The purpose is long-term investment, funded by internal capital.