Hon Hai to Invest US$400 Million in Capital Increase for Singapore Subsidiary
Hon Hai Precision's board has approved the acquisition of newly issued shares from its Singapore subsidiary, Foxconn Singapore Pte Ltd, through a cash capital increase amounting to US$407.2 million. This move will give Hon Hai 100% ownership of the subsidiary.
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- 📰 Published: May 14, 2026 at 22:10
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ASEAN Finance Special Report (300 articles in total)
Central News Agency
Grasp the New Southbound Policy, focus on the economic pulse of ASEAN. The Central News Agency's "Southeast Asia Financial Information Network" brings you selected financial headlines from Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and other countries daily. Whether it's new government policies, industry trends, or investment opportunities, we help you grasp key information in real-time, understand the market, and seize business opportunities.
(CNA, Taipei, 14th) The board of directors of Hon Hai Precision Industry Co. today approved the acquisition of shares from a cash capital increase of its Singapore subsidiary, Foxconn Singapore Pte Ltd, for US$407.2 million. As of the fourth quarter of last year, Hon Hai's outstanding investment in Foxconn Singapore Pte Ltd was approximately NT$191.6 million.
Hon Hai statistics show that including this transaction, the company will have cumulatively held 8,639,144,116 shares of Foxconn Singapore Pte Ltd, amounting to US$6,538,583,882, with an ownership stake of 100%.
Hon Hai held an online investor conference today, where Rotating CEO Chiang Chi-Heng stated that the group has three major growth drivers and is entering another phase of significant revenue and profit growth.
Hon Hai announced its first-quarter net profit attributable to owners of the parent company reached NT$49.919 billion, with earnings per share of NT$3.56. 1150514
Central News Agency
Grasp the New Southbound Policy, focus on the economic pulse of ASEAN. The Central News Agency's "Southeast Asia Financial Information Network" brings you selected financial headlines from Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and other countries daily. Whether it's new government policies, industry trends, or investment opportunities, we help you grasp key information in real-time, understand the market, and seize business opportunities.
(CNA, Taipei, 14th) The board of directors of Hon Hai Precision Industry Co. today approved the acquisition of shares from a cash capital increase of its Singapore subsidiary, Foxconn Singapore Pte Ltd, for US$407.2 million. As of the fourth quarter of last year, Hon Hai's outstanding investment in Foxconn Singapore Pte Ltd was approximately NT$191.6 million.
Hon Hai statistics show that including this transaction, the company will have cumulatively held 8,639,144,116 shares of Foxconn Singapore Pte Ltd, amounting to US$6,538,583,882, with an ownership stake of 100%.
Hon Hai held an online investor conference today, where Rotating CEO Chiang Chi-Heng stated that the group has three major growth drivers and is entering another phase of significant revenue and profit growth.
Hon Hai announced its first-quarter net profit attributable to owners of the parent company reached NT$49.919 billion, with earnings per share of NT$3.56. 1150514