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Hon Hai: Hon Jin relinquishes one of two institutional board mandates

Hon Hai said Hon Jin International Investment Co., Ltd. has, with immediate effect, relinquished one of its two mandates as an institutional director on the board. The position was held by Dr. Christina Yee-Ru Liu; Hon Jin cites strategic overall planning as the reason. Hon Jin’s remaining director seat remains filled, and a successor for the vacant position has not yet been announced. The turnover rate in the current mandate period is, at 2 of 9 director seats (or 1 of 5 independent directors), below the one‑third threshold. » Plus sur de.investing.com
Hon Hai raises stake in Foxconn System to 100% through $29.2 million purchase

Hon Hai announced that its subsidiary Foxconn EV Technology acquired additional shares in Foxconn System for $29.2 million, bringing the cumulative investment to $473.7 million, equivalent to a 100% stake without restrictions. The transaction was executed as a capital increase between parent and subsidiary, financed from internal funds and classified as a long‑term investment. No information on per‑share price or number of shares was provided; based on the most recent closing, the investment represents 0.39% of total assets and 0.84% of equity. No brokerage fees were incurred and no dissenting board opinions were recorded. » Plus sur de.investing.com