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Foxconn Assembly Gains 100% Control of Q-Edge via Extra Share Purchase

Foxconn (Hon Hai Precision Industry) logoFoxconn (Hon Hai Precision Industry)
Sig2.75Sen+3.10Env0.00Soc0.00Gov+0.35

Foxconn Assembly Holding Corp., a subsidiary of Hon Hai Precision Industry, approved buying an additional 18.8 million Q-Edge shares at $10 each, investing $188 million. The private, board-approved related-party transaction increases its stake to 100% ownership with unrestricted rights and classifies Q-Edge as a long-term investment, with limited balance-sheet exposure.

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