TAIPEI – Foxconn (SS:) Industrial Internet Co., Ltd., a subsidiary of Hon Hai (TW:) Precision Industry Co Ltd, has completed a share repurchase on Monday, involving a total of 2,246,900 shares through the centralized bidding system of the Shanghai Stock Exchange. The transaction represents a minor 0.01% of the company’s total share capital.
The repurchase was executed at prices ranging from RMB 22.05 to RMB 22.55 per share, resulting in a total expenditure of approximately RMB 49.99 million, exclusive of associated transaction costs. The company confirmed that no countermeasures are required and indicated that there are no additional matters to specify which could significantly impact shareholder rights or the securities’ price.
Foxconn Industrial Internet’s move to buy back shares is a financial decision disclosed in compliance with market regulations. The repurchase activity took place directly on the Shanghai Stock Exchange,…
