Hon Hai Group announced on January 26 that its subsidiary, Henan Yuzhan Precision Technology Co., Ltd., acquired the equity of Fulian Precision Technology (Ganzhou) Co., Ltd., with a total transaction amount of 5 billion yuan. Hon Hai pointed out that the purpose of acquisition is long-term investment.
According to Taiwan's Economic Daily, the capital dispatch of the internal subsidiary of Hon Hai Group is mainly to implement the iPEBG product business group affiliated to Industrial Fulian in August last year and the Jiangxi Ganzhou Economic and Technological Development Zone to negotiate the investment of smart phone institutional parts. With hon hai funds in place, the next step will be to produce iPhone-related precision mechanism parts in Ganzhou, Jiangxi.
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