Acquisition of Equity Stake in Competition Team Technology (Vietnam) Co., Ltd.
Original: 公告本公司取得Competition Team Technology (Vietnam) Company Limited股權
Summary
Hon Hai Precision (Foxconn) has announced the acquisition of an equity interest in Competition Team Technology (Vietnam) Company Limited, a Vietnam-incorporated entity. The move signals continued expansion of Foxconn's manufacturing and supply-chain footprint in Southeast Asia, consistent with its multi-year Vietnam investment strategy. Full details including consideration, ownership percentage, and closing conditions are available on MOPS.
Full Translation
Announcement: The Company Has Acquired an Equity Stake in Competition Team Technology (Vietnam) Company Limited. Hon Hai Precision Industry Co., Ltd. (TWSE: 2317) formally discloses that it has completed the acquisition of equity (股權) in Competition Team Technology (Vietnam) Company Limited, a company incorporated in Vietnam. This type of disclosure is filed as a material information announcement under TWSE regulations whenever a listed company obtains a shareholding in another enterprise that meets prescribed materiality thresholds. The acquisition represents a direct investment in Vietnamese operations, likely related to Foxconn's ongoing diversification of manufacturing capacity away from China into ASEAN markets. [Body not available — subject line only. See MOPS for full announcement.]