Board Approves Planned Disposal of Shares in Zhen Ding Technology Holding
Original: 代子公司Foxconn (Far East) Limited公告董事會決議預計處分 臻鼎科技控股股份有限公司股份
Summary
Foxconn's subsidiary Foxconn (Far East) Limited has announced a board resolution to plan the disposal of its shareholding in Zhen Ding Technology Holding Co., Ltd. (臻鼎科技控股, TWSE: 4958), a major printed circuit board manufacturer in which Foxconn holds a strategic stake. A divestiture of this affiliate — a key component of Foxconn's PCB supply chain — is material as it may signal a strategic restructuring of Hon Hai's manufacturing portfolio. Full body available on MOPS.
Full Translation
On behalf of its subsidiary Foxconn (Far East) Limited, Hon Hai Precision Industry Co., Ltd. (鴻海精密, TWSE: 2317) announces that the board of directors of Foxconn (Far East) Limited has resolved to proceed with the planned disposal of shares held in Zhen Ding Technology Holding Co., Ltd. (臻鼎科技控股股份有限公司). Zhen Ding Technology (TWSE: 4958) is a leading printed circuit board manufacturer and a strategic affiliate within the broader Foxconn/Hon Hai group ecosystem. The disposal — whether partial or full — would constitute a significant divestiture from a core component-tier subsidiary and could have implications for Hon Hai's supply-chain integration strategy and consolidated financials. [Body not available — subject line only. See MOPS for full announcement.]