Subsidiary Acquires Stake in Mitsubishi Electric Mobility Corporation
Original: 代子公司利億國際投資股份有限公司公告取得Mitsubishi Electric Mobility Corporation股份
Summary
Hon Hai (Foxconn) is announcing, on behalf of its wholly-owned subsidiary Li Yi International Investment Co., Ltd., the acquisition of shares in Mitsubishi Electric Mobility Corporation, a Japanese company focused on mobility and transportation electrification systems. This transaction extends Foxconn's strategic push into the EV and smart-mobility supply chain through a stake in a Mitsubishi Electric mobility spinoff. Full body available on MOPS.
Full Translation
Hon Hai Precision Industry Co., Ltd. (Foxconn) hereby announces, on behalf of its subsidiary Li Yi International Investment Co., Ltd. (利億國際投資股份有限公司), the acquisition of shares in Mitsubishi Electric Mobility Corporation — a Japanese corporation spun out of Mitsubishi Electric Corporation to consolidate its mobility-related businesses including railway traction systems, EV powertrain components, and automotive electronics. The filing is made as a material information disclosure under TWSE rules because the transaction meets the threshold for a significant investment by a listed company or its subsidiaries. The acquiring entity, Li Yi International Investment, serves as an offshore holding vehicle for Foxconn group cross-border investments. [Body not available — subject line only. See MOPS for full announcement.]