Subsidiary Foxconn (Far East) Launches Public Tender Offer for Maxnerva Technology Shares
Original: 代子公司 Foxconn (Far East) Limited公告進行公開要約 收購Maxnerva Technology Services Limited股份
Summary
Hon Hai's wholly-owned subsidiary Foxconn (Far East) Limited has announced a public tender offer (voluntary general offer) to acquire shares of Maxnerva Technology Services Limited (HKEx: 1037), a Hong Kong-listed IoT and smart-manufacturing solutions company. This constitutes a formal bid to all public shareholders of Maxnerva and signals a move toward full acquisition or significantly increased control of the target. Full body available on MOPS.
Full Translation
On behalf of its subsidiary Foxconn (Far East) Limited, Hon Hai Precision Industry Co., Ltd. (TWSE: 2317) discloses that Foxconn (Far East) Limited is conducting a public tender offer (公開要約收購) to acquire shares of Maxnerva Technology Services Limited. A public tender offer is a formal, regulated invitation to all existing public shareholders to tender their shares, typically at a specified price and within a defined acceptance period, and is the standard mechanism for a controlling-shareholder bid under Hong Kong Codes on Takeovers and Mergers. Maxnerva Technology Services Limited (HKEx: 1037) is a Hong Kong-listed technology-services company focused on IoT, AI, and industrial smart-manufacturing solutions; Foxconn-affiliated entities have historically held a material stake in Maxnerva, which has operated as part of Foxconn's industrial internet ecosystem. This announcement signals an intent to consolidate or extend control over Maxnerva through a regulated market-wide offer. [Body not available — subject line only. See MOPS for full announcement.]