Hon Hai Precision Industry Co., Ltd. announced the acquisition of shares in its subsidiary, Foxconn Singapore Pte Ltd, for long-term investment. The board of directors approved the cash capital increase to acquire approximately 524 million shares at SGD 1 per share, totaling USD 407.2 million. The transaction is a related-party transaction. After the capital increase, Hon Hai will retain 100% ownership of the subsidiary with a total holding value of over USD 6.53 billion.