FII Technology (Shanxi) Co., Ltd., a subsidiary of Foxconn, has announced the acquisition of machinery equipment from its affiliated company, FII Technology (Jincheng) Co., Ltd., for RMB 92,482,463.37. The transaction aims at group-wide resource integration.
AI Analysis
Frequently Asked Questions
Q: What is the purpose of this transaction?
A: To integrate manufacturing resources within the group and improve efficiency.
Q: What is the transaction amount?
A: RMB 92,482,463.37.
Q: What kind of company is the counterparty?
A: FII Technology (Jincheng) is a related company under the Foxconn group.
Q: When was this transaction approved?
A: Approved by the Board and Audit Committee on June 15, 115.
Q: Is the transaction price based on market value?
A: Yes, the price was determined based on market conditions.