TAIPEI – Foxconn (SS:) Industrial Internet Co., Ltd. (FII), a subsidiary of Hon Hai (TW:) Precision Industry Co. Ltd., is set to issue offshore corporate debt financing instruments. The announcement made today confirms the board’s decision to proceed with the issuance under the existing medium-term note program, with the potential to raise up to USD 2 billion.
The debt issuance could be executed in one or more tranches and may include various currencies such as the U.S. dollar (USD) and the (CNH), among others. This strategic move aligns with FII’s financial management and capital needs, as it continues to expand its operations.
In addition to the debt issuance, FII reported on the progress of its share repurchase program, which began in December 2024. The company repurchased a total of 4,293,500 shares on the Shanghai Stock Exchange at prices ranging from RMB 22.05 to RMB 22.74 per share. This repurchase accounts for 0.02% of the company’s total share capital, utilizing a total fund of RMB 95,976,538.00, excluding transaction fees.
This financial maneuvering by FII reflects a broader trend among corporations to optimize their capital structures and return value to shareholders. The repurchase program and the new debt issuance demonstrate FII’s proactive approach to managing its finances.
The announcement today is based on a press release statement and does not reflect any speculation on the potential impact on the company’s stock price or investor rights. The information disclosed complies with the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, indicating no significant impact on shareholder rights or the price of the securities of public companies.
Investors and market observers will be watching closely to see how these financial strategies will be implemented by FII and whether they will serve the intended purpose of strengthening the company’s financial position and shareholder value.
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