On May 21, 2026, Foxconn (2317) announced that its subsidiary, Cloud Network Technology Singapore Pte. Ltd., will acquire 727,469,319 common shares of INGRASYS TECHNOLOGY MEXICO. S.A. DE C.V. at a price of $0.05 per share, for a total transaction amount of $39.5 million.

This transaction is an internal group deal aimed at long-term investment, with funds sourced from the company's own capital. Through this acquisition, the Foxconn Group aims to strengthen the operational structure of its production base in Mexico.

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  • Source: PR Times
  • Category: News
  • Organizations: Cloud Network Technology Singapore Pte. Ltd. / INGRASYS TECHNOLOGY MEXICO. S.A. DE C.V. / Cloud Network Technology Kft.