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Foxconn Industrial Internet buys back 14 million shares for $129 million

The subsidiary repurchased shares at prices ranging from 59.91 to 66.40 yuan each, spending 886.7 million yuan. Hon Hai holds an 84.16% stake in the company.

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Priya Anand · Equities & Earnings Desk · 2 Sept 2026 · 10:54 · 1 min read
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Foxconn Industrial Internet buys back 14 million shares for $129 million

Foxconn Industrial Internet Co. said it repurchased 14.01 million of its own shares through centralized bidding on the Shanghai Stock Exchange in August 2026.

The buyback was executed at prices between 59.91 yuan and 66.40 yuan per share, totaling 886.75 million yuan in expenditure, excluding trading commissions and transfer fees. The acquired shares represent 0.07% of the company’s total share capital.

Hon Hai Precision Industry Co., the parent company, disclosed the repurchase in a statement dated August 31, 2026. The announcement did not state the purpose of the buyback or outline any related strategic measures. Hon Hai holds an 84.16% stake in Foxconn Industrial Internet.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Priya Anand
Equities & Earnings Desk

Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.

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