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06088 FIT HON TENG
RTNominal down1.810 -0.040 (-2.162%)
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29/05/2018 09:58

FIT Hon Teng (6088) to buy automotive electronics businesses

[ET Net News Agency, 29 May 2018] FIT Hon Teng (06088) said it agreed to purchase the
business and property under the automotive electronics businesses division from
controlling shareholder Hon Hai Precision Industry Co., Ltd. at NTD500 million (equivalent
to about HK$132 million) (subject to adjustment).
The acquisition will supplement FIT Hon Teng's existing strengths in the automotive,
medical and industrial segment, and further its strategy to fully utilize its long-term
strategic partnership with Hon Hai Group as well as other major global OEM customers to
achieve rapid growth in its automotive electronics business. (HL)

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