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Foxconn Subsidiary to Lease Portions of Three Factory Buildings in Shenzhen

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Fulian Yuzhan Precision Technology, a subsidiary of Hon Hai Precision Industry Co (TPE:2317), also known as Foxconn, has acquired right-of-use assets for portions of factory buildings located in Shenzhen, China, from affiliated entities within the Foxconn Technology Group.

The transaction involves a total contract rent of 109.36 million yuan, according to a Monday filing to the Taiwan stock exchange.

The lease covers 322,123.85 square meters of space at Foxconn Hongguan Science Park and Foxconn Science Park, and the transaction involves right-of-use assets valued at 105.21 million yuan.

The rental period will be from May 1 through Dec. 31, 2027.

Shares of the electronics manufacturing and technology solutions provider fell nearly 1% in recent trade.

What else is happening in Asia?

Asia

GenFleet Presents Updated Lung Cancer Therapy Data at Korean Medical Conference

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HKG:2595
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White Cliff Minerals Says Gina Rinehart's Hancock Prospecting to Take 13.5% Stake With Nearly AU$9 Million Investment

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ASX:WCN
Asia

Wafangdian Bearing Seeks Delisting As Public Float Falls Below 10%

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SHE:200706