Foxconn Technology's Unit Invests Nearly $12 Million in Display Subsidiary

MT Newswires Live
Yesterday

Foxconn Technology's (TPE:2354) subsidiary, FTC Display Technology, subscribed to around 11.6 million shares in FTC Display Technology at $1 apiece, totaling $11.6 million, according to a Monday filing with the Taiwan Exchange.

The investment was funded by internal resources and lifts the unit's holding to about 17.6 million shares.

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