Foxconn Industrial Internet Completes 1 Billion Yuan Share Buyback Initiative

Stock News09-18 16:58

Foxconn Industrial Internet Co., Ltd. (601138.SH) has announced the conclusion of its share repurchase program, with the aggregate expenditure reaching the designated lower threshold.

As per the company's disclosure, the buyback has been formally completed following a management decision. Through the Shanghai Stock Exchange's trading system, the firm repurchased a total of 15.8334 million shares via centralized bidding transactions, accounting for approximately 0.08% of its total share capital.

The repurchase price ranged from a high of 66.40 yuan per share to a low of 59.91 yuan per share, resulting in an average price of 63.16 yuan per share. The total funds utilized amounted to roughly 1 billion yuan, excluding transaction commissions, transfer fees, and other related transaction costs.

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