Foxconn Electronics to acquire TeleEye

Published on: 4/15/2016, 2:30 PM
Foxconn Electronics (Hon Hai Precision Industry) is planning to invest HK$240 million (US$30.95 million) to acquire a 50.07% stake in Hong Kong-based TeleEye Holdings for HK$0.55 per share via a subsidiary.
The acquisition will allow Foxconn to have access to the network surveillance market and own related hardware and software technologies.

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