Taiwan-based Hon Hai Precision Industry, also known as Foxconn, is set to conduct a capital injection of $407.2 million to its subsidiary Foxconn Singapore Pte. Ltd,, through the acquisition of common shares.

In a filing with the Taiwan Stock Exchange (TWSE) on Thursday, Foxconn said the transaction involves approximately 524.4 million common shares priced at SGD1 each.

The purpose of the move is “long term investment,” according to the filing. The funding source is private capital.

Following the transaction, Foxconn’s cumulative holdings in Foxconn Singapore will total more than 8.63 billion shares with a cumulative monetary value of about $6.54 billion, representing a 100 percent shareholding.

According to Foxconn’s consolidated financial statements 2025, Foxconn Singapore operates as an investment holding company. It’s one of Foxconn’s major intermediate holding and trading hubs.

Foxconn Singapore is the entity conducting Foxconn’s investments in Vietnam, such as two projects of $550 million in Quang Ninh province with investment certificates granted in July 2024, $293 million in Fukang Technology in Bac Ninh province, $383 million in FCPV Foxconn Bac Ninh in June 2024.

Foxconn to pour $58M more in Vietnam subsidiary for long-term investment