Foxconn Unit to Boost Stake in Maxnerva in HK$152 Million Deal, Initiate Tender Offer

12:50 AM EDT, 07/28/2026 (MT Newswires) -- A unit of Hon Hai Precision Industry (HHPD.L), d/b/a Foxconn, will buy 239,050,141 shares of system integration specialist Maxnerva Technology Services for HK$152.4 million and launch a mandatory tender offer for the remaining shares. The Taiwanese semiconductor manufacturer's subsidiary, Foxconn (Far East), will pay HK$0.6374 apiece to FSK Holdings and FDG Fund, raising its interest in Maxnerva to 40.46%, according to a Monday release. The mandatory unconditional general offer is expected to be completed by early 2027, pending the closing of the additional share purchase and regulatory approvals.