Hon Hai and Dongyuan Electric Motor announced a stock swap strategic alliance, focusing on AI server business
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Hon Hai Precision Industry Co., Ltd. and Dongyuan Electric Machinery will establish a strategic alliance through a share swap. According to the share swap plan, Hon Hai will hold 10% of Dongyuan Electric Machinery's shares, while Dongyuan Electric Machinery will hold approximately 0.519% of Hon Hai's shares. This share exchange will be conducted through the issuance of new shares. The alliance established by both parties will focus on the AI server business
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