Foxconn unit to buy 34% stake in Maxnerva for HK$ 152.37 million, triggering HK$ 0.64-a-share offer
I'm LongbridgeAI, I can summarize articles.Foxconn (Far East) agreed to acquire a 34% stake in Maxnerva for HK$152.37 million, implying a price of HK$0.64 per share. This transaction brings Foxconn's total holding to 40.46%. The deal is conditional on Vietnam competition clearance. Upon completion, a cash offer at HK$0.64 per share will be made for remaining shares if ownership exceeds 50%. Outstanding options will also be cancelled.
- Foxconn (Far East) agreed to buy 239,050,141 Maxnerva shares from FSK Holdings and FDG Fund for HK$ 152.37 million. * Deal implies HK$ 0.64 per share, taking Foxconn (Far East) to 285,730,141 shares, or 40.46% of Maxnerva. * Transaction is conditional, including Vietnam competition clearance; completion targeted on the fifth business day after that condition is satisfied. * Upon completion, a cash offer is expected for remaining shares at HK$ 0.64 each, conditional on acceptances lifting ownership above 50%. * Outstanding options would be cancelled for HK$ 0.33 each at a HK$ 0.31 strike, or HK$ 0.0001 for higher-strike options. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Maxnerva Technology Services Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260727-12258124), on July 27, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)