Hon Hai Precision Industry Co., Ltd., commonly known as Foxconn, has made a significant move to fortify its supply chain logistics by investing a substantial 3.863 billion yuan (around NT$17.203 billion) in acquiring equity from as many as 15 companies, including those backed by Chinese capital. This strategic decision targets the equity of its subsidiary, JUSDA International Supply Chain Management Co., Ltd., leading to Hon Hai Group’s complete ownership and elevating its stake in JUSDA to a full 100%.
This acquisition spree encompasses a diverse array of companies, including major names such as China Life Insurance Co., Ltd., and Xiamen Qiyueshi Equity Investment Partnership, among others, reflecting a broad-based approach to strengthening its supply chain capabilities. Post-acquisition, the share distribution within Foxconn Technology Group sees significant shifts, with notable percentages being held across various group entities, indicating a consolidated effort to leverage JUSDA’s logistics and supply chain management prowess.
JUSDA, a platform service company under the Foxconn umbrella, specializes in technology-driven supply chain logistics, facilitating comprehensive integration from raw materials to end-consumer delivery. Its global operations, spanning over 3,000 3C component manufacturers and serving more than 1,000 renowned brands, underscore its pivotal role in Foxconn’s strategy to dominate the supply chain logistics sphere. The acquisition is eyed by industry observers as a calculated step towards potentially listing JUSDA on the Hong Kong Stock Exchange, a move that Foxconn has not yet confirmed but which has already stirred market interest due to the subsidiary’s critical role and extensive partnerships.
