FIT Hon Teng renews key transactions with controlling shareholder Hon Hai Group
The renewals include eight framework agreements covering sales, purchases, molding parts, logistics, general services, property leasing, pensions payment, and equipment purchases. The Framework Sales Agreement is projected with an annual cap of $636 million for 2026. This reflects expected growth in the Group's products and businesses, along with a 10% buffer for external uncertainties. Historically, sales transactions with Hon Hai Group were $493 million in 2022, $413 million in 2023, $451 million in 2024, and $373 million for the first nine months of 2025.
The Framework Purchase Agreement has a proposed annual cap of $535 million for 2026, based on similar growth projections and a buffer. Past purchase transactions were $269 million in 2022, $286 million in 2023, $330 million in 2024, and $285 million for the first nine months of 2025. Other agreements, including molding parts ($25 million cap), logistics ($21 million cap), general services ($8.5 million cap), property leasing ($5.3 million cap), pensions payment ($8.5 million cap), and equipment purchase ($6.5 million cap), were also renewed.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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