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Hon Hai Precision Ind. Co Ltd to buy stock of subsidiary

Wednesday, 14 May 2014 08:10am EDT 

Hon Hai Precision Ind. Co Ltd:To buy 394 million shares of its subsidiary AMBIT MICROSYSTEMS CORPORATION, at a price of T$10 per share, amount T$3.94 billion.To hold 994 million shares (a 99.4 pct stake) of AMBIT MICROSYSTEMS CORPORATION after purchase.