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Pin to quick picksHon Hai Precsn Regulatory News (HHPD)

Share Price Information for Hon Hai Precsn (HHPD)

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Behalf of subsidiary, FIT for acquiring equipments

25 Aug 2015 09:19

RNS Number : 9889W
Hon Hai Precision Industry Co Ld
25 August 2015
 

Subject: Announcement on behalf of subsidiary, Foxconn Interconnect Technology Limited for acquiring equipments

Date of events:2015/08/25

Contents:

1.Name and nature of the subject matter (e.g.land located at Sublot XX, Lot XX, North District, Taichung City): Equipments

2.Date of the occurrence of the event:2015/08/25~2015/08/25

3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), unit price, total transaction price:

Transaction volume: a batch of equipments;

Total transaction amount: approximately US$60 million; the final transaction amount will be determined by the transaction contract.

4.Counterparty to the trade and its relationship with the company (if the trading counterpart is a natural person and is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):

AVAGO TECHNOLOGIES WIRELESS (U.S.A.) MANUFACTURING INC./ Not a related party

5.Terms of delivery or payment (including payment period and monetary amount):

This transaction will be closed upon conditions precedent provided in the transaction contracts are fulfilled, and will be in compliance with applicable antitrust laws.

6.The manner of deciding on this transaction (such as tender invitation, price comparison, or price negotiation), the reference basis for the decision on price and the decision-making department:

Manner of deciding this transaction: price negotiation;

Reference basis for the decision on price: the price negotiated with counterparty by good faith negotiation based on current market conditions;

Decision-making department: board of directors

7.Concrete purpose or use of the acquisition or disposition:

Operation and production.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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