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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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Company announces indirect PRC investment

19 Jun 2020 11:36

RNS Number : 5229Q
Hon Hai Precision Industry Co Ld
19 June 2020
 

Subject:Company announces indirect PRC investment

Date of events:2020/06/19

Contents:

1.Date of occurrence of the event:2020/06/19

2.Method of the present increase (decrease) in investment:

Foxconn (KunShan) Computer Connector Co., LTD. distribution of retained earnings from 2009 to 2019

3.Transaction volume, price per unit, and total monetary amount of the transaction:

USD 200,000,000

4.Company name of the invested mainland Chinese company:

Foxconn (KunShan) Computer Connector Co., LTD.

5.Paid-in capital of said invested mainland Chinese company:

USD 44,600,000

6.Amount of new capital increment currently planned by said invested mainland Chinese company:

USD 200,000,000

7.Main business items of said invested mainland Chinese company:

Connectors, Cable Components

8.Type of CPA opinion issued for the financial statement of said invested mainland Chinese company for the most recent fiscal year:Unqualified opinion

9.Total equity of said invested mainland Chinese company on the financial statement for the most recent fiscal year:

RMB 2,385,815,085.98

10.Amount of profit/loss of said invested mainland Chinese company on the financial statement for the most recent fiscal year:RMB 283,399,661.45

11.Amount of actual investment to date in said invested mainland Chinese company:USD 44,600,000

12.Counterparty to the transaction and its relationship to the Company:

The distribution of retained earnings; Na

13.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department:

The decision-making department:Board of Directors

14.Concrete purpose of the acquisition or disposal:

Long Term Investment

15.Total amount of mainland China area investment (including the present investment) approved by the Investment Commission to date:USD 11,918,482,746.62

16.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the paid-in capital on the financial statement for the most recent period:256.80%

17.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the total assets on the financial statement for the most recent period:11.75%

18.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the shareholders'equity on the financial statement for the most recent period:29.37%

19.Total amount of actual investment in the mainland China area to date:USD 10,606,656,342.67

20.Ratio of the total amount of actual investment in the mainland China area to date to the paid-in capital on the financial statement for the most recent period:228.54%

21.Ratio of the total amount of actual investment in the mainland China area to date to the total assets on the financial statement for the most recent period:10.46%

22.Ratio of the total amount of actual investment in the mainland China area to date to the shareholders' equity on the financial statement for the most recent period:26.14%

23.Amount of recognized profits and losses on investment in the mainland China area for the most recent three fiscal years:

2017: NT$ 63,448,344,000;

2018: NT$ 114,769,307,000;

2019: NT$ 105,832,857,000;

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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