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Pin to quick picksHon Hai Precsn Regulatory News (HHPD)

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Company announces indirect PRC investment

13 Dec 2017 12:59

RNS Number : 2536Z
Hon Hai Precision Industry Co Ld
13 December 2017
 

Subject: Company announces indirect PRC investment

Date of occurrence of the event:2017/12/13

No.1

Contents:

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

The Company invests in FIH ELECTRONICS TECHNOLOGY (NANJING)

CO., LTD. via increasing investment in FOXCONN (FAR EAST) LIMITED

-CAYMAN that invests in FIH Mobile LIMITED,one of the Company's

overseas subsidiary being 62.78%-owned indirectly that invests

in Execustar International Limited.

2.Transaction volume, price per unit, and total monetary

amount of the transaction: USD250,000,000

3.Company name of the invested mainland Chinese company:

FIH ELECTRONICS TECHNOLOGY (NANJING) CO., LTD.

4.Main business items of said invested mainland Chines company:

Manufacturing and processing of mobile communications equipment (handsets) and its components and the related modules, fixtures/jigs and gauges

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

6.Concrete purpose of the acquisition or disposal:

Long Term Investment

 

No.2

Contents:

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

The Company invests in FIH (NANJING) INTELLIGENT TECHNOLOGY

CO., LTD. via increasing investment in FOXCONN (FAR EAST) LIMITED

-CAYMAN that invests in FIH Mobile LIMITED,one of the Company's

overseas subsidiary being 62.78%-owned indirectly that invests

in Execustar International Limited.

2.Transaction volume, price per unit, and total monetary

amount of the transaction: USD120,000,000

3.Company name of the invested mainland Chinese company:

FIH (NANJING) INTELLIGENT TECHNOLOGY CO., LTD.

4.Main business items of said invested mainland Chines company:

Development, testing, system integration and provision of application services and related technological services for handset-related software and hardware.

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

6.Concrete purpose of the acquisition or disposal:

Long Term Investment

 

No.3

Contents:

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

The Company invests in POLIGHT TECHNOLOGY (SHENZHEN) CO. LIMITED via increasing investment in Foxconn (Far East) Limited-Cayman,one of the Company's subsidiary, that invests in Foxconn (Far East) Limited-HK that invests in Fullertain Information Technologies Limited

2.Transaction volume, price per unit, and total monetary

amount of the transaction: USD50,000,000

3.Company name of the invested mainland Chinese company:

POLIGHT TECHNOLOGY (SHENZHEN) CO. LIMITED

4.Main business items of said invested mainland Chines company:

New electronic components,Photovoltaic devices,sensing element and sensor

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

6.Concrete purpose of the acquisition or disposal:

Long Term Investment

 

No.4

Contents:

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

The Company invests in FU SHENG OPTOELECTRONICS TECHNOLOGY (KUNSHAN) CO. LTD. via increasing investment in FOXCONN (FAR EAST) LIMITED-CAYMAN that invests in Foxconn Interconnect Technology Ltd.,one of the Company's overseas subsidiary being 76.92%-owned indirectly that invests in Foxconn Optical Interconnect Technologies Singapore Pte.

2.Transaction volume, price per unit, and total monetary

amount of the transaction: USD15,000,000

3.Company name of the invested mainland Chinese company:

FU SHENG OPTOELECTRONICS TECHNOLOGY (KUNSHAN) CO. LTD.

4.Main business items of said invested mainland Chines company:

Optical module, high-speed connector and cable, charging system for new energy vehicle

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

6.Concrete purpose of the acquisition or disposal:

Long Term Investment

 

 

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