Last checked at 21 Sep 2018 07:00
Subject: Close of The Foxconn Interconnect Technology Limited to acquisition of Belkin International, Inc. by way of merge
Date of events:2018/09/20
Contents:
1.Kind of merger/acquisition (e.g.merger, consolidation, spin-off
,acquisition, or receiving assignment of shares):acquisition
2.Date of occurrence of the event:2018/09/20
3.Names of companies participating in the merger (e.g.name of the
other company participating in the merger or consolidation, newly
established company in a spin-off, acquired company, or company
whose shares are taken assignment of):
Foxconn Interconnect Technology Limited
4.Counterparty (e.g.name of the other company participating in
the merger or consolidation, company taking assignment of the
spin-off, or counterparty to the acquisition or assignment of shares):
Belkin International, Inc.
5.Purpose/objective of the merger/acquisitionation:
Transformation and Industrial Integration
6.Anticipated benefits of the merger/acquisition:
Transformation and industrial integration through acquisition, and
obtaining talents, technological know-how, markets, and a reasonable
price in the long run, thereby increase the value for shareholders.
7.Effect of the merger or consolidation on net worth per share and
earnings per share:
After the acquisition, through integration of resources and expansion
of operational scale, a strategic benefit is expected to bring positive
effect to the book value and earnings per share in future.
8.Scheduled timetable for consummation:2018
9.Matters related to assumption by the existing company or new
company of rights and obligations of the extinguished (or spun-off)
company:Na
10.Basic information of companies participating in the merger:
Belkin International, Inc. is established in 1983, and its headquartered
in Playa Vista, California, mainly focuses on consumer electronics, smart
home technology, wireless communication products, charging or power supply products and accessories for smart phones and tablets.
11.Do the directors have any objection to the present transaction?:
The acquisition is closed on September 20, 2018 pursuant to the Merger Agreement , through the acquisition of 100% ownership of Belkin International, Inc. and its affiliates.