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Merger involves Mainland China Subsidiaries

29 Apr 2020 11:52

RNS Number : 3357L
Hon Hai Precision Industry Co Ld
29 April 2020
 

Subject:Merger involves Mainland China Subsidiaries

Date of events:2020/04/29

Contents:

1.Type of merger/acquisition (e.g.merger, consolidation, spin-off, acquisition, or receiving assignment of shares):Merger

2.Date of occurrence of the event:2020/04/29

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):

HongFuJin Precision Electronics (ZhengZhou) Co., LTD. merged with

100% subsidiary,Zhengzhou Fulianwang electronic technology Co., LTD.

4.Counterparty (e.g.name of the other company participating in the merger or consolidation, company taking assignment of the spin-off, or counterpartyto the acquisition or assignment of shares):

Extended company:HongFuJin Precision Electronics (ZhengZhou) Co., LTD.

Annihilation company:Zhengzhou Fulianwang electronic technology Co., LTD.

5.Relationship between the counterparty and the Company (investee company in which the Company has re-invested and has shareholding of XX%), and explanation of the reasons for the decision to acquire, or take assignment of the shares of, an affiliated enterprise or related person, and whether it will affect shareholders' equity:

Zhengzhou Fulianwang electronic technology Co., LTD. are HongFuJin Precision

Electronics (ZhengZhou) Co., LTD. 100% owned subsidiaries no effect on equity.

6.Purpose/objective of the merger/acquisition:

Integrate internal resources

7.Anticipated benefits of the merger/acquisition:RMB 907,000,000

8.Scheduled timetable for consummation:2020/06/30

9.Matters related to assumption by the existing company or new company of rights and obligations of the extinguished (or spun-off) company:

HongFuJin Precision Electronics (ZhengZhou) Co., LTD. entity will assume

all Zhengzhou Fulianwang electronic technology Co., LTD. asset and liability.

10.Basic information of companies participating in the merger:

HongFuJin Precision Electronics (ZhengZhou) Co., LTD.:

Production and Operation of Third-Generation and Subsequent Generations of

Mobile Communication Systems and Mobile Phones, Core Network Equipment And

Network Detection Equipment and Components, New Electronic Components,

Digital Audio-Visual Decoding Equipment and Components.

Zhengzhou Fulianwang electronic technology Co., LTD.:

Sales of New Electronic Components, Electronic Products, Digital Products,

Computer Hardware and Software and Supporting Equipment, Network Equipment,

Home Appliances.

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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