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Subsidiary acquisition right-of-use assets of land

14 Feb 2023 09:28

RNS Number : 8740P
Hon Hai Precision Industry Co Ld
14 February 2023
 

Subject: Subsidiary, Fulian Precision Technology Component Co., Limited acquisition right-of-use assets of land

Contents:

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

Right-of-use assets of land at Lot CN1, Quang Chau IP, Quang Chau commune, Viet Yen District, Bac Giang Province, Vietnam

2.Date of occurrence of the event:2023/02/14

3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:

Transaction unit amount:451,119 square meters, equivalent to 136,463 ping

price per unit:VND 3,272,755/ping

total transaction price:VND 1,476,401,962,845

4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):SAIGON - BACGIANG INDUSTRIAL PARK CORPORATION; None

5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer: NA

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction: NA

7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):NA

8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:

Lease period: From the date of handing over the land use right to February 5, 2057; when the lease expires, there is priority leasehold

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

Negotiated ; market price ; Board of director

10.Name of the professional appraisal firm or company and its appraisal price:

CENTURY VALUATION JOINT STOCK COMPANY-BRANCH IN HANOIVND1,353,357,000,000

THUONG TIN APPRAISAL JOINT STOCK COMPANYVND1,241,188,967,364

11.Name of the professional appraiser:

CENTURY VALUATION JOINT STOCK COMPANY-BRANCH IN HANOINGUYEN VAN PHONGVAN HONG SON

THUONG TIN APPRAISAL JOINT STOCK COMPANYTRAN VO LE THANHNGUYEN HOANG HUNG

12.Practice certificate number of the professional appraiser:

NGUYEN VAN PHONG/XIII18.2025

VAN HONG SON/XI16.1593

TRAN VO LE THANH/XIV19.2313

NGUYEN HOANG HUNG/IV06183

13.The appraisal report has a limited price, specific price, or special price: NA

14.An appraisal report has not yet been obtained: NA

15.Reason for an appraisal report not being obtained: NA

16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA

17.Name of the CPA firm: NA

18.Name of the CPA:NA

19.Practice certificate number of the CPA:NA

20.Broker and broker's fee: None

21.Concrete purpose or use of the acquisition or disposal:

operational needs and expand production capacity

22.Any dissenting opinions of directors to the present transaction: None

23.Whether the counterparty of the current transaction is a related party: No

24.Date of the board of directors resolution: NA

25.Date of ratification by supervisors or approval by the audit committee: NA

26.The transaction is to acquire a real property or right-of-use asset from a related party: No

27.The price assessed in accordance with the Article 16 of the

Regulations Governing the Acquisition and Disposal of Assets by Public Companies: NA

28.Where the above assessed price is lower than the transaction price, the price assessed in accordance with the Article 17 of the same regulations: NA

29.Any other matters that need to be specified: None

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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