Last checked at 27 Mar 2018 12:09
Subject: Subsidiary Foxconn Interconnect Technology Limited announced board has approved merger with Belkin International, Inc.
Statement
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:2018/03/26
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.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.