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Pin to quick picksHon Hai Precsn Regulatory News (HHPD)

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Subsidiary obtain & disposal of land use rights

28 Jan 2019 07:00

RNS Number : 1992O
Hon Hai Precision Industry Co Ld
26 January 2019
 

No.1

Subject:Subsidiary Fugiang Co., LTD. obtain of land use rights

Date of events:2019/01/25

Contents:

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

Land use rights of land lots at CN-06, CN-08, CN-09, Van Trung Industrial Park, Van Trung Commune, Viet Yen District,Bac Giang Province

2.Date of the occurrence of the event:2019/01/25

3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), unit price, total transaction price:

Transaction volume:251,974.47

Unit price:182,041.22 at about USD67.5/ each ;

69,933.25 at about USD60/ each

Total transaction price:USD16,483,778

4.Counterparty to the trade and its relationship with the company (if the trading counterpart is a natural person and is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):

FUHUA CO., LTD.;None

5.Where the counterpart to the trade is an actual related party, a public announcement shall also include the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer and the date of acquisition:Na

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

Negotiation;Market price;Board of director

7.Name of the professional appraisal institution and its appraisal amount:

Professional appraisal institution:IVC VIETNAM VALUATION CORPORATION

Appraisal price:VND393,947,717,000

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

Business for sale

 

 

No.2

Subject: Subsidiary Fugiang CO., LTD. disposal of land use rights

Date of events:2019/01/25

Contents:

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

Land use rights of land lots at CN-06, CN-08, CN-09, CN-15 Van Trung Industrial Park, Van Trung Commune, Viet Yen District,Bac Giang Province

2.Date of the occurrence of the event:2019/01/25

3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), unit price, total transaction price:

Transaction volume:254,709.97

Unit price: Unit price:182,041.22 at about USD67.5/ each ;

72,668.75 at about USD60/ each

Total transaction price:USD16,647,908

4.Counterparty to the trade and its relationship with the company (if the trading counterpart is a natural person and is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):

NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO., LTD.;

Connection company

5.Where the counterpart to the trade is an actual related party, a public announcement shall also include the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer and the date of acquisition:

The reason for choosing:Operating for sale

(1)The identity of the previous owner:FUHUA CO., LTD.

Relationship with the company and the trading counterpart:None

The date of acquisition:2019/01/25

Price of transfer of acquisition:USD16,483,778

(2)The identity of the previous owner:BAC GIANG INDUSTRIAL ZONES

AUTHORITY

Relationship with the company and the trading counterpart:None

The date of acquisition:2008/01/25

Price of transfer of acquisition:USD144,434

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

Negotiation;Market price;Board of director

7.Name of the professional appraisal institution and its appraisal amount:

Professional appraisal institution:IVC VIETNAM VALUATION CORPORATION

Appraisal price:VND393,947,717,000

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

Operating for sale

 

No.3

Subject: Subsidiary NEW WING INTERCONNECT TECHNOLOGY (BAC GIANG) CO., LTD. obtain of land use rights

Date of events:2019/01/25

Contents:

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

Land use rights of land lots at CN-06, CN-08, CN-09, CN-15 Van Trung Industrial Park, Van Trung Commune, Viet Yen District,Bac Giang Province

2.Date of the occurrence of the event:2019/01/25

3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), unit price, total transaction price:

Transaction volume:254,709.97

Unit price: Unit price:182,041.22 at about USD67.5/ each ;

72,668.75 at about USD60/ each

Total transaction price:USD16,647,908

4.Counterparty to the trade and its relationship with the company (if the trading counterpart is a natural person and is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):

Fugiang CO., LTD.;Connection company

5.Where the counterpart to the trade is an actual related party, a public announcement shall also include the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer and the date of acquisition:

The reason for choosing: Operation requirement

Related party as trading counterpart and the identity of the previous owner:Na

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

Negotiation;Market price;Board of director

7.Name of the professional appraisal institution and its appraisal amount:

Professional appraisal institution:IVC VIETNAM VALUATION CORPORATION

Appraisal price:VND393,947,717,000

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

Operation requirement

 

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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