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Subsidiary obtaining E-Solution Enterprises shares

23 Jan 2019 10:42

RNS Number : 8957N
Hon Hai Precision Industry Co Ld
23 January 2019
 

Subject: Subsidiary Foxconn (Far East) Limited obtaining E-Solution Enterprises Limited shares

Date of events: 2019/01/23

Contents:

1.Name and nature of the subject matter (if preferred shares,

 the terms and conditions of issuance shall also be indicated,

 e.g.dividend yield):

E-Solution Enterprises Limited common shares

2.Date of occurrence of the event: 2019/01/23~2019/01/23

3.Volume, unit price, and total monetary amount of the transaction:

25,726,818 shares at about USD$0.737 each;Total amount equals USD$18,960,988.92

4.Counterpart to the trade and its relationship to the Company

(if the trading counterpart is a natural person and furthermore

is not an actual related party of the Company, the name of the

trading counterpart is not required to be disclosed):

Printout Technology LimitedNone

5.The manner in which the current transaction was decided, the

reference basis for the decision on price, and the decision-making

department: Negotiation;Assessment price:

Book value;Board of Directors

6.Current cumulative volume, amount, and shareholding percentage

of holdings of the security being traded (including the current

trade) and status of any restriction of rights (e.g.pledges):

25,726,818 sharesUSD18,960,988.92approximately 100%restriction of rights:None

7.Current ratio of long or short term securities investment

(including the current trade) to the total assets and shareholder's

equity as shown in the most recent financial statement and the

operating capital as shown in the most recent financial statement:

Ratio to total assets:10.27%, ratio to shareholder's equity:29.18%

Operating Capital:NTD-49,014,668,000

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

Long Term Investment

 

 

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.
 
END
 
 
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