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Subsidiary obtaining MORAN COGNITIVE shares

21 Aug 2018 10:57

RNS Number : 4390Y
Hon Hai Precision Industry Co Ld
21 August 2018
 

No.1

Subject: Subsidiary Foxconn(Far East) Limited-Cayman obtaining Fu Lian Net International Ecommerce Limited shares

Date of events: 2018/08/21

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):

Fu Lian Net International Ecommerce Ltd.-Cayman shares

2.Date of occurrence of the event: 2018/08/21~2018/08/21

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

10,000,000 shares at USD$1 each;total amount equals USD$10,000,000

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):

Fu Lian Net International Ecommerce Ltd.-Cayman

parent and subsidiary companies

5.Where the counterpart to the trade is an actual related party,

a public announcement shall also be made of 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 date of acquisition:

Subsidiary to Capital Increased by Cash

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

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

department: Follow company procurement authorization guideline and Board of Directors

7.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):

17,352,500 sharesUSD$17,352,500100%None

8.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:9.96%, to shareholder's equity:29.18%

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

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

Long Term Investment

 

 

No.2

Subject: Subsidiary Fu Lian Net International Ecommerce Limited obtaining Fu Lian Net International (Hong Kong) Limited shares

Date of events: 2018/08/21

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):

Fu Lian Net International (Hong Kong) Limited shares

2.Date of occurrence of the event: 2018/08/21~2018/08/21

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

10,000,000 shares at USD$1 each;total amount equals USD$10,000,000

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):

Fu Lian Net International (Hong Kong) Limited

parent and subsidiary companies

5.Where the counterpart to the trade is an actual related party,

a public announcement shall also be made of 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 date of acquisition:

Subsidiary to Capital Increased by Cash

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

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

department:Board of Directors

7.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):

17,352,500 sharesUSD$17,352,500100%None

8.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:0.016%, to shareholder's equity:0.047%

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

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

Long Term Investment

 

 

 

No.3

Subject: Subsidiary Fu Lian Net International (Hong Kong) Limited obtaining MORAN COGNITIVE TECHNOLOGY (CAYMAN) LIMITED shares

Date of events: 2018/08/21

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):

MORAN COGNITIVE TECHNOLOGY (CAYMAN) LIMITED preference shares

2.Date of occurrence of the event: 2018/08/21~2018/08/21

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

16,993,007 shares at about USD$0.5885 each;total amount equals USD$10,000,000

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):

MORAN COGNITIVE TECHNOLOGY (CAYMAN) LIMITEDNone

5.Where the counterpart to the trade is an actual related party,

a public announcement shall also be made of 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 date of acquisition:

Subsidiary to Capital Increased by Cash

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

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

department:Board of Directors

7.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):

16,993,007 sharesUSD$10,000,00012%None

8.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:0.0093%, to shareholder's equity:0.027%

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

9.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.
 
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