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Pin to quick picksHon Hai Precsn Regulatory News (HHPD)

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Subsidiary obtaining Nanjing Hongfusharp Shares

23 Sep 2020 10:46

RNS Number : 8820Z
Hon Hai Precision Industry Co Ld
23 September 2020
 

No:1

Subject:Subsidiary, HongZhun Precision Tooling (KunShan) Co., Ltd. obtaining Nanjing Hongfusharp Precision Electronics Co., Ltd. Shares

Date of events:2020/09/23

Contents:

1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):

Nanjing Hongfusharp Precision Electronics Co.,Ltd. Shares

2.Date of occurrence of the event:2020/09/23

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

Debt-equity swap:RMB270,000,000

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):

Nanjing Hongfusharp Precision Electronics Co.,Ltd.; affiliate company

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:Debt-equity swap;Na

6.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:Board of director

7.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment:

Competition Optical Technology Limited

Cumulative monetary amount held:USD170,000,000

Shareholding percentage:28.43%

Restriction of rights:None

HongFuJin Precision Electrons (YanTai) Co., Ltd.

Cumulative monetary amount held:RMB198,000,000

Shareholding percentage:4.80%

Restriction of rights:None

FuXiang Precision Industrial (KunShan) Co., Ltd.

Cumulative monetary amount held:RMB590,000,000

Shareholding percentage:14.36%

Restriction of rights:None

HongZhun Precision Tooling (KunShan) Co., Ltd.

Cumulative monetary amount held:RMB1,470,000,000

Shareholding percentage:35.58%

Restriction of rights:None

FuDing Electronic Technology (JiaShan) Co., Ltd.

Cumulative monetary amount held:RMB700,000,000

Shareholding percentage:16.83%

Restriction of rights:None

8.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present:

Ratio to total assets:0.2077%;

Ratio to owners'equity:0.5378%;

Operating Capital:NTD-104,738,702,000

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

Long Term Investment

10.Whether the counterparty of the current transaction is a related party:Yes

11.Date of the board of directors resolution:2020/09/23

12.Date of ratification by supervisors or approval by the Audit Committee:2020/09/23

13.Whether the CPA issued an unreasonable opinion regarding the current transaction:No

14.Name of the CPA firm:Shanghai Liyong Certified Public Accountants'Firm

15.Name of the CPA:Wang Yuying

16.Practice certificate number of the CPA:410700020006

17.Details on transactions with the counterparty for the past year and the expected coming year:

Debt-equity swap RMB1,200,000,000 on 2019.12.16

18.Source of funds:Debt-equity swap

 

No:2

Subject:Subsidiary, FuDing Electronic Technology (JiaShan) Co., Ltd. obtaining Nanjing Hongfusharp Precision Electronics Co., Ltd. Shares

Date of events:2020/09/23

Contents:

1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):Nanjing Hongfusharp Precision Electronics Co.,Ltd. Shares

2.Date of occurrence of the event:2020/09/23

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

Debt-equity swap:RMB300,000,000

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):

Nanjing Hongfusharp Precision Electronics Co.,Ltd.; affiliate company

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:Debt-equity swap;Na

6.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:

Board of director

7.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment:

Competition Optical Technology Limited

Cumulative monetary amount held:USD170,000,000

Shareholding percentage:28.43%

Restriction of rights:None

HongFuJin Precision Electrons (YanTai) Co., Ltd.

Cumulative monetary amount held:RMB198,000,000

Shareholding percentage:4.80%

Restriction of rights:None

FuXiang Precision Industrial (KunShan) Co., Ltd.

Cumulative monetary amount held:RMB590,000,000

Shareholding percentage:14.36%

Restriction of rights:None

HongZhun Precision Tooling (KunShan) Co., Ltd.

Cumulative monetary amount held:RMB1,470,000,000

Shareholding percentage:35.58%

Restriction of rights:None

FuDing Electronic Technology (JiaShan) Co., Ltd.

Cumulative monetary amount held:RMB700,000,000

Shareholding percentage:16.83%

Restriction of rights:None

8.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present:

Ratio to total assets:0.2485%;

Ratio to owners'equity:0.6434%;

Operating Capital:NTD-104,738,702,000

9.Concrete purpose or use of the acquisition or disposal:Long Term Investment

10.Whether the counterparty of the current transaction is a related party:Yes

11.Date of the board of directors resolution:2020/09/23

12.Date of ratification by supervisors or approval by the Audit Committee:2020/09/23

13.Whether the CPA issued an unreasonable opinion regarding the current transaction:No

14.Name of the CPA firm:Kunshan Zhongyu Certified Public Accountants (GP)

15.Name of the CPA:Zhu Feisheng

16.Practice certificate number of the CPA:320503040003

17.Details on transactions with the counterparty for the past year and the expected coming year:

Debt-equity swap RMB400,000,000 on 2019.12.16

18.Source of funds:Debt-equity swap

 

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