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Pin to quick picksHon Hai Precsn Regulatory News (HHPD)

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Subsidiary obtaining shares

1 Mar 2024 13:31

RNS Number : 3110F
Hon Hai Precision Industry Co Ld
01 March 2024
 

No:1

Subject: Subsidiary Foxconn (Far East) Limited obtaining Foxteq Holdings Inc. shares

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.):Foxteq Holdings Inc.?common stock

2.Date of occurrence of the event:2024/03/01

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

619,000,000 shares at USD 0.1 each per ;

Total amount equals USD 61,900,000

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):Cash investment is not applied;parent and subsidiary companies

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:Cash increase;Na

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:Na

7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):Na

8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):Na

9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:None

10.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

11.Net worth per share of the Company's underlying securities acquired or disposed of:Na

12.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:

Cumulative no.of shares held: 21,637,071,028 share

Cumulative monetary amount held:USD 2,163,707,103.55

Shareholding percentage:100%

Restriction of rights: None

13.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:11.1560%;

Ratio to owners'equity:28.5002%;

Operating Capital:NTD-183,067,522,000

14.Broker and broker's fee:None

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

16.Any dissenting opinions of directors to the present transaction:None

17.Whether the counterparty of the current transaction is a related party:YES

18.Date of the board of directors resolution:2024/03/01

19.Date of ratification by supervisors or approval by the Audit Committee:NA

20.Whether the CPA issued an unreasonable opinion regarding the current transaction:Na

21.Name of the CPA firm:Na

22.Name of the CPA:Na

23.Practice certificate number of the CPA:Na

24.Whether the transaction involved in change of business model:No

25.Details on change of business model:Na

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

27.Source of funds:private capital

28.Any other matters that need to be specified:None

 

 

No:2

Subject: Subsidiary Foxteq Holdings Inc. obtaining Foxteq Integration Inc. shares

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.):Foxteq Integration Inc.?common stock

2.Date of occurrence of the event:2024/03/01

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

619,000,000 shares at USD 0.1 each per ;

Total amount equals USD 61,900,000

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):Cash investment is not applied;parent and subsidiary companies

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:Cash increase;Na

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:Na

7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):Na

8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):Na

9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:None

10.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

11.Net worth per share of the Company's underlying securities acquired or disposed of:Na

12.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:

Cumulative no.of shares held: 12,418,665,997 share

Cumulative monetary amount held:USD 1,241,866,599.93

Shareholding percentage:100%

Restriction of rights: None

13.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:1.0995%;

Ratio to owners'equity:2.8088%;

Operating Capital:NTD-183,067,522,000

14.Broker and broker's fee:None

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

16.Any dissenting opinions of directors to the present transaction:None

17.Whether the counterparty of the current transaction is a related party:YES

18.Date of the board of directors resolution:2024/03/01

19.Date of ratification by supervisors or approval by the Audit Committee:NA

20.Whether the CPA issued an unreasonable opinion regarding the current transaction:Na

21.Name of the CPA firm:Na

22.Name of the CPA:Na

23.Practice certificate number of the CPA:Na

24.Whether the transaction involved in change of business model:No

25.Details on change of business model:Na

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

27.Source of funds:private capital

28.Any other matters that need to be specified:None

 

 

No:3

Subject: Subsidiary Foxteq Integration Inc. obtaining PCE Paragon Solutions Kft. shares

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.):PCE Paragon Solutions Kft.?common stock

2.Date of occurrence of the event:2024/03/01

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

100,000 shares at USD 619 each per ;

Total amount equals USD 61,900,000

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):Cash investment is not applied;parent and subsidiary companies

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:Cash increase;Na

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:Na

7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):Na

8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):Na

9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:None

10.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

11.Net worth per share of the Company's underlying securities acquired or disposed of:Na

12.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:

Cumulative no.of shares held:150,596,424 share

Cumulative monetary amount held:USD 1,184,873,637.71

Shareholding percentage:100%

Restriction of rights: None

13.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:1.0490%;

Ratio to owners'equity:2.6799%;

Operating Capital:NTD-183,067,522,000

14.Broker and broker's fee:None

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

16.Any dissenting opinions of directors to the present transaction:None

17.Whether the counterparty of the current transaction is a related party:YES

18.Date of the board of directors resolution:2024/03/01

19.Date of ratification by supervisors or approval by the Audit Committee:NA

20.Whether the CPA issued an unreasonable opinion regarding the current transaction:Na

21.Name of the CPA firm:Na

22.Name of the CPA:Na

23.Practice certificate number of the CPA:Na

24.Whether the transaction involved in change of business model:No

25.Details on change of business model:Na

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

27.Source of funds:private capital

28.Any other matters that need to be specified:None

 

 

No:4

Subject: Subsidiary PCE Paragon Solutions Kft. obtaining Foxconn EV Technology Inc. shares

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.):Foxconn EV Technology Inc.?common stock

2.Date of occurrence of the event:2024/02/21~2024/03/01

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

16,725 shares at USD 4,000 each per ;

Total amount equals USD 66,900,000

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):Cash investment is not applied;parent and subsidiary companies

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:Cash increase;Na

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:Na

7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):Na

8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):Na

9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:None

10.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

11.Net worth per share of the Company's underlying securities acquired or disposed of:Na

12.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:

PCE Paragon Solutions Kft.:

Cumulative no.of shares held?79,900 shares

Cumulative monetary amount held?USD 319,600,000

Shareholding percentage?75.271%

Restriction of rights?None

Foxconn Asset Management LLC:

Cumulative no.of shares held?13,000 shares

Cumulative monetary amount held?

Shareholding percentage?12.247%

Restriction of rights?None

Foxconn eMS, Inc.:

Cumulative no.of shares held?6,250 shares

Cumulative monetary amount held?USD 25,000,000

Shareholding percentage?5.888%

Restriction of rights?None

Wexteq Corporation:

Cumulative no.of shares held?3,500 shares

Cumulative monetary amount held?USD 14,000,000

Shareholding percentage?3.297%

Restriction of rights?None

eCMM Services Inc.:

Cumulative no.of shares held?2,000 shares

Cumulative monetary amount held?USD 8,000,000

Shareholding percentage?1.884%

Restriction of rights?None

Foxconn Corporation:

Cumulative no.of shares held?1,500 shares

Cumulative monetary amount held?USD 6,000,000

Shareholding percentage?1.413%

Restriction of rights?None

13.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:0.2830%;

Ratio to owners'equity:0.7229%;

Operating Capital:NTD-183,067,522,000

14.Broker and broker's fee:None

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

16.Any dissenting opinions of directors to the present transaction:None

17.Whether the counterparty of the current transaction is a related party:YES

18.Date of the board of directors resolution:2024/03/01

19.Date of ratification by supervisors or approval by the Audit Committee:NA

20.Whether the CPA issued an unreasonable opinion regarding the current transaction:Na

21.Name of the CPA firm:Na

22.Name of the CPA:Na

23.Practice certificate number of the CPA:Na

24.Whether the transaction involved in change of business model:No

25.Details on change of business model:Na

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

27.Source of funds:private capital

28.Any other matters that need to be specified:None

 

 

 

No:5

Subject: Subsidiary, Foxconn EV Technology Inc. obtaining Foxconn EV System LLC Shares

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.):Foxconn EV System LLC shares

2.Date of occurrence of the event:2024/03/01

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

Total transaction amount:USD 61,900,000

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):Cash investment is not applied;Parent and subsidiary companies

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:capital increase of subsidiary;Na

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:Na

7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):Na

8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):Na

9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:None

10.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

11.Net worth per share of the Company's underlying securities acquired or disposed of:Na

12.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:

Cumulative monetary amount held:USD 265,668,757.12

Shareholding percentage:100%

Restriction of rights:None

13.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:0.2443%;

Ratio to owners'equity:0.6242%;

Operating Capital:NTD-183,067,522,000

14.Broker and broker's fee:None

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

16.Any dissenting opinions of directors to the present transaction:None

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

18.Date of the board of directors resolution:2024/03/01

19.Date of ratification by supervisors or approval by the Audit Committee:NA

20.Whether the CPA issued an unreasonable opinion regarding the current transaction:NA

21.Name of the CPA firm:NA

22.Name of the CPA:NA

23.Practice certificate number of the CPA:NA

24.Whether the transaction involved in change of business model:No

25.Details on change of business model:NA

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

27.Source of funds:private capital

28.Any other matters that need to be specified:None

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCZZGGFFMRGDZM
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31st Oct 202211:56 amRNSExplain media reporting
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20th Oct 202212:44 pmRNS111-3 Issue of Equity
4th Oct 202210:18 amRNSUn-Audited Monthly Sales Ended September 30, 2022

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