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Company announces indirect PRC investment

21 Sep 2015 13:01

RNS Number : 6855Z
Hon Hai Precision Industry Co Ld
21 September 2015
 



Subject:Company announces indirect PRC investment

Contents:

1.Date of occurrence of the event:2015/05/15

2.Method of the present increase (decrease) in investment:

The Company invests in WWW (JIN CHENG) CO., Ltd investment in Foxconn (Far East) Ltd., one of the Company's subsidiary, For Ace Noble Investments Limited, et shareholders Purchase 21.18% of shares Wcube Co., Ltd., after the purchase of 100% of shares

3.Transaction volume, price per unit, and total monetary

amount of the transaction:

9,984,965 shares at USD$1.064 each;total amout equals USD$10,624,003

4.Company name of the invested mainland Chinese company:

WWW (JIN CHENG) CO., Ltd.

5.Paid-in capital of said invested mainland Chinese company:

USD30,000,000

6.Amount of new capital increment currently planned by said invested mainland Chinese company:USD0

7.Main business items of said invested mainland Chinese company:Lens module

8.Amount of actual investment to date in said invested mainland Chinese company:USD20,015,035

9.Counterparty to the transaction and its relationship to the Company:

(1)ACE NOBLE INVESTMENTS LIMITED; None

(2)The 280 individual shareholders of Wcube Co., Ltd. (Among them,

HSU MU-CHI, LEE JIN-MING, HUANG TEH- TSAI, CHUNG I-WEN, and CHOW CHUNG-KAI are management of the parent company Hon Hai Precision Ind. Co., Ltd, while CHEN GA-LANE is director of Wcube Co., Ltd.)

10.Where the counterparty to the transaction is an actual related party, public announcement shall also be made of the reason for choosing the related party as the counterparty and the identity of the previous owner (including its relationship with the company and the trading counterpart), the date of transfer, and the price:

To obtain 100% shares of Wcube Co., Ltd. so as to indirectly hold

100% shares of WWW (JIN CHENG) CO., Ltd.; None

11.Where a person who owned the subject matter of the transaction within the past five years has been an actual related party of the company, public

announcement shall also be made of the dates and prices of acquisition and disposal by the related party and such party's relationship to the company at those times:

HSU MU-CHI:2012/03/21 US $ 1 per share to acquire 100,000 shares

LEE JIN-MING:2012/03/21 US $ 1 per share to acquire 25,000 shares

HUANG TEH-TSAI:2012/03/21 US $ 1 per share to acquire 25,000 shares

CHUNG I-WEN:2012/03/21 US $ 1 per share to acquire 20,000 shares

CHOW CHUNG-KAI:2012/03/21 US $ 1 per share to acquire 10,000 shares

are management of the parent company Hon Hai Precision Ind. Co., Ltd

CHEN GA-LANE:2012/03/21 US $ 1 per share to acquire 1,287,000 shares

is director of Wcube Co., Ltd.

12.The manner of deciding on this transaction, the reference

basis for the decision on price and the decision-making

department:Board of Directors

13.Concrete purpose of the acquisition or disposal:

Long term investment

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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