The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Company announces indirect PRC investment

11 Aug 2017 11:50

RNS Number : 8013N
Hon Hai Precision Industry Co Ld
11 August 2017
 

Subject: Company announces indirect PRC investment

Date of events:2017/08/11

Contents:

1.Date of occurrence of the event:2017/08/11

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

The Company invests in Nanjing Hongfusharp Precision

Electronics Co.,LTD. via increasing investment in Foxconn

(Far East) Limited-Cayman,one of the Company's subsidiary, that

invests in Dominant Elite Holdings Limited that invests

in Competition Optical Technology Limited

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

amount of the transaction:USD140,000,000

4.Company name of the invested mainland Chinese company:

Nanjing Hongfusharp Precision Electronics Co.,LTD.

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

USD58,700,421

6.Amount of new capital increment currently planned

by said invested mainland Chinese company:

USD140,000,000

7.Main business items of said invested mainland Chinese

company:

Liquid Crystal Display; LCD module; Projector;Interactive whiteboard

8.Amount of actual investment to date in said invested

mainland Chinese company:USD30,000,000

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

basis for the decision on price and the decision-making

department:Board of Directors

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

11.Total amount of mainland China area investment

(including the present investment) approved by the

Investment Commission to date:USD11,444,915,503.24

12.Ratio of the total amount of investment (including

the present investment) in the mainland China area approved

by the Investment Commission to date to the paid-in capital

on the financial statement for the most recent period:201.39%

13.Ratio of the total amount of investment (including

the present investment) in the mainland China area

approved by the Investment Commission to date to the

total assets on the financial statement for the most

recent period:11.98%

14.Ratio of the total amount of investment (including

the present investment) in the mainland China area approved

by the Investment Commission to date to the shareholders'

equity on the financial statement for the most recent period:32.92%

15.Total amount of actual investment in the mainland China

area to date:USD8,455,508,635.67

16.Ratio of the total amount of actual investment in the

mainland China area to date to the paid-in capital on

the financial statement for the most recent period:148.78%

17.Ratio of the total amount of actual investment in the

mainland China area to date to the total assets on the

financial statement for the most recent period:8.85%

18.Ratio of the total amount of actual investment in the

mainland China area to date to the shareholders' equity

on the financial statement for the most recent period:24.32%

19.Amount of recognized profits and losses on investment in

the mainland China area for the most recent three fiscal years:

2014: NT$ 89,789,836,000;

2015: NT$ 95,073,703,000;

2016: NT$ 135,546,383,000

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

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.