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Subsidiary disposal&obtaining of FOXCONN CZ shares

28 Dec 2017 11:55

RNS Number : 4831A
Hon Hai Precision Industry Co Ld
28 December 2017
 

No.1

Subject: Subsidiary Foxconn Holding BV,part of the Hon Hai Group has disposal FOXCONN CZ s.r.o. shares

Date of events: 2017/12/28

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):

FOXCONN CZ s.r.o. shares

2.Date of occurrence of the event: 2017/12/28

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

USD346,205,679

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):

Cloud Network Technology Kft;Connection company

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:

Organization Structure Modification

6.Anticipated profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status or recognition shall be stated and explained): USD183,222,782

7.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department: Evaluation value ;Board of Directors

8.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):

USD0approximately 0%restrictiion of rights:None

9.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:0.2478%, to shareholder's equity:0.6748%

Operating Capital:NTD-40,666,643,000

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

Organization Structure Modification

 

No.2

Subject: Subsidiary Cloud Network Technology Kft,part of the Hon Hai Group has obtaining Foxconn CZ s.r.o shares

Date of events: 2017/12/28

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):

Foxconn CZ s.r.o shares

2.Date of occurrence of the event: 2017/12/28

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

USD346,205,679

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):

Foxconn Holding BV ;Connection company

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:

Organization Structure Modification

6.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department: Evaluation value ;Shareholder resolution

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):

USD346,205,679approximately 100%

restrictiion of rights: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:0.4957%, to shareholder's equity:1.3497%

Operating Capital:NTD-40,666,643,000

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

Organization Structure Modification

 

 

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