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Subsidiary Extra High disposal Ways Tech shares

28 Mar 2019 10:36

RNS Number : 3323U
Hon Hai Precision Industry Co Ld
28 March 2019
 

Subject:Subsidiary Extra High Enterprises Limited disposal Ways Technical Corp., LTD shares

Date of events:2019/03/28

Contents:

1.Name of the securities:Ways Technical Corp.,Ltd. common shares

2.Trading date:2018/12/07~2019/03/28

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

9,200,000 shares;at the average price of NTD33.36 per share. ;

total amount equals NTD306,875,498

4.Gain (or loss) (not applicable in case of acquisition of securities):

Calculated from acquistion cost, the realized gain for this transaction is NTD192,335,498. Among which, according to IFRS 9, NTD156,495,740 was entered into Unappropriated Retained Earnings in 2018, and NTD35,839,758 is recognized as valuation gain as of trading date in 2019.

5.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):

2,905,248 shares;about NTD107,784,701;approximately 2.84%;

restriction of rights:None

6.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 operational capital as shown in the most recent financial statement:

Ratio to total assets:0.0033%, to shareholder's equity:0.0094%

Operating Capital:NTD-49,014,668,000

7.Concrete purpose/objective of the acquisition or disposal:

Investment Realization

8.Any other matters that need to be specified:

Transaction commission and taxes shall be paid separately

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.
 
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