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Subsidiary Foxconn Industrial Internet Co.,Ltd.IPO

13 Dec 2017 12:50

RNS Number : 2531Z
Hon Hai Precision Industry Co Ld
13 December 2017
 

Subject: Hon Hai's Board of Directors today passed a resolution to list the subsidiary, Foxconn Industrial Internet Co., Ltd. (FII), in an initial public offering of RMB ordinary shares (A Shares) on the Shanghai Stock Exchange

Date of events:2017/12/13

Contents:

1.Date of occurrence of the event:2017/12/13

2.Company name:Hon Hai Precision Industry Co., Ltd.

3.Relationship to the Company (please enter "head office" or

"subsidiaries"):head office

4.Cause of occurrence:

Hon Hai's Board of Directors today passed a resolution to list the subsidiary, Foxconn Industrial Internet Co., Ltd. (FII), in an initial public offering of RMB ordinary shares (A Shares) on the Shanghai Stock Exchange

5.Countermeasures:

Disclosed on MOPS pursuant to relevant regulations.

6.Any other matters that need to be specified:

(1) For the purpose of FII's initial public offering of RMB ordinary shares (A Shares) and applying for listing on Shanghai Stock Exchange, the Board of Directors of the Company have authorized the board of directors of FII or its designated person to make necessary adjustments based on the execution of listing proposals, opinions of the relevant government authorities, rules and regulations of listing place, market conditions and actual situations, and to handle with full power the related matters in connection with the listing, including without limitation, to engage professional advisers, to determine the issuing terms, issuing time, issuing amount, issuing counterparty, issuing method, pricing methodology, issuing price (including price range and final price), issuing record date, strategic allocation (if any), use of proceeds, and to conduct any and all other matters in connection with the listing.

(2) The review period of the application is still uncertain.

 

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