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Subsidiary obtaining FOXCONN HON HAI INDIA shares

28 Jan 2019 07:00

RNS Number : 1991O
Hon Hai Precision Industry Co Ld
26 January 2019
 

Subject: Subsidiary Foxconn Singapore Pte. Ltd. obtaining FOXCONN HON HAI TECHNOLOGY INDIA MEGA DEVELOPMENT PRIVATE LIMITED shares

Date of events: 2019/01/25

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 HON HAI TECHNOLOGY INDIA MEGA DEVELOPMENT PRIVATE LIMITED common shares

2.Date of occurrence of the event: 2018/09/21~2019/01/25

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

No more than 1,496,649,330 shares at about INR10 each;Total amount

equals No more than USD$213,500,000

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 HON HAI TECHNOLOGY INDIA MEGA DEVELOPMENT PRIVATE LIMITEDParent and subsidiary companies

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:

Increase by cash in subsidiary's capital

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

Board of Directors

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):

1,496,659,330 sharesUSD213,501,540approximately 99.99%

restriction 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:0.36%, ratio to shareholder's equity:1.03%

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

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

Long Term Investment

 

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