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Latest Share Chat

Subsidiary obtaining FPI shares

10 Dec 2018 07:00

RNS Number : 8896J
Hon Hai Precision Industry Co Ld
08 December 2018
 

Subject:Subsidiary Foxconn(Far East) Limited obtaining Foxconn Precision Imaging Pte. Ltd. shares

 

Date of events:2018/12/07

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 Precision Imaging Pte. Ltd. common shares

2.Date of occurrence of the event:2018/01/22~2018/12/07

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

50,000,000 shares at USD$1 each;total amount eq uals USD$50,000,000

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 Precision Imaging Pte. Ltd.;parent 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.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:

None

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

Follow company procurement authorization guideline and 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):

50,000,000 sharesUSD50,000,000approximately 100%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:10.24%, ratio to shareholder's equity:29.09%

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

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

Long Term Investment

 

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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