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Subsidiary obtaining Fusing International shares

19 Dec 2018 10:22

RNS Number : 9745K
Hon Hai Precision Industry Co Ld
19 December 2018
 

No.1

Subject: Subsidiary Foxconn(Far East) Limited obtaining Fusing International Inc. Pte. Ltd. shares

Date of events: 2018/12/19

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):

Fusing International Inc. Pte. Ltd. common shares

2.Date of occurrence of the event: 2018/12/19~2018/12/19

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

28,000,000 shares at USD$1 each;total amount eq uals USD$28,000,000

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):

Fusing International Inc. 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.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):

28,000,001 sharesUSD28,000,001approximately 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:10.2073%, ratio to shareholder's equity:29.0075%

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

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

Long Term Investment

 

 

 

No.2

Subject: Subsidiary Fusing International Inc. Pte. Ltd. obtaining Fusing International Inc. shares

Date of events: 2018/12/19

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):

Fusing International Inc. common shares

2.Date of occurrence of the event: 2018/12/19~2018/12/19

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

28,000 shares at USD$1,000 each;total amount eq uals USD$28,000,000

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):

Fusing International Inc.;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.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):

38,000 sharesUSD28,010,000approximately 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:0.0264%, ratio to shareholder's equity:0.0750%

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

9.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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