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Subsidiary Wonderful obtaining Jasper Infotech

18 Aug 2015 11:23

RNS Number : 3559W
Hon Hai Precision Industry Co Ld
18 August 2015
 

Subject: Subsidiary Wonderful Stars Pte. Ltd. obtaining Jasper Infotech Private Limited shares

Date of events:2015/08/18

Contents:

No.1

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):

Jasper Infotech Private Limited

2.Date of occurrence of the event:2015/08/18~2015/08/18

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

The total amount US$50,004,334.50the transaction to acquire 2,967

preference shares

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):

eBay Singapore Services Private Limited; None

5.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:

Purchase 1.16% shareholding; the consideration of US$50,004,334.50

is expected to be payable in one lump sum before end of October 2015;None;

convertible into 29,670 equity shares at a conversion ratio of 1:10

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

Negotiation ; market conditions; 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):

82,080 preference shares;US$200,004,164.764.27%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: 0.2934%, to shareholder's equity: 0.7074%,

Operating Capital: NTD100,998,916,000

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

Long term investment with online marketplace business

 

No.2

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):Jasper Infotech Private Limited

2.Date of occurrence of the event:2015/08/18~2015/08/18

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

The total amount US$149,999,830.26the transaction to acquire 79,113

preference shares

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):

N/A

5.Terms of delivery or payment (including payment period and

monetary amount), restrictive covenants in the contract, and

other important stipulations:

Purchase 3.11% shareholding; the consideration of US$149,999,830.26

is expected to be payable in one lump sum in August 2015;None;

convertible into 79,113 equity shares at a conversion ratio of 1:1

6.The manner in which the current transaction was decided, the

reference basis for the decision on price, and the decision-making

department:

Negotiation ; market conditions; 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):

82,080 preference shares;US$200,004,164.764.27%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: 0.2934%, to shareholder's equity: 0.7074%,

Operating Capital: NTD100,998,916,000

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

Long term investment with online marketplace business

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