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Announces disposal of financial products

10th Apr 2014 10:59

RNS Number : 5355E
Hon Hai Precision Industry Co Ld
10 April 2014
 

Subject:

Subsidiary,HONGFUJIN PRECISION ELECTRONICS (CHONGQING) CO.,

LTD. ,announces disposal of financial products

Date of events:2014/04/10

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): 

Sumitomo Mitsui Banking Corporation (China)Limited Chongqing Branch, "Sheng Sheng Li"RMB financial products

2.Date of occurrence of the event:2014/04/10

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

RMB 100,000,000

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):

Sumitomo Mitsui Banking Corporation (China)Limited: None

5.Anticipated profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status or recognition shall be stated and explained):RMB173,155.39

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

Pay in lump sum

6.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

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): RMB 100,000,000

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:0.0510%, to shareholder's equity:0.1336%

Operating Capital:NTD109,359,399,000

 9.Concrete purpose or use of the acquisition or disposition: Investment

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