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Bao Shin obtain ENNOCONN capital increase by cash

8th Mar 2019 11:00

RNS Number : 3243S
Hon Hai Precision Industry Co Ld
08 March 2019
 

Subject: Subsidiary Bao Shin International Investment Co., Ltd., obtaining ENNOCONN CORPORATION's capital increase by cash

Date of events: 2019/03/08

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):

ENNOCONN CORPORATION common shares

2.Date of occurrence of the event: 2019/03/08~2019/03/08

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

1,707,760 shares at NTD220 each;total amount equals about NTD375,707,200

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):

ENNOCONN CORPORATION;Substantive related party

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:

Capital Increased by Cash ;It's original shareholders to subscribe

for the preemptive right

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

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

department:

Original shareholders to subscribe;Issue price;Board resolution

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):

29,074,437 sharesabout NTD662,608,376approximately 34.79%

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:0.1611%, to shareholder's equity:0.46%

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 [email protected] or visit www.rns.com.
 
END
 
 
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Related Shares:

Hon Hai Precsn
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