Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Company announces indirect PRC investment

13th Nov 2013 10:35

RNS Number : 9100S
Hon Hai Precision Industry Co Ld
13 November 2013
 



Subject:Company announces indirect PRC investment

Date of events:2013/11/13

Contents:

No1

1.Method of the present increase (decrease) in investment:

The Company invests in GUIYANG FUUAYUANCHUANG TECHNOLOGY CO.,LTD. via increasing investment in Foxconn (Far East) Ltd., one of the Company's subsidiary, that invests in Best Behaviour Holdings Ltd. that invests in in CNTouch Inc.

2.Transaction volume, price per unit, and total monetary amount of the transaction:US$41,000,000

3.Company name of the invested mainland Chinese company:

GUIYANG FUUAYUANCHUANG TECHNOLOGY CO.,LTD.

4.Main business items of said invested mainland Chinese

company: Touch module

5.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department: Board of Directors

6.Concrete purpose of the acquisition or disposal: Develop new business

 

No2

1.Method of the present increase (decrease) in investment:

The Company invests in 101 ON-LINE EDUCATION TECHNOLOGY CO.LTD.via increasing investment in FOXCONN (FAR EAST) LIMITED, one of the Company's subsidiary, that invests in FOXTEQ HOLDINS INC.that invests in 101 EDUCATION TECHNOLOGY CO. LIMITED-CY that invests in 101 EDUCATION TECHNOLOGY CO. LIMITED-BVI that invests in 101 EDUCATION TECHNOLOGY(HONG KONG) CO. LIMITED

2.Transaction volume, price per unit, and total monetary

amount of the transaction:US$14,850,000

3.Company name of the invested mainland Chinese company:

101 ON-LINE EDUCATION TECHNOLOGY CO.LTD.

4.Main business items of said invested mainland Chinese company:

online education and related application

5.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department:Board of Directors

6.Concrete purpose of the acquisition or disposal:Develop new business

 

Subject:Overseas Investing Structure Modificationfor Mainland investment

Date of events:2013/11/13

Contents:

1.Method of the present increase (decrease) in investment:

The Company invests in TIANJIN FUNAYUANCHUANG TECHNOLOGY CO.,LTD.via increasing investment in Foxconn (Far East) Ltd., one of the Company's subsidiary, that invests in Best Behaviour Holdings Ltd. that invests in CNTOUCH INC.

2.Company name of the invested mainland Chinese company:

TIANJIN FUNAYUANCHUANG TECHNOLOGY CO.,LTD.

3.Main business items of said invested mainland Chinese company:

Touch module

4.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department: Net worthBoard of Directors

5.Concrete purpose of the acquisition or disposal:

To adjust the investment structure

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

Related Shares:

Hon Hai Precsn
FTSE 100 Latest
Value8,834.03
Change-41.19