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Company announces indirect PRC investment

13th Aug 2013 11:02

RNS Number : 5756L
Hon Hai Precision Industry Co Ld
13 August 2013
 

Subject:Company announces indirect PRC investment

Date of occurrence of the event:2013/8/13

Contents:

No1.

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

The Company invests in Fox Energy Technology (Funing) Co.,Ltd.

via increasing investment in Foxconn (Far East) Ltd., one of the

Company's subsidiary, that invests in Foxconn Energy Holdings Ltd.

that invests in Norwich Ltd.

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

amount of the transaction:US$25,000,000

3.Company name of the invested mainland Chinese company:

Fox Energy Technology (Funing) Co.,Ltd.

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

SOLAR CELL

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: 

Working capital need

 

No2.

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

The Company invests in Shiang Tai Environmental Technology Ltd.

via increasing investment in Foxconn (Far East) Ltd., one of the

Company's subsidiary, that invests in Clear Merits Ltd.

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

amount of the transaction:US$13,617,000

3.Company name of the invested mainland Chinese company:

Shiang Tai Environmental Technology Ltd.(Tentative name)

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

manufacturer of degradable plastic resin

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

 

No3.

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

The Company invests in Ying Tai Environmental Technology Ltd.

via increasing investment in Foxconn (Far East) Ltd., one of the

Company's subsidiary, that invests in Clear Merits Ltd.

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

amount of the transaction:US$27,693,000

3.Company name of the invested mainland Chinese company:

Ying Tai Environmental Technology Ltd.(Tentative name)

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

manufacturer of degradable plastic resin

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

 

No4.

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

Based on the share swap mechanism to adjust investment structure in Mainland China as followings:

1.1Via the third place Cayman Island subsidiary FOXCONN (FAR EAST) LIMITED, the Company re-invests into Hong Kong subsidiary FOXCONN (FAR EAST) LIMITE, and re-invests into Cayman Island subsidiary FOXCONN INTERCONNECT TECHNOLOGY LIMITED, and then re-invests into Singapore subsidiary FOXCONN INTERCONNECT TECHNOLOGY SINGAPORE, and then re-invests into Mainland China investment businesses FU DING PRECISION COMPONENT (SHENZHEN) CO., LIMITED , FOXCONN COMPUTER CONNECTORS (KUNSHAN) CO., LIMITED, FUYU ELECTRONICAL TECHNOLOGY (HUAIAN) CO., LIMITED and FUDING PRECISION INDUSTEIAL (ZHENGZHOU) CO., LIMITED

1.2Via the third place Cayman Island subsidiary FOXCONN (FAR EAST) LIMITED, the Company re-invests into Hong Kong subsidiary FOXCONN (FAR EAST) LIMITED, and then re-invests into Cayman Island subsidiary FOXCONN INTERCONNECT TECHNOLOGY LIMITED, and then re-invests into Singapore subsidiary FOXCONN INTERCONNECT TECHNOLOGY SINGAPORE, and then re-invests into Virgin Island subsidiary GRAND OCCASION INTERNATIONAL LIMITED, and then re-invests into Mainland China investment businesses FOXCONN ELECTRONIC INDUSTRIAL DEVELOPMENT (KUNSHAN) CO., LIMITED

1.3Via the third place Cayman Island subsidiary FOXCONN (FAR EAST) LIMITED, the Company re-invests into Hong Kong subsidiary FOXCONN (FAR EAST) LIMITED, and then re-invests into Cayman Island subsidiary FOXCONN INTERCONNECT TECHNOLOGY LIMITED, and then re-invests into Singapore subsidiary FOXCONN INTERCONNECT TECHNOLOGY SINGAPORE, and then re-invests into Virgin Island subsidiary BEST GOLD TRADING LIMITED, and then re-invests into Mainland Island investment businesses FOXCONN ELECTRONIC INDUSTRIAL DEVELOPMENT (KUNSHAN) CO., LIMITED

2.Transaction volume, price per unit, and total monetary amount of the

transaction:

The total transaction amount will be based on the net worth in the latest

financial statement when doing the share swap.

3.Company name of the invested mainland Chinese company:

FU DING PRECISION COMPONENT (SHENZHEN) CO., LIMITED

FOXCONN COMPUTER CONNECTORS (KUNSHAN) CO., LIMITED

FUYU ELECTRONICAL TECHNOLOGY (HUAIAN) CO., LIMITED

FUDING PRECISION INDUSTEIAL (ZHENGZHOU) CO., LIMITED

FOXCONN ELECTRONIC INDUSTRIAL DEVELOPMENT (KUNSHAN) CO., LIMITED

4.Main business items of said invested mainland Chinese

company:

FU DING PRECISION COMPONENT (SHENZHEN) CO., LIMITED:ConnectorCable

FOXCONN COMPUTER CONNECTORS (KUNSHAN) CO., LIMITED:ConnectorCable

FUYU ELECTRONICAL TECHNOLOGY (HUAIAN) CO.,LIMITED:ConnectorCable

FUDING PRECISION INDUSTEIAL (ZHENGZHOU) CO.,LIMITED:ConnectorCable

FOXCONN ELECTRONIC INDUSTRIAL DEVELOPMENT (KUNSHAN) CO.,LIMITED:ConnectorCable

5.The manner of deciding on this transaction, the reference basis for the

decision on price and the decision-making department:

NaNet worthBoard of Directors

6.Concrete purpose of the acquisition or disposal:

To adjust the investment structure within the Group.

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