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

14th May 2014 13:34

RNS Number : 1142H
Hon Hai Precision Industry Co Ld
14 May 2014
 

Subject:Company announces indirect PRC investment

Date of events:2014/05/14

Contents:

No1

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

The Company invests in Futaihua Precision Electronic (Jiyuan) Co.Limited via increasing investment in Foxconn (Far East) Limited-Cayman,one of the Company's subsidiary, that invests in Best Behaviour Holdins Limited that invests in China Galaxy Enterprises Limited

2.Transaction volume, price per unit, and total monetary amount of the transaction: US$300,000,000

3.Company name of the invested mainland Chinese company:

Futaihua Precision Electronic (Jiyuan) Co. Limited

4.Main business items of said invested mainland Chinese

company: Mobile Devices

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: Long Term Investment

 

No2

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

The Company invests in Hongfujin Precision Electrons(Chengdu) Co.Limited via increasing investment in Foxconn (Far East) Limited-Cayman,one of the Company's subsidiary, that invests in Best Behaviour Holdins Limited that invests in China Galaxy Enterprises Limited

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

amount of the transaction:US$ 300,000,000

3.Company name of the invested mainland Chinese company:

Hongfujin Precision Electrons(Chengdu) Co. Limited

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

Tablet Personal Computer

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: Long Term Investment

 

No3

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

The Company invests in Smart Time Technologies(TianJin) Limited.via increasing investment in Foxconn (Far East) Limited-Cayman,one of the Company's subsidiary, that invests in Best Behaviour Holdins Limited that invests in China Galaxy Enterprises Limited that invests in Smart Time Techologies Limited

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

amount of the transaction:US$ 10,000,000

3.Company name of the invested mainland Chinese company:

Smart Time Technologies(TianJin) Limited.

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

Data Center

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: Long Term Investment

 

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

Related Shares:

Hon Hai Precsn
FTSE 100 Latest
Value8,275.66
Change0.00