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Company announces indirect PRC investment

13th Aug 2014 12:05

RNS Number : 0319P
Hon Hai Precision Industry Co Ld
13 August 2014
 

No.1

Subject:Company announces indirect PRC investment

Date of occurrence of the event:2014/8/13

Contents:

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

The company Invests In Chongqing Yuanchuang Technology & Research

Industrial Development Co., Ltd.o.,via increasing investment in

Foxconn (Far East) Limited-Cayman,one of the company's subsidiary,

that invests in Flying Tiger Holdings Co ., Limited that invests

In Jin Ji Full Precision Co .,Limited that invests In T-CAR INC.

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

amount of the transaction: RMB99,994,989

3.Company name of the invested mainland Chinese company:

Chongqing Yuanchuang Technology & Research Industrial Development Co., Ltd.

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

Design, development, and manufacturing of automotive molds, fixtures, and gauges.

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

 

No.2

Subject:Overseas Investing Structure Modificationfor Mainland investment

Date of events:2014/08/13

Contents:

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

FuTaiKang Electronice Development (Yan Tai) Co. Limited, which was originally invested and owned by subsidiary ARGYLE HOLDINGS LIMITED (SAMOA), is now invested and owned by subsidiary BIG INNOVATION HOLDINGS LIMITES (CAYMAN) through share transfer.

2.Company name of the invested mainland Chinese company:

FuTaiKang Electronice Development (Yan Tai) Co. Limited

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

Electronic Component and Software Development and Sales

4.The manner of deciding on this transaction, the reference basis for the decision on priceand the decision-making department:Board 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
 
 
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