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Company announces indirect PRC investment

30th Oct 2012 12:18

RNS Number : 8549P
Hon Hai Precision Industry Co Ld
30 October 2012
 

Subject:Company announces indirect PRC investment

Contents:

1

1.1 Method of the present increase (decrease) in investment:The Company invests in Hong

Fujin Precision Industry (HengYang) 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 Best Behaviour Ltd., that invests in Argyle Holdings Ltd.

1.2 Transaction volume, price per unit, and total monetary amount of the transaction:US$38,000,000

1.3 Company name of the invested mainland Chinese company: Hong Fujin Precision Industry (Heng Yang) Co ., Ltd.

1.4 Main business items of said invested mainland Chinese company: Precision molds; metal and nonmetal mold components

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

1.6 Concrete purpose of the acquisition or disposal: Long Term Investment

 

2

2.1 Method of the present increase (decrease) in investment:

The Company invests in Futaihua Precision Electronic (Jiyuan) Co.,Ltd.via increasing investment in Foxconn (Far East) Ltd., one of theCompany's subsidiary, that invests in Best Behaviour Holdings Ltd.that invests in China Galaxy Enterprises Ltd.

2.2 Transaction volume, price per unit, and total monetary amount of the transaction: US$275,000,000

2.3 Company name of the invested mainland Chinese company: Futaihua Precision Electronic (Jiyuan) Co.,Ltd.

2.4 Main business items of said invested mainland Chinese company: Mobile Devices

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

2.6 Concrete purpose of the acquisition or disposal: Long Term Investment

 

3

3.1 Method of the present increase (decrease) in investment:

The Company invests in Synergy Technology (Chengdu) Ltd. via increasing investment in Foxconn (Far East) Ltd., one of the Company's subsidiary, that invests in High Precision Holdings Ltd., that invests in Super Global Ltd.

3.2 Transaction volume, price per unit, and total monetary amount of the transaction: US$26,000,000

3.3.Company name of the invested mainland Chinese company: Synergy Technology (Chengdu) Ltd.

3.4 Main business items of said invested mainland Chinese company: To manufacture, produce and sell LCD modules and related materials

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

3.6 Concrete purpose of the acquisition or disposal: Long Term Investment

 

4

4.1 Method of the present increase (decrease) in investment: The Company invests in Synergy Technology (Shenzhen) Ltd. via increasing investment in Foxconn (Far East) Ltd., one of the Company's subsidiary, that invests in High Precision Holdings Ltd., that invests in Super Global Ltd.

4.2 Transaction volume, price per unit, and total monetary amount of the transaction: US$36,000,000

4.3 Company name of the invested mainland Chinese company:

Synergy Technology (Shenzhen) Ltd.

4.4 Main business items of said invested mainland Chinese company:To manufacture, produce and sell LCD modules and related materials

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

4.6 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
 
 
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