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Explain media reporting

26th Feb 2016 07:00

RNS Number : 2365Q
Hon Hai Precision Industry Co Ld
26 February 2016
 

No.1

Subject:Explain media reporting

Contents:

1.Date of occurrence of the event:2016/02/26

2.Company name: Hon Hai Precision Ind. Co. Ltd

3.Name of the reporting media: 

Commercial Times,Economic Daily and other media reported

4.Content of the report:

(1) Hon Hai received a list of about 350 billion of contingent liabilities at Sharp on Wednesday...(2) Wall Street Journal reports that Hon Hai did not confirm the deal right away and postponed the signing of the agreement, due to the fact the the company received a 100-point list of contingent liabilities totaling 350 billion....

5.Countermeasures:

The company does not comment on media reports regarding Hon Hai and Sharp's confidentiality agreement.

 

No.2

Subject:Explain media reporting

Contents:

1.Date of occurrence of the event:2016/02/25

2.Company name: Hon Hai Precision Ind. Co. Ltd

3.Name of the reporting media: CNA NEWS

4.Content of the report:

Wall Street Journal:... Hon Hai received a list of contingent liabilities totaling ¥350 billion (NTD 105 billion) from Sharp.

5.Countermeasures:

After receiving new material information from Sharp on February 24, we accordingly informed Sharp (before their board meeting on February 25) that we will have to postpone any signing of a definitive agreement until we have arrived at a satisfactory understanding and resolution of the situation.

 

 

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