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!

Instead subsidiaries announcement obtain assets

2nd Oct 2012 07:00

RNS Number : 6659N
Hon Hai Precision Industry Co Ld
02 October 2012
 

No:1

Subject:Interface Technology (Shenzhen) Co.,Ltd.announces obtaining of equipment

Contents:

1.Name and nature of the subject matter (e.g.land located at Sublot XX, Lot XX, North District,

Taichung City):obtained equipment

2.Date of the occurrence of the event:2012/09/28

3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), unit price, total transaction

price:A batch of machinery equipment;NTD1,201,283,559

4.Counterparty to the trade and its relationship with the company (if the trading counterpart is a

natural person and is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):Innocom Technology (Shenzhen) Ltd. ;an actual related party of the Company.

5.The manner of deciding on this transaction (such as tender invitation price comparison, or

price negotiation), the reference basis for the decision on price and the decision-making department:Negotiate ;Per market price;Board of directors

6.Concrete purpose or use of the acquisition or disposition:Operation requirement.

 

 

No:2

Subject:Disclosure on behalf of subsidiary Gold Charm Ltd. regarding its acquisition of patents

from NEC Corporation

Contents:

1.Name and nature of the subject matter (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g.dividend yield):NEC panel-related patents

2.Date of occurrence of the event:2012/09/28

3.Volume, unit price, and total monetary amount of the transaction:

Total monetary amount of the transaction :9.45 billion Japanese Yen

4.Counterpart to the trade and its relationship to the Company (if the trading counterpart is a

natural person and furthermore is not an actual related party of the Company, the name of the

trading counterpart is not required to be disclosed):

NEC Corporationno relationship

5.Terms of delivery or payment (including payment period and monetary amount), restrictive

covenants in the contract, and other important stipulations:

Wire payment to a third-party trust account by December 21, 2012, and once assignment

documents are completed, release payment by December 28, 2012.

6.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-makingdepartment: Manner: negotiation between parties;Pricing reference basis: third-party appraisal report;Decision Making Body: Board of Directors

7.Concrete purpose or use of the acquisition or disposition:Build up worldwide panel patent

portfolio and develop advanced cutting edge technologies.

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

Related Shares:

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