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Obtain in private placement of Asia Pacific

13th Nov 2019 11:49

RNS Number : 2957T
Hon Hai Precision Industry Co Ld
13 November 2019
 

Subject:Company obtain participates in private placement of Asia Pacific Telecom Co.,Ltd.

Date of events:2019/11/13

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):Asia Pacific Telecom Co.,Ltd. Common shares

2.Date of occurrence of the event:2019/11/13

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

700,000,000 shares; NTD 10 per share; NTD 7,000,000,000

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):Na; Connection company

5.Where a person who owned the property within the past five years has been an actual related person of the company, a public announcement shall also include the dates and prices of acquisition and disposal by the related person and the person's relationship to the company at those times:

2015/12/31 Acquired shares due to merger of Ambit Microsystems Corp.

and Asia Pacific Telecom Co.,Ltd.

6.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:

Assignment of shares of a company shall not be prohibited or restricted

by the privately placed within three years of said delivery date

7.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department:Board of Directors

8.Net worth per share of company underlying securities acquired or disposed of:6.24

9.Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g.pledges):

Hon Hai Precision Ind. Co. Ltd.

1,543,760,000 shares;

NTD11,838,449,458;

approximately 29.14% (Asia Pacific reduction of capital as 32.83%);

restriction of rights:None

 

Subsidiary Hyield Venture Capital Co.,Ltd.

301,451,456 shares;

NTD3,008,322,803;

approximately 5.69% (Asia Pacific reduction of capital as 7.88%);

restriction of rights:None

 

Subsidiary Bon Shin International Investment Co., Ltd.

1,081,319 shares;

NTD6,200,399;

approximately 0.02%(Asia Pacific reduction of capital Shareholding ratio Unchanged) ;

restriction of rights:None

 

Subsidiary Hon Chi International Investment Co.,Ltd

552,25 shares;

NTD3,166,517;

approximately 0.01%(Asia Pacific reduction of capital Shareholding ratio Unchanged) ;

restriction of rights:None

10.Current ratio of private placement of securities (including the current trade) to the total assets and shareholder's equity as shown in the most recent financial statement and the operating capital as shown in the most recent financial statement:

Ratio to total assets:0.2315%, ratio to shareholder's equity:0.5916%

Operating Capital:NTD-28,636,429,000

11.Concrete purpose or use of the acquisition or disposition:Long Term Investment

12.The trading counterparty is a related party:Yes

13.Approval date by board of directors:2019/11/13

14.Recognition date by supervisors or submission date by audit committee:2019/11/13

15.Name of the CPA firm:ATAX Accounting Firm

16.Name of the certifying CPA:Danny Cheng

17.The practice certificate number of the CPA:Financial-Supervisory-Securities-Corporate-5720

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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