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Subsidiary disposal and obtaining of equipment

20th Mar 2014 10:48

RNS Number : 7948C
Hon Hai Precision Industry Co Ld
20 March 2014
 

Subject: Subsidiary Hongfujin Precision Electronics (Zheng zhou) Co.,Ltd. announces disposal of equipment

Contents:

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

2.Date of the occurrence of the event: 2013/04/29~2014/03/20

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

unit price, total transaction price: 235 units of equipment;NTD562,430,679.93

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):

FIH Precision Electronics (Lang Fang) Co.,Ltd.;Connection company

5.Anticipated loss or profit from the disposal (not applicable in cases

of acquisition of assets) (where originally deferred, the status or

recognition shall be stated and explained):NTD 0

6.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:

Negotiation;book value;follow company procurement authorization guideline

7.Concrete purpose or use of the acquisition or disposition:

To integrate plant capacity

 

Subject: Subsidiary FIH Precision Electronics (Lang Fang) 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):equipment

2.Date of the occurrence of the event: 2013/04/29~2014/03/20

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

unit price, total transaction price: 235 units of equipment;NTD562,430,679.93

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):

Hongfujin Precision Electronics (Zheng zhou) Co.,Ltd.;Connection 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:

Negotiation;book value;follow company procurement authorization guideline

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

To integrate plant capacity

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