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Subsidiary disposal&obtain of Foxconn ASSY Shares

2nd Jan 2018 07:00

RNS Number : 6329A
Hon Hai Precision Industry Co Ld
31 December 2017
 

No.1

Subject: Subsidiary Foxconn Assembly Holding Corporation,part of the Hon Hai Group has disposal Foxconn Assembly LLC shares

Date of events:2017/12/31

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):

 Foxconn Assembly LLC shares

2.Date of occurrence of the event:2017/12/31~2017/12/31

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

 50,000 shares at USD651.92 each;total amout equals USD32,596,063

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):

 Cloud Network Technology USA Inc.;Connection company

5.Where the counterpart to the trade is an actual related party,

a public announcement shall also be made of the reason for choosing

the related party as trading counterpart and the identity of the

previous owner (including its relationship with the company and the

trading counterpart), price of transfer, and date of acquisition:

 Organization Structure Modification

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

cases of acquisition of securities) (where originally deferred, the

status or recognition shall be stated and explained):USD2,209,718

7.The manner in which the current transaction was decided, the

reference basis for the decision on price, and the decision-making

department: Evaluation value ;Board of Directors

8.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):

0 sharesUSD0approximately 0%restriction of rights: None

9.Current ratio of long or short term securities investment

(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%, to shareholder's equity:0%

Operating Capital:NTD-40,666,643,000

10.Concrete purpose or use of the acquisition or disposal:

Organization Structure Modification

 

No.2

Subject: Subsidiary Cloud Network Technology USA Inc.part of the Hon Hai Group has obtaining Foxconn Assembly LLC shares

Date of events:2017/12/31

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):

Foxconn Assembly LLC shares

2.Date of occurrence of the event:2017/12/31~2017/12/31

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

50,000 shares at USD651.92 each;total amout equals USD32,596,063

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):

Foxconn Assembly Holding Corporation ;Connection company

5.Where the counterpart to the trade is an actual related party,

a public announcement shall also be made of the reason for choosing

the related party as trading counterpart and the identity of the

previous owner (including its relationship with the company and the

trading counterpart), price of transfer, and date of acquisition:

Organization Structure Modification

6.The manner in which the current transaction was decided, the

reference basis for the decision on price, and the decision-making

department: Evaluation value ;Shareholder resolution

7.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):

50,000 sharesUSD32,596,063approximately 100%restrictiion of rights:None

8.Current ratio of long or short term securities investment

(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:0.0336%, to shareholder's equity:0.0914%

Operating Capital:NTD-40,666,643,000

9.Concrete purpose or use of the acquisition or disposal:

Organization Structure Modification

 

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