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Subsidiary Focus PC obtaining CNT shares

20th Dec 2018 10:31

RNS Number : 1258L
Hon Hai Precision Industry Co Ld
20 December 2018
 

Subject: Subsidiary Focus PC Enterprises Limited obtaining Cloud Network Technology Singapore Pte. Ltd. shares

Date of events: 2018/12/20

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):

Cloud Network Technology Singapore Pte. Ltd. common shares

2.Date of occurrence of the event: 2018/12/20~2018/12/20

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

Total amount eq uals USD$52,000,000

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):

Cloud Network Technology Singapore Pte. Ltd.;parent and subsidiary companies

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:

Increase by cash in subsidiary's capital

6.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

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):

USD$127,000,000approximately 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:0.55%, ratio to shareholder's equity:1.57%

Operating Capital:NTD-49,014,668,000

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

Long Term Investment

 

 

 

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.
 
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