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Subsidiary Foxconn (Far East) LTD. obtained shares

13th Apr 2016 07:00

RNS Number : 0042V
Hon Hai Precision Industry Co Ld
13 April 2016
 

Subject: Subsidiary Foxconn (Far East) Limited part of the Hon Hai Group has obtained shares.

Date of events:2016/04/12

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):

TELEEYE HOLDINGS LIMITED shares

2.Date of occurrence of the event: 2016/04/12~2016/04/12

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

419,060,100 shares at HKD 0.55 each;total amout equals HKD240,333,055

(Contain broker's fee HKD9,850,000)

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):

Fast Upgrade Limited;Not a related party

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

Negotiation;market price;Board of Directors

6.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):

419,060,100 sharesHKD240,333,055approximately 50.07%restrictiion

of rights:None

7.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:0.039%, to shareholder's equity:0.099%,

Operating Capital:NTD131,768,410,000

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

Develop new business

9.Any other matters that need to be specified:

According to Hong Kong's regulation, once receiving the approval from Securities and Futures Commission of Hong Kong, a public tender offer will be initiated.

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

Hon Hai Precsn
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