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Subsidiary FUDING (JIASHAN) obtained shares.

29th Oct 2015 11:11

RNS Number : 8556D
Hon Hai Precision Industry Co Ld
29 October 2015
 

Subject: FUDING ELECTRONICAL TECHNOLOGY (JIASHAN) part of the Hon Hai Group has obtained shares.

Date of events:2015/10/29

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):

HENAN ANCAI HI-TECH CO.,LTD. will conduct directinal add-issuance.

2.Date of occurrence of the event:2015/10/29~2015/10/29

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

147,012,578 shares at USD$6.36 each;total amout equals USD$935,000,000

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

According to the Measures for the Administration of Stratigetic Investment in Listed Companies by Foreign Inverstors, the shares of the listing company acquired can't be transferred within three years from the acquisition.

5.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

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):

147,012,578 shares;RMB935,000,000approximately 17.036%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:0.22%, to shareholder's equity:0.53%

Operating Capital:NTD100,998,916,000

8.Broker and broker's fee:

Will be determined after approved by China Securities Regulatory Commission and discussions with securities companies.

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

Financial investment to exchange shares.

10.Any other matters that need to be specified:

The directional add-issuance is subject to the approval of China Securities Regulatory Commission.

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

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