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Subsidiary Icreate obtaining Playground Global LLC

7th Apr 2015 12:15

RNS Number : 4880J
Hon Hai Precision Industry Co Ld
07 April 2015
 

Subject: Icreate Investments Limited, part of the Hon Hai Group obtained Playground Global LLC 'Membership Interest

Date of events:2015/04/07

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):Playground Global LLC Membership Interest

2.Date of occurrence of the event:2015/04/07

3.Volume, unit price, and total monetary amount of the transaction:USD12,000,000

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):Playground Global LLCNo relation

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

Acquired 2.50% member's interest with a lump-sum payment of US$12,000,000

by April 2015.

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

Negotiation ; market conditions; 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):USD12,000,0002.50%Na

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:0.0152%, to shareholder's equity:0.0381%

Operating Capital:NTD$151,035,865,000

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

Long term investment in consumer electronics business

 

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