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Subsidiary obtained Katerra Inc. (Cayman) shares

12th Jan 2018 10:10

RNS Number : 7404B
Hon Hai Precision Industry Co Ld
12 January 2018
 

Subject: Subsidiary Foxconn Venture Pte, Ltd.,part of the Hon Hai Group has obtained Katerra Inc. (Cayman) shares

Date of events: 2018/01/12

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):

Katerra Inc.(Cayman) common shares

2.Date of occurrence of the event: 2018/01/12~2018/01/12

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

433,714 shares at USD69.17 each;total amount equals USD29,999,997.38

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):

Katerra Inc.(Cayman);None

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

1,244,524 sharesUSD59,999,967.38approximately 3.58%

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:1.12%, to shareholder's equity:3.05%

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

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

Strategy Investment

 

 

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