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Subsidiary obtained PCCW International share

10th Aug 2017 11:43

RNS Number : 6628N
Hon Hai Precision Industry Co Ld
10 August 2017
 

Subject: Subsidiary Foxconn Venture Pte, Ltd.,part of the Hon Hai Group has obtained PCCW International OTT (Cayman Islands) Holdings LTD Convertible preference share

Date of events: 2017/08/10

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):

S PCCW International OTT (Cayman Islands) Holdings Limited Convertible preference share

2.Date of occurrence of the event: 2017/08/10

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

3,000,000 shares at USD$10 each;total amount equals USD$30,000,000

4.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department: Negotiation; Evaluation value;Follow company procurement authorization guideline

5.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):

3,000,000 sharesUSD30,000,000approximately 4.918%

restrictiion of rights: None

6.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%, to shareholder's equity:1.44%

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

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

Long Term Investment

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