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Subsidiary obtaining FEWI Development shares

16th Dec 2019 10:48

RNS Number : 9856W
Hon Hai Precision Industry Co Ld
16 December 2019
 

No.1

Subject:Subsidiary Foxconn (Far East) Limited obtaining Foxteq Holdings Inc. shares

Date of events:2019/12/16

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):

Foxteq Holdings Inc. common shares

2.Date of occurrence of the event:2019/12/16

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

895,000,000 shares at about USD0.1 each;Total amount equals

USD89,500,000

4.Counterparty 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):

Capital Increased by Cash is not applied;Parent and subsidiary companies

5.Where the counterpart to the trade is an actual related party,a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition:

Increase by cash in subsidiary's capital;Na

6.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

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):

14,925,988,350 shares; USD1,492,598,835; approximately 100%;

restriction of rights:None

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:11.2610%, ratio to shareholder's equity:28.7848%

Operating Capital:NTD-28,636,429,000

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

Long Term Investment

10.Is it a related party transaction?:Yes

11.Date of the board of directors'resolution:2019/12/16

 

 

No:2

Subject:Subsidiary Foxteq Holdings Inc. obtaining Foxteq Integration Inc. shares

Date of events:2019/12/16

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):

Foxteq Integration Inc. common shares

2.Date of occurrence of the event:2019/12/16

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

895,000,000 shares at about USD0.1 each;Total amount equals

USD89,500,000

4.Counterparty 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):

Capital Increased by Cash is not applied;Parent and subsidiary companies

5.Where the counterpart to the trade is an actual related party, a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition:

Increase by cash in subsidiary's capital;Na

6.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

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):

7,361,245,987 shares;USD736,124,598.7;approximately 100%;

restriction of rights:None

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:1.4337%, ratio to shareholder's equity:3.6647%

Operating Capital:NTD-28,636,429,000

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

Long Term Investment

10.Is it a related party transaction?:Yes

11.Date of the board of directors'resolution:2019/12/16

 

 

No:3

Subject:Subsidiary Foxteq Integration Inc. obtaining PCE Paragon Solutions kft. shares

Date of events:2019/12/16

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):

PCE Paragon Solutions kft. common shares

2.Date of occurrence of the event:2019/12/16

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

100,000 shares at about USD895 each;Total amount equals

USD89,500,000

4.Counterparty 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):

Capital Increased by Cash is not applied;Parent and subsidiary companies

5.Where the counterpart to the trade is an actual related party, a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition:

Increase by cash in subsidiary's capital;Na

6.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

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):

150,296,424 shares; USD676,596,424; approximately 100%;

restriction of rights:None

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:0.7077%, ratio to shareholder's equity:1.8091%

Operating Capital:NTD-28,636,429,000

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

Long Term Investment

10.Is it a related party transaction?:Yes

11.Date of the board of directors'resolution:2019/12/16

 

 

No:4

Subject:Subsidiary PCE Paragon Solutions kft. obtaining FE HOLDINGS USA, INC. shares

Date of events:2019/12/16

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):

FE HOLDINGS USA, INC. common shares

2.Date of occurrence of the event:2019/12/16

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

8,950 shares at about USD10,000 each;Total amount equals

USD89,500,000

4.Counterparty 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):

Capital Increased by Cash is not applied;Parent and subsidiary companies

5.Where the counterpart to the trade is an actual related party, a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition:

Increase by cash in subsidiary's capital;Na

6.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

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):

59,210 shares;USD592,100,000;approximately 84.29%;

restriction of rights:None

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 theoperating capital as shown in the most recent financial statement:

Ratio to total assets:0.6481%, ratio to shareholder's equity:1.6567%

Operating Capital:NTD-28,636,429,000

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

Long Term Investment

10.Is it a related party transaction?:Yes

11.Date of the board of directors'resolution:2019/12/16

12.Name of the CPA firm:ATAX Accounting Firm

13.Name of the certifying CPA:Danny Cheng

14.The practice certificate number of the CPA:

Financial-Supervisory-Securities-Corporate-5720

 

 

No:5

Subject:Subsidiary FE HOLDINGS USA, INC. obtaining SIO INTERNATIONAL WISCONSIN, INC. shares

Date of events:2019/12/16

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):

SIO INTERNATIONAL WISCONSIN, INC. common shares

2.Date of occurrence of the event:2019/12/16

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

179,000 shares at about USD500 each;Total amount equals

USD89,500,000

4.Counterparty 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):

Capital Increased by Cash is not applied;Parent and subsidiary companies

5.Where the counterpart to the trade is an actual related party, a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition:

Increase by cash in subsidiary's capital;Na

6.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

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):

1,022,600 shares;USD511,300,000;approximately 100%;

restriction of rights:None

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:0.5052%, ratio to shareholder's equity:1.2914%

Operating Capital:NTD-28,636,429,000

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

Long Term Investment

10.Is it a related party transaction?:Yes

11.Date of the board of directors'resolution:2019/12/16

 

 

No:6

Subject:Subsidiary SIO INTERNATIONAL WISCONSIN, INC. obtaining FEWI Development Corporation shares

Date of events:2019/12/16

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):

FEWI Development Corporation common shares

2.Date of occurrence of the event:2019/12/16

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

6,850,000 shares at about USD10 each;Total amount equals

USD68,500,000

4.Counterparty 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):

Capital Increased by Cash is not applied;Parent and subsidiary companies

5.Where the counterpart to the trade is an actual related party, a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition:

Increase by cash in subsidiary's capital;Na

6.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

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):

18,020,000 shares;USD180,200,000;approximately 100%;

restriction of rights:None

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: 0.1781%, ratio to shareholder's equity:0.4551%

Operating Capital:NTD-28,636,429,000

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

Long Term Investment

10.Is it a related party transaction?:Yes

11.Date of the board of directors'resolution:2019/12/16

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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