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Subsidiary obtaining Guangzhou ChengXing shares

5th Feb 2018 11:37

RNS Number : 9326D
Hon Hai Precision Industry Co Ld
05 February 2018
 

Subject: Subsidiary HongFuJin Precision Electronics (ZhengZhou) Co., Ltd. obtaining Guangzhou ChengXing ZhiDong Motors Technology Co., LTD. shares

Date of events:2018/02/05

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):

Guangzhou ChengXingZhiDong Motors Technology Co., LTD. shares

2.Date of occurrence of the event: 2018/02/05~2018/02/05

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

RMB300,000,000

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):

Guangzhou ChengXingZhiDong Motors Technology Co., LTD. ;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):

RMB300,000,000approximately 2.94%restriction 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:2.89%, ratio to shareholder's equity:7.88%

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
 
END
 
 
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