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Subsidiary obtaining HENAN FUCHI shares.

19th Oct 2017 11:21

RNS Number : 0926U
Hon Hai Precision Industry Co Ld
19 October 2017
 

Subject: Subsidiary HongFuJin Precision Electronics (ZhengZhou) Co., LTD. obtaining HENAN FUCHI TECHNOLOGY CO., LTD shares.

Date of events: 2017/10/19

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):

HENAN FUCHI TECHNOLOGY CO., LTD. shares

2.Date of occurrence of the event: 2017/1/15~2017/10/19

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

RMB220,000,000

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):

HENAN FUCHI TECHNOLOGY CO., LTD.; 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:

Subsidiary to Capital Increased by Cash

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):

RMB220,000,000approximately 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: 2.0348%, ratio to shareholder's equity: 5.5911%

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

9.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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