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Subsidiary obtaining InFocus (Shenzhen) shares

25th May 2017 12:15

RNS Number : 2535G
Hon Hai Precision Industry Co Ld
25 May 2017
 

Subject: Subsidiary Shenzhen FuHongXun Technology Co., Ltd. obtaining InFocus Precision Industry (Shenzhen) Co., Ltd. shares

Date of events:2017/05/25

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):

InFocus Precision Industry (Shenzhen) Co., Ltd. shares

2.Date of occurrence of the event: 2017/04/21~2017/05/25

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

(1)RMB1,283,530.88(equity Investment)

(2)RMB98,716,469.12(capital increase)

Total monetary amount:RMB100,000,000

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):

(1)Equity Investment:New Pacific Industrial Limited; None

(2)Capital increase:Na

5.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department: (1)Equity Investment:Book value ;Board of Directors

(2)Capital increase: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):

RMB100,000,000approximately 100%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: 0.02%, ratio to shareholder's equity: 0.04%

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

8.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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