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Subsidiary obtaining Microsoft Mobile(Vietnam) Ltd

7th Jul 2016 11:52

RNS Number : 5678D
Hon Hai Precision Industry Co Ld
07 July 2016
 

Subject: Subsidiary Chief Expertise Limited obtaining Microsoft Mobile (Vietnam) Limited Liability Company's contributed charter capital

Date of events:2016/07/07

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):

Microsoft Mobile (Vietnam) Limited Liability Company's contributed charter capital

2.Date of occurrence of the event:2016/07/07~2016/07/07

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

Total consideration: Vietnamese Dong 492,426 million (equivalent to

approximately US$ 22,000,000)

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):

Microsoft Mobile Oy; none

5.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:

The consideration will be payable within seven business days of the closing date (the date on which the amended investment registration certificate and amended enterprise registration certificate are obtained from the licensing authorities of Vietnam); none; none

6.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department:negotiation; valuation; 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):

Vietnamese Dong 492,426 million (equivalent to approximately

US$ 22,000,000)100% of the contributed charter capital; 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:

0.031%; ratio to shareholder's equity: 0.069%; operating capital:

NTD 99,061,713,000

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

To own and operate a feature phone and smart phone manufacturing business operating out of a facility in Bac Ninh, Vietnam, producing primarily feature phones as well as smart phones

 

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