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Subsidiary obtaining Nanjing HongFuSharp shares

8th Nov 2019 10:20

RNS Number : 7965S
Hon Hai Precision Industry Co Ld
08 November 2019
 

No.1

Subject:Subsidiary FuXiang Precision Industrial (KunShan) CO.,LTD. obtaining Nanjing HongFuSharp Precision Electronics Co.,Ltd. shares

Date of events:2019/11/08

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):

Nanjing Hongfusharp Precision Electronics Co.,Ltd. shares

2.Date of occurrence of the event:2019/11/08~2019/11/08

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

Debt-equity swap RMB590,000,000

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):

Nanjing Hongfusharp Precision Electronics Co.,Ltd.; Connection company

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:

Debt-equity swap; 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):

Competition Optical Technology Ltd.:

USD170,000,000; approximately 32.86%;restriction of rights:None

 

HongFuJin Precision Electronics (YanTai) Co., LTD.:

USD28,700,421;approximately 5.55%;restriction of rights:None

 

FuXiang Precision Industrial (KunShan) CO.,LTD.:

RMB590,000,000;approximately 16.59%;restriction of rights:None

 

HongZhun Precision Tooling (KunShan) Co.,LTD.:

RMB1,200,000,000;approximately 33.75%;restriction of rights:None

 

FuDing Electronic Technology (JiaShan) Co.,LTD.:

RMB400,000,000;approximately 11.25%;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:0.1966%, ratio to shareholder's equity:0.4985%

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:2019/11/08

12.Date of the recognition of the supervisors or the board of independent directors'resolution:2019/11/08

13.Name of the CPA firm:

Honest China (shanhai) Certified Public Accountants (GP)

14.Name of the certifying CPA:Ying Hui

15.The practice certificate number of the CPA:420000974738

 

 

No.2

Subject: Subsidiary HongZhun Precision Tooling (KunShan) Co.,LTD. obtaining Nanjing HongFuSharp Precision Electronics Co.,Ltd. shares

Date of events:2019/11/08

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):

Nanjing Hongfusharp Precision Electronics Co.,Ltd. shares

2.Date of occurrence of the event:2019/11/08~2019/11/08

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

Debt-equity swap RMB1,200,000,000

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):

Nanjing Hongfusharp Precision Electronics Co.,Ltd.; Connection company

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:

Debt-equity swap; 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):

Competition Optical Technology Ltd.:

USD170,000,000; approximately 32.86%;restriction of rights:None

 

HongFuJin Precision Electronics (YanTai) Co., LTD.:

USD28,700,421;approximately 5.55%;restriction of rights:None

 

FuXiang Precision Industrial (KunShan) CO.,LTD.:

RMB590,000,000;approximately 16.59%;restriction of rights:None

 

HongZhun Precision Tooling (KunShan) Co.,LTD.:

RMB1,200,000,000;approximately 33.75%;restriction of rights:None

 

FuDing Electronic Technology (JiaShan) Co.,LTD.:

RMB400,000,000;approximately 11.25%;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:0.1715%, ratio to shareholder's equity:0.4348%

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:2019/11/08

12.Date of the recognition of the supervisors or the board of independent directors'resolution:2019/11/08

13.Name of the CPA firm:

Honest China (shanhai) Certified Public Accountants (GP)

14.Name of the certifying CPA:Ying Hui

15.The practice certificate number of the CPA:420000974738

 

 

No.3

Subject: Subsidiary FuDing Electronic Technology (JiaShan) Co.,LTD. obtaining Nanjing HongFuSharp Precision Electronics Co.,Ltd. shares

Date of events:2019/11/08

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):

Nanjing Hongfusharp Precision Electronics Co.,Ltd. shares

2.Date of occurrence of the event:2019/11/08~2019/11/08

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

Debt-equity swap RMB400,000,000

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):

Nanjing Hongfusharp Precision Electronics Co.,Ltd.; Connection company

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:

Debt-equity swap; 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):

Competition Optical Technology Ltd.:

USD170,000,000; approximately 32.86%;restriction of rights:None

 

HongFuJin Precision Electronics (YanTai) Co., LTD.:

USD28,700,421;approximately 5.55%;restriction of rights:None

 

FuXiang Precision Industrial (KunShan) CO.,LTD.:

RMB590,000,000;approximately 16.59%;restriction of rights:None

 

HongZhun Precision Tooling (KunShan) Co.,LTD.:

RMB1,200,000,000;approximately 33.75%;restriction of rights:None

 

FuDing Electronic Technology (JiaShan) Co.,LTD.:

RMB400,000,000;approximately 11.25%;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:0.2084%, ratio to shareholder's equity:0.5284%

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:2019/11/08

12.Date of the recognition of the supervisors or the board of independent directors'resolution:2019/11/08

13.Name of the CPA firm:

Kunshan Zhongyu Certified Public Accountants (GP)

14.Name of the certifying CPA: Zhu Feisheng

15.The practice certificate number of the CPA: 320503040003

 

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.
 
END
 
 
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