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Subsidiary obtaining NANNING FUGUI shares

9th Aug 2017 12:22

RNS Number : 5479N
Hon Hai Precision Industry Co Ld
09 August 2017
 

Subject: Subsidiary HONGFUJIN PRECISION INDUSTRY (SHENZHEN) CO., LTD. obtaining NANNING FUGUI PRECISION INDUSTRIAL CO., LTD. shares

Date of events: 2017/08/09

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):

Scientific-Atlanta de Mexico S. de R. L. de C. V. shares

2.Date of occurrence of the event: 2017/08/09

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

RMB300,000,000

4.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

5.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):

USD15,670,000approximately 24.35%restriction of rights:None

6.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: 1.4527%, ratio to shareholder's equity: 3.8050%

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

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

Long Term Investment

8.Any other matters that need to be specified:

XinYu Sijifeng Investment Partnership transferred the right to participate in the rights issue of Nanning Fugui Precision Industrial Co., Ltd. to HonFuJin (Shenzhen) without compensation; HonFuJin (Shenzhen) then invested 14.05% in Nanning Fugui Precision Industrial Co., Ltd.

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