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Subsidiary obtaining of financial products

24th Apr 2014 10:55

RNS Number : 4263F
Hon Hai Precision Industry Co Ld
24 April 2014
 

No1.

Subject: Subsidiary,FU TAI KANG ELECTRONICS DEVELOPMENT(YANTAI)

LTD.,announces obtaining of financial products

Date of events:2014/04/24

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): 

Bank of Communications, "Yun Tong wealth, increasing profits 45 days" financial products

2.Date of occurrence of the event:2014/04/24

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

RMB90,000,000

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):

BANK OF COMMUNICATIONS; None

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

Pay in lump sum

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

Follow company procurement authorization guideline

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):RMB90,000,000

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:0.0522%, to shareholder's equity:0.1368%

Operating Capital:NTD109,359,399,000

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

Investment/Insured captial and benefit

 

No2.

Subject: Subsidiary, Hun Xun Electrical Industry (Hangzhou) CO.,LTD.,announces obtaining of financial products

Date of events:2014/04/24

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): 

Agricultural Bank of China, "Golden KeyBen Li Feng" 2014 Section 1144 RMB Financial Products

2.Date of occurrence of the event:2014/04/24

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

RMB180,000,000

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):

AGRICULTURAL BANK OF CHINA XIASHA BRANCH; None

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

Pay in lump sum

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

Follow company procurement authorization guideline

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):RMB180,000,000

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:0.0446%, to shareholder's equity:0.1168%

Operating Capital:NTD109,359,399,000

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

Investment/Insured captial and benefit

 

No3.

Subject: Subsidiary, Foxway Precision Industry (Hangzhou) CO.,LTD.,announces obtaining of financial products

Date of events:2014/04/24

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): 

Agricultural Bank of China, "Golden KeyBen Li Feng" 2014 Section 1144 RMB Financial Products

2.Date of occurrence of the event:2014/04/24

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

RMB120,000,000

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):

AGRICULTURAL BANK OF CHINA XIASHA BRANCH; None

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

Pay in lump sum

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):RMB120,000,000

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:0.0297%, to shareholder's equity:0.0778%

Operating Capital:NTD109,359,399,000

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

Investment/Insured captial and benefit

 

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