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Subsidiary Obtaining Shanghai Fnconn Shares

19th Aug 2019 10:43

RNS Number : 4911J
Hon Hai Precision Industry Co Ld
19 August 2019
 

Subject:Subsidiary Hongfujin Precision Industry (Shenzhen) Co., Ltd. Obtaining Shanghai Fnconn Commercial Factoring Co.,Ltd. Shares

Date of events:2019/08/19

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):

Shanghai Fnconn Commercial Factoring Co.,Ltd.shares

2.Date of occurrence of the event:2019/08/19~2019/08/19

3.Volume, unit price, and total monetary amount of the transaction:RMB320,000,000

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):

Capital Increased by Cash is not applied;Parent and subsidiary companies

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:

Increase by cash in subsidiary's capital;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):

RMB485,000,000;approximately 100%;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:2.23%, ratio to shareholder's equity:5.65%

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:2019/08/19

 

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.
 
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