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Subsidiary obtaining ShenZhen Fulianwang shares

26th Oct 2017 11:23

RNS Number : 7191U
Hon Hai Precision Industry Co Ld
26 October 2017
 

Subject: Subsidiary HongFuJin Precision Electronics (ZhengZhou) CO.,LTD. obtaining ShenZhen Fulianwang IOT Intelligent Home Furnishing Co.Ltd. shares

Date of events:2017/10/26

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):

ShenZhen Fulianwang Internet Of Things Intelligent Home Furnishing

Co.Ltd. shares

2.Date of occurrence of the event: 2017/10/26~2017/10/26

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

RMB550,000,000

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):

ShenZhen Fulianwang Internet Of Things Intelligent Home Furnishing

Co.Ltd.; 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:

Subsidiary to Capital Increased by Cash

6.The manner in which the current transaction was decided, the

reference basis for the decision on price, and the decision-making

department: According to denomination; 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):

RMB3,130,000,000approximately 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: 0.9017%, ratio to shareholder's equity: 2.4775%

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

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

Long Term Investment

 

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