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Subsidiary Pacific Wealth obtaining FSK shares

26th Mar 2015 07:00

RNS Number : 5006I
Hon Hai Precision Industry Co Ld
26 March 2015
 



Subject: Subsidiary Pacific Wealth Consultants Limited obtaining FSK Holdings Limited shares

Date of events:2015/03/25

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):

FSK Holdings Limited shares

2.Date of occurrence of the event:2015/03/25~2015/03/25

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

45 shares at a per-share price of HKD5,000,000 and for a total consideration of

HKD225,000,000.

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

According to the Joint Venture Agreement, after obtaining approval from Korea authority for overseas investment, Pacific Wealth Consultants Limited will transfer 30% of its shares (i.e., 13.5 shares) to SK C&C Co., Ltd. at the same price as Pacific Wealth Consultant Limited originally paid for such shares.

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

The manner and price of this transaction were determined based on and

pursuant to the Joint Venture Agreement. Decision on this transaction

was made by the Board of Directors.

6.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):

45 shares with an amount of HKD225,000,000, representing 45% of the

total issued shares of FSK Holdings Limited The shares are not subject

to any restriction of rights.

7.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:0.0482%, to shareholder's equity:0.1064%

Operating Capital:NTD124,641,770,000

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

To develop IT Service business

 

 

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