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Supplement 2017/12/28 disposal FOXCONN CZ shares

26th Jan 2018 11:02

RNS Number : 0615D
Hon Hai Precision Industry Co Ld
26 January 2018
 

Subject: Supplement to 2017/12/28 Announcement Subsidiary Foxconn Holding BV,part of the Hon Hai Group has disposal FOXCONN CZ s.r.o. shares

Date of events:2018/01/26

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):

FOXCONN CZ s.r.o. shares

2.Date of occurrence of the event:2018/01/26~2018/01/26

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

USD346,205,679

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):

Cloud Network Technology Kft;Connection company

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:

Organization Structure Modification

6.Anticipated profit or loss from the disposal (not applicable in

cases of acquisition of securities) (where originally deferred, the

status or recognition shall be stated and explained):

This disposal of securities belongs to group restructuring under common

control. Based on IFRS, the difference NTD183M between transaction price

and book value of disposed investment is recognized as Capital Surplus

instead of disposal gain.

7.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

8.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):

USD0approximately 0%restrictiion of rights:None

9.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:0.2478%, to shareholder's equity:0.6748%

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

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

Organization Structure Modification

 

 

 

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

Hon Hai Precsn
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