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To announce the disposal of PRC investment

25th Mar 2013 12:27

RNS Number : 7840A
Hon Hai Precision Industry Co Ld
25 March 2013
 

Subject:To announce the disposal of PRC investment

Date of events:2013/03/25

Contents:

1.Date of occurrence of the event:2013/03/25

2.Method of the present increase (decrease) in investment:

The Company's subsidiary Foxconn (Far East) Limited-CAYMAN turn invested

subsidiary Ocean TriumphLimited disposal held MediaMarkt (China)

International Retail Holding Ltd. 25% stake, indirect disposal of

MediaMarkt (Shanghai) Consulting Service Company Limited and MediaMarkt

(Shanghai) Commercial & Trading Company Limited

3.Transaction volume, price per unit, and total monetary

amount of the transaction:USD$17,500,000

4.Paid-in capital of said invested mainland Chinese company:

MediaMarkt (Shanghai) Consulting Service Company Limited:USD$35,000,000

MediaMarkt (Shanghai) Commercial & Trading Company Limited:USD$135,000,000

5.Amount of new capital increment currently planned by said invested mainland Chinese company:na

6.Main business items of said invested mainland Chinese

MediaMarkt (Shanghai) Consulting Service Company Limited:Consulting Service

MediaMarkt (Shanghai) Commercial & Trading Company Limited:3C

7.Amount of actual investment to date in said invested mainland Chinese company:

MediaMarkt (Shanghai) Consulting Service Company Limited:USD$8,750,000

MediaMarkt (Shanghai) Commercial & Trading Company Limited:USD$41,250,000

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