Company Announcements

Subsidiary CyberNet obtaining eLux Inc. shares.

Source: RNS
RNS Number : 6865F
Hon Hai Precision Industry Co Ld
19 May 2017
 

Subject: Subsidiary CyberNet Venture Capital Corp. obtaining eLux Inc. shares.

Date of events:2017/05/19

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):

eLux Inc. preference shares

2.Date of occurrence of the event: 2017/05/19

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

1,000,000 shares at USD$10 each; total amount equals USD$10,000,000

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

The amount of US$4,650,000 will be invested by May 31 2017, and

US$5,350,000 will be invested by October 31 2017.

5.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

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):

1,000,000 sharesUSD10,000,000approximately 37%restriction of rights:None

6.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: 0.03%, ratio to shareholder's equity: 0.09%

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

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

Develop new business

 


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