Company Announcements

Subsidiary,Cybernet obtaining Playground L.P

Source: RNS
RNS Number : 4528F
Hon Hai Precision Industry Co Ld
14 July 2019
 

Subject: Subsidiary, Cybernet Venture Capital Corp obtaining Playground Ventures II,L.P

Date of events: 2019/07/12

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):

Playground Ventures II, L.P

2.Date of occurrence of the event: 2018/08/16~2019/07/12

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

USD62,400,000

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):

Playground Ventures II, L.P ;None

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

Follow company procurement authorization guideline and 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):

USD80,000,000restriction of rights: None

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:0.66%, ratio to shareholder's equity:1.60%

Operating Capital:NTD-28,636,429,000

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

Long Term Investment

 

 

 


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