Subsidiary obtaining CTT (Vietnam) Co.,Ltd.
Source: RNSSubject: Subsidiary Foxconn Singapore Pte. Ltd. obtaining Competition Team Technology (Vietnam) Co.,Ltd.
Date of events:2019/08/13
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):
Competition Team Technology (Vietnam) Co.,Ltd.
2.Date of occurrence of the event:2019/08/13~2019/08/13
3.Volume, unit price, and total monetary amount of the transaction:
Total amount equals USD 25,100,000
4.Counterparty 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):
Capital Increased by Cash is not applied; Initial Investment
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:
Capital Increased by Cash is not applied
6.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department:
According to market conditions; Board of Directors
7.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):
USD25,100,100;approximately 100%;restriction of rights:None
8.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:0.2256%, ratio to shareholder's equity:0.5720%
Operating Capital:NTD-28,363,429,000
9.Concrete purpose or use of the acquisition or disposal:
Long Term Investment
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
