Company Announcements

Hongfucheng (Chengdu) obtaining shares

Source: RNS
RNS Number : 4427G
Hon Hai Precision Industry Co Ld
26 July 2021
 

No:1

Subject:Subsidiary Hongfucheng Precision Electronics (Chengdu) Co., Ltd. obtaining Hongfucheng Technology (Tianjin) Co., Ltd. shares

Contents:

1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):Hongfucheng TechnologyTianjinCo., Ltd. shares

2.Date of occurrence of the event:2021/07/26

3.Amount, unit price, and total monetary amount of the transaction:RMB185,000,000

4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):Cash investment is not applied;parent and subsidiary companies

5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:Cash increase;Na

6.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:None

7.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit:Board of Directors

8.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment:RMB1,001,000,000approximately 100%restriction of rights:None

9.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present:

Ratio to total assets:0.1302%, ratio to shareholder's equity:0.3396%

Operating Capital:NTD-125,205,791,000

10.Concrete purpose or use of the acquisition or disposal:Long Term Investment

11.Whether the counterparty of the current transaction is a related party:YES

12.Date of the board of directors resolution:2021/07/26

13.Date of ratification by supervisors or approval by the Audit Committee:2021/07/26

14.Details on transactions with the counterparty for the past year and the expected coming year:

The past one year:RMB585,000,000

The next year:RMB0

15.Source of funds:private capital

16.Any other matters that need to be specified:None

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCFZGZNLVRGMZG