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Pin to quick picksHon Hai Precsn Regulatory News (HHPD)

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Company announces indirect PRC investment

11 Nov 2016 12:36

RNS Number : 0030P
Hon Hai Precision Industry Co Ld
11 November 2016
 

Subject: Company announces indirect PRC investment

Date of occurrence of the event:2016/11/11

No.1

Contents:

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

The Company invests in Lankao Yuzhan Precision Technology Co.LTD.via increasing investment in Foxconn (Far East) Limited-Cayman,one of the Company's subsidiary, that invests in Best Behaviour Holdings Limited that invests in China Galaxy Enterprises Limited

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

amount of the transaction: USD270,000,000

3.Company name of the invested mainland Chinese company:

Lankao Yuzhan Precision Technology Co., LTD.

4.Paid-in capital of said invested mainland Chinese company: USD52,465,000

5.Amount of new capital increment currently planned by said invested mainland Chinese company: USD270,000,000

6.Main business items of said invested mainland Chines company:

Research , development , production, and sales of optical lens, glass product, and metal parts.

7.Amount of actual investment to date in said invested mainland Chinese company: USD52,465,000

8.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department: Board of Directors

9.Concrete purpose of the acquisition or disposal:

Long Term Investment

 

No.2

Contents:

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

The Company invests in Lankao Yude Packaging Technology Co.LTD.via increasing investment in Foxconn (Far East) Limited-Cayman,one of the Company's subsidiary, that invests in Best Behaviour Holdings Limited that invests in New Wealth Industrial Limited

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

amount of the transaction: USD33,000,000

3.Company name of the invested mainland Chinese company:

Lankao Yude Packaging Technology Co., LTD.

4.Paid-in capital of said invested mainland Chinese company:USD12,000,000

5.Amount of new capital increment currently planned by said invested mainland Chinese company:USD33,000,000

6.Main business items of said invested mainland Chines company:

Production and sales of cardboard boxes, printed printed boxes, and packing boxes

7.Amount of actual investment to date in said invested mainland Chinese company:USD12,000,000

8.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department: Board of Directors

9.Concrete purpose of the acquisition or disposal:

Long Term Investment

 

No.3

Contents:

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

The Company invests in FuYang Soleros Technology (Nanyang) Co.LTD.via increasing investment in Foxconn (Far East) Limited-Cayman,one of the Company's subsidiary, that invests in Best Behaviour Holdings Limited that invests in China Galaxy Enterprises Limited

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

amount of the transaction: USD30,000,000

3.Company name of the invested mainland Chinese company:

FuYang Soleros Technology (Nanyang) CO.,Ltd.

4.Paid-in capital of said invested mainland Chinese company: RMB243,650,000

5.Amount of new capital increment currently planned by said invested mainland Chinese company: USD30,000,000

6.Main business items of said invested mainland Chines company:

Solar power station

7.Amount of actual investment to date in said invested mainland Chinese company: USD0

8.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department: Board of Directors

9.Concrete purpose of the acquisition or disposal:

Long Term Investment

 

No.4

Contents:

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

The Company invests in Pinhole (Beijing) Technology Co.LTD.via increasing investment in Foxconn (Far East) Limited-Cayman,one of the Company's subsidiary, that invests in Foxteq Holding Inc. that invests in Megvii Technology Limited that invests in Megvii Technology (HK) Limited

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

amount of the transaction: USD20,000,000

3.Company name of the invested mainland Chinese company:

Pinhole (Beijing) Technology Co., Ltd.

4.Paid-in capital of said invested mainland Chinese company: USD35,000,000

5.Amount of new capital increment currently planned by said invested mainland Chinese company: USD20,000,000

6.Main business items of said invested mainland Chines company:

Software technology development

7.Amount of actual investment to date in said invested mainland Chinese company: USD0

8.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department: Board of Directors

9.Concrete purpose of the acquisition or disposal:

Long Term Investment

 

 

No.5

Contents:

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

The Company invests in Fu Jin Ji Network Science-Technology (Henan) Co.LTD.via increasing investment in Foxconn (Far East) Limited-Cayman,one of the Company's subsidiary,that invests Flying Tiger Holdings Co., Ltd. that invests in Jin Ji Full Internet Of Things Security Data Co., Ltd. that invests in Fu Jin Ji Co., Limited

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

amount of the transaction: RMB82,000,000

3.Company name of the invested mainland Chinese company:

Fu Jin Ji Network Science-Technology (Henan) CO.,Ltd.

4.Paid-in capital of said invested mainland Chinese company: RMB18,000,000

5.Amount of new capital increment currently planned by said invested mainland Chinese company: RMB82,000,000

6.Main business items of said invested mainland Chines company:

E-Commerce

7.Amount of actual investment to date in said invested mainland Chinese company: USD2,746,547

8.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department: Board of Directors

9.Concrete purpose of the acquisition or disposal:

Long Term Investment

 

 

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