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Pin to quick picksHon Hai Precsn Regulatory News (HHPD)

Share Price Information for Hon Hai Precsn (HHPD)

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Company announces indirect PRC investment

11 Aug 2016 14:35

RNS Number : 9666G
Hon Hai Precision Industry Co Ld
11 August 2016
 

Subject: Company announces indirect PRC investment

To which item it meets--article 4 paragraph xx:20

Date of events:2016/08/11

Contents:

1.Date of occurrence of the event:2016/08/11

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

The company Invests Fargan Technology (ShenZhen) Co., Ltd.,via increasing investment in Foxconn (Far East) Limited,one of the company's subsidiary, that invests in Flying Tiger Holdings Co., Ltd. that invests Jin Ji Full Internet Of Things Security Data Co., Ltd. that invests In Fargan Technology Co., Ltd.

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

amount of the transaction:USD20,000,000

4.Company name of the invested mainland Chinese company:

Fargan Technology (ShenZhen) Co., Ltd.

5.Paid-in capital of said invested mainland Chinese company:USD0

6.Amount of new capital increment currently planned

by said invested mainland Chinese company:USD20,000,000

7.Main business items of said invested mainland Chinese company:Backlight

8.Amount of actual investment to date in said invested mainland Chinese company:0

9.Counterparty to the transaction and its relationship to the Company:Fargan Technology (ShenZhen) Co., Ltd.;parent and subsidiary companies

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

11.Concrete purpose of the acquisition or disposal:Operating requirements

12.Total amount of mainland China area investment (including the present investment) approved by the Investment Commission to date:US9,564,761,406.24

13.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the paid-in capital on the financial statement for the most recent period:197.43%

14.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the total assets on the financial statement for the most recent period:11.92%

15.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the shareholders' equity on the financial statement for the most recent period:31.69%

16.Total amount of actual investment in the mainland China area to date:US$6,792,475,285.70

17.Ratio of the total amount of actual investment in the mainland China area to date to the paid-in capital on the financial statement for the most recent period:140.21%

18.Ratio of the total amount of actual investment in the mainland China area to date to the total assets on the financial statement for the most recent period:8.47%

28.Ratio of the total amount of actual investment in the mainland China area to date to the shareholders' equity on the financial statement for the most recent period:22.51%

19.Amount of recognized profits and losses on investment in the mainland China area for the most recent three fiscal years:

2013: NT$ 31,352,468,000;

2014: NT$ 89,789,836,000;

2015: NT$ 95,073,703,000

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