Source - RNS
RNS Number : 3388L
Hon Hai Precision Industry Co Ld
30 September 2016
 

 

Subject: Subsidiary FOXTEQ HOLDINGS INC. obtaining Megvii Technology Limited shares

Date of events:2016/09/30

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):Megvii Technology Limited Preferred Stock

2.Date of occurrence of the event: 2016/09/30

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

2,275,770 shares at USD$8.7882353 each; total amount equals

USD$20,000,000

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):

Megvii Technology Limited; Noen

5.The manner in which the current transaction was decided, the

reference basis for the decision on price, and the decision-making department: NegotiationAccording to market conditionsBoard 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):

2,275,550 sharesUSD20,000,000approximately 3.286%restriction

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:

2.21%; ratio to shareholder's equity: 5.88%; operating capital:

NTD131,768,410,000

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

Long Term Investment


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