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Hon Hai Prec.Ind.Co (HHPD)

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Tuesday 14 November, 2017

Hon Hai Prec.Ind.Co

Disposal machine equipment announcement.

RNS Number : 4529W
Hon Hai Precision Industry Co Ld
14 November 2017
 

Subject: Disposal machine equipment announcement.

Date of events:2017/11/14

Contents:

1.Name and nature of the subject matter (e.g.land located at

  Sublot XX, Lot XX, North District, Taichung City):machine equipment

2.Date of the occurrence of the event:2017/11/14~2017/11/14

3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),

  unit price, total transaction price:

Batch of machine equipment; NTD31,430,930,179

4.Counterparty to the trade and its relationship with the company (if

  the trading counterpart is a natural person and is not an actual

  related

  party of the Company, the name of the trading counterpart is not

  required to be disclosed):

INNOLUX CORPORATION;Other related party

5.Where the counterpart to the trade is an actual related party, a

  public announcement shall also include 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 the date of

  acquisition: Improve equipment maintenance and production efficiency

6.Anticipated loss or profit from the disposal (not applicable in cases

  of acquisition of assets) (where originally deferred, the status or

  recognition shall be stated and explained):Disposal loss NT$8,773,106.

7.Terms of delivery or payment (including payment period and monetary

  amount), restrictive covenants in the contract,

  and other important stipulations:

Follow the terms and conditions in the contract, this transaction also

including shipping cost ; hoisting fee and the move-in equipment in

Sep./Oct., the amount is NT$1,817,361,322.

Other important stipulations:None

8.The manner of deciding on this transaction (such as tender invitation

  , price comparison, or price negotiation), the reference basis for the

  decision on price and the decision-making department:

appraisal;

reference by marketing price and appraisal report issued by Wua Yuan

Appraisal Co., Ltd.;

Board of Directors

9.Name of the professional appraisal institution and its appraisal

   amount:

Wua Yuan Appraisal Co., Ltd.; Appraisal Amount: NT$29,613,568,857.

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

Improve equipment maintenance and production efficiency

 


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