Hon Hai Precision Industry : Subsidiary Foxconn (Far East) Limited resolved properties refund capital reduction by returning the shares of Sharp Corporation
Subsidiary Foxconn (Far East) Limited resolved
properties refund capital reduction by returning the
shares of Sharp Corporation
Date of events
2022/01/07
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/01/07
2.Reason for capital reduction:optimize company structure
3.Amount of capital reduction:USD252,000,000
4.Cancelled shares:252,000,000
5.Capital reduction percentage:3.13%
6.Share capital after capital reduction:USD7,809,628,745
7.Scheduled date of the shareholders meeting:2022/01/07
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:NA
9.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:NA
10.Please explain any countermeasures for lower circulation in
shareholding if the aforesaid estimated no.of listed common shares upon
capital reduction does not reach 60 million and the percentage does not
reach 25%:NA
11.The record date for capital reduction:NA
12.Any other matters that need to be specified: Foxconn (Far East) Limited
will reduce its capital via payment in Sharp Corporation stock 14,900,000
shares (The transaction price is the closing price on the day before board
resolution date) and in cash of USD$78,211,690 to shareholder Hon Hai
Precision Ind. Co., Ltd.
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Hon Hai Precision Industry Co. Ltd. published this content on 07 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2022 11:17:05 UTC.
Hon Hai Precision Industry Co Ltd is a Taiwan-based company mainly engaged in the provision of various connectors, housings, radiators, assembled products and related products related to the information industry, communication industry, automation equipment industry, optoelectronics industry, precision machinery industry, automotive industry, and consumer electronics industry, as well as the manufacture and sale of optical and network cable assembly and other products. The Company's products include smartphones, televisions, game consoles, servers, computers, tablets, connectors. The Company operates businesses in domestic and overseas markets.
Hon Hai Precision Industry : Subsidiary Foxconn (Far East) Limited resolved properties refund capital reduction by returning the shares of Sharp Corporation