RNS Number : 7224J
Hon Hai Precision Industry Co Ld
25 October 2024
 

No:1

Subject: Announcement on Disposal of Assets Related to the Improvement of Buildings on behalf of Foxconn Subsidiary PCE PARAGON SOLUTIONS (MEXICO) S.A. DE C.V.

Contents:

1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):

Assets Related to the Improvement of Buildings (including plant rectification and facility equipment) located at the following addresses:

AVENIDA DEL BOSQUE 1170, COLONIA LAS PINTAS, SAN PEDRO TLAQUEPAQUE, JALISCO, MEXICO C.P. 45619; AVENIDA DEL BOSQUE 1190, UNIDAD 400, EL BOSQUE II, SAN PEDRO TLAQUEPAQUE, JALISCO, MEXICO C.P. 45615; AVENIDA DEL BOSQUE 1220, EL BOSQUE II, SAN PEDRO TLAQUEPAQUE, JALISCO, MEXICO C.P. 45615.

2.Date of occurrence of the event:2024/10/25

3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:

Transaction Quantity: One batch

Total Transaction Amount: MXN 923,918,219.84 (including tax)

4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):FII AMC MEXICO S. DE R.L. DE C.V.Affiliated Company

5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:

Reason for selecting the related party as the transaction object: Group resource integration

Previous owner: Self-built, not applicable

Relationship between the previous owner and the company: Not applicable

Relationship between the previous owner and the counterparty: Not applicable

Previous transfer date: Not applicable

Previous transfer amount: Not applicable

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction: NA

7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition): MXN 43,915,429.53

8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:

Payment 30 days after the invoice dateMXN 923,918,219.84

9.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: NegotiationBased on market priceLegal representative's consent

10.Name of the professional appraisal firm or company and its appraisal price:

KPMG Cardenas Dosal, S.C., MXN 796,481,224 (before tax)

Copper Wolf Mexico S.C., MXN 799,046,780 (before tax)

11.Name of the professional appraiser:

KPMG Cardenas Dosal, S.C.: Ruben Luengas Avila

Copper Wolf Mexico S.C.: Jose Padron

12.Practice certificate number of the professional appraiser:

KPMG Cardenas Dosal, S.C.: 4964239

Copper Wolf Mexico S.C.: 4273649

13.The appraisal report has a limited price, specific price, or special price: No

14.An appraisal report has not yet been obtained: No

15.Reason for an appraisal report not being obtained: NA

16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA

17.Name of the CPA firm: NA

18.Name of the CPA:NA

19.Practice certificate number of the CPA:NA

20.Broker and broker's fee: None

21.Concrete purpose or use of the acquisition or disposal: Group resource integration

22.Any dissenting opinions of directors to the present transaction: None

23.Whether the counterparty of the current transaction is a related party: Yes

24.Date of the board of directors resolution:2024/10/25

25.Date of ratification by supervisors or approval by the audit committee: NA

26.The transaction is to acquire a real property or right-of-use asset from a related party: No

27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: NA

28.Where the above assessed price is lower than the transaction price, the price assessed in accordance with the Article 17 of the same regulations: NA

29.Any other matters that need to be specified: None

 

 

No:2

Subject: Announcement on the acquisition of Assets Related to the Improvement of Buildings on behalf of Foxconn Subsidiary FII AMC MEXICO S. DE R.L. DE C.V.

Contents:

1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):

Assets Related to the Improvement of Buildings (including plant rectification and facility equipment) located at the following addresses:

AVENIDA DEL BOSQUE 1170, COLONIA LAS PINTAS, SAN PEDRO TLAQUEPAQUE, JALISCO, MEXICO C.P. 45619; AVENIDA DEL BOSQUE 1190, UNIDAD 400, EL BOSQUE II, SAN PEDRO TLAQUEPAQUE, JALISCO, MEXICO C.P. 45615; AVENIDA DEL BOSQUE 1220, EL BOSQUE II, SAN PEDRO TLAQUEPAQUE, JALISCO, MEXICO C.P. 45615.

2.Date of occurrence of the event:2024/10/25

3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:

Transaction Quantity: One batch

Total Transaction Amount: MXN 923,918,219.84 (including tax)

4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed): PCE PARAGON SOLUTIONS (MEXICO) S.A. DE C.V.Affiliated Company

5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer: NA

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction: NA

7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition): NA

8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:

Payment 30 days after the invoice dateMXN 923,918,219.84

9.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: NegotiationBased on market priceSole Administrator's consent

10.Name of the professional appraisal firm or company and its appraisal price:

KPMG Cardenas Dosal, S.C., MXN 796,481,224 (before tax)

Copper Wolf Mexico S.C., MXN 799,046,780 (before tax)

11.Name of the professional appraiser:

KPMG Cardenas Dosal, S.C.: Ruben Luengas Avila

Copper Wolf Mexico S.C.: Jose Padron

12.Practice certificate number of the professional appraiser:

KPMG Cardenas Dosal, S.C.: 4964239

Copper Wolf Mexico S.C.: 4273649

13.The appraisal report has a limited price, specific price, or special price: No

14.An appraisal report has not yet been obtained: No

15.Reason for an appraisal report not being obtained: NA

16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA

17.Name of the CPA firm: NA

18.Name of the CPA:NA

19.Practice certificate number of the CPA:NA

20.Broker and broker's fee: None

21.Concrete purpose or use of the acquisition or disposal: Operational needs

22.Any dissenting opinions of directors to the present transaction: None

23.Whether the counterparty of the current transaction is a related party: Yes

24.Date of the board of directors resolution:2024/10/25

25.Date of ratification by supervisors or approval by the audit committee: NA

26.The transaction is to acquire a real property or right-of-use asset from a related party: Yes

27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: NTD 1,377,385,331

28.Where the above assessed price is lower than the transaction price, the price assessed in accordance with the Article 17 of the same regulations: NA

29.Any other matters that need to be specified: None

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCBBBDGIXDDGSU