Hon Hai (2317-TW) announced today (2) that its subsidiary, Hongyang Venture Capital, has sanctioned 5,304 contracts for investment in Netcom’s Taiyang (2314-TW), disposing of benefits of 157 million yuan, and the remaining 2311 profits and losses will be dealt with in the follow-up It will be announced later.
From July 6th to 30th, Hongyang Venture Capital sanctioned 5,304 Taiwanese shares at 59.93 yuan per share for a total amount of 302 million yuan.
In terms of disposal benefits, Hon Hai said that 157 million yuan has been included in the undistributed surplus for the year, of which 32 million yuan was transferred from other equity in the previous year, and 125 million yuan was included in this year’s comprehensive profit and loss.
However, according to Hon Hai’s original announcement, Hongyang Ventures intends to release all 7615 of its holdings. Hon Hai stated that in accordance with the authorization of the board of directors on July 30, the profit and loss of the remaining 2311 will be announced separately based on the actual completion of the transaction.
It is understood that Hon Hai’s punishment of Taiyang was first to achieve investment and the other was to simplify the investment structure. In the future, Taiyang will be held through Jianhan, but the three-party cooperation relationship will not change as a result.
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