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| TIDM | HHPD |
| Share Price | Loading... |
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Hon Hai Precision Industry Co Ld, on behalf of its subsidiary Foxconn Interconnect Technology Limited, announced on May 7, 2025, the termination of its plan to dispose of preferred shares in Autotalks Ltd. This action, following an original announcement on May 3, 2023, occurred because the regulatory authority failed to approve the USD 15,000,000 equity sale transaction, resulting in an inability to recognize a USD 5,000,000 disposal benefit.
| Date | 7 May 2025 |
| Time | 11:01:52 |
| Category | Miscellaneous |
| ID | 6934H |
Subject: Supplementary announcement of disposal of shares in Autotalks Ltd. on behalf of subsidiary Foxconn Interconnect Technology Limited
Contents:
1.Date of occurrence of the event:2025/05/07
2.Date of the original announcement and reporting:2023/05/03
3.Summary of the content originally announced and reported:
Sold preferred shares in Autotalks Ltd. for USD 15,000,000.
4.Reason for change and its main content:
The original equity sale transaction has been terminated due to the regulatory authority's failure to approve the deal.
5.Effect on the Company's finance and business after the change:
Inability to recognize a USD 5,000,000 disposal benefit from the Original Announcement
6.Any other matters that need to be specified: None