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FIH Mobile Limited — Capital/Financing Update 2021
Oct 26, 2021
50355_rns_2021-10-26_10d3494d-145b-4fb5-b1fb-10f5bc622a19.pdf
Capital/Financing Update
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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FIH Mobile Limited 富智康集團有限公司
(incorporated in the Cayman Islands with limited liability) (Stock Code: 2038)
INTRA-GROUP CAPITAL INJECTION AND ACQUISITION
This announcement is made by FIH Mobile Limited (the “ Company ”) on a voluntary basis. Pursuant to applicable disclosure requirements laid down by the Taiwan Stock Exchange Corporation, Hon Hai Precision Industry Co. Ltd. (for identification purposes only, being the Company’s ultimate controlling shareholder whose shares are listed on the Taiwan Stock Exchange Corporation) is required to make announcements regarding the subject matters of this announcement. In order to facilitate timely dissemination of information to investors and potential investors in Hong Kong and Taiwan, the Company would like to make this announcement simultaneously upon such disclosure in Taiwan.
It is hereby announced that on 26 October 2021, Wonderful Stars Pte. Ltd. (an indirect wholly-owned subsidiary of the Company incorporated in Singapore) (“ Wonderful Stars ”) made a capital injection (the “ Capital Injection ”) in Mobile Drive Netherlands B.V. (a direct wholly-owned subsidiary of Wonderful Stars incorporated in the Netherlands) (“ MD Netherlands ”) in an aggregate amount of US$40,000,000 to subscribe for additional approximately 33,830,731 shares in MD Netherlands.
The Capital Injection serves to enable MD Netherlands to acquire from Mobile Drive Holdings Limited (an indirect wholly-owned subsidiary of the Company incorporated in the British Virgin Islands) (“ MD BVI ”) the entire issued share capital of Mobile Drive Technology Co., Ltd. (a direct wholly-owned subsidiary of MD BVI) (“ MD Taiwan ”), comprising 59,000,000 shares in MD Taiwan, at the total consideration of US$36,107,818.08 (the “ Acquisition ”). Completion of the Acquisition is expected to take place on 27 October 2021.
Immediately following completion of both the Capital Injection and the Acquisition, MD Taiwan will become a direct wholly-owned subsidiary of MD Netherlands.
MD Taiwan is principally engaged in research and development as well as sales of handsets.
Neither the Capital Injection nor the Acquisition, individually or collectively, constitutes a notifiable transaction or a connected transaction for the Company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
By Order of the Board CHIH Yu Yang Acting Chairman
Hong Kong, 26 October 2021
As at the date of this announcement, the board of directors of the Company comprises three executive directors, namely Mr. CHIH Yu Yang, Dr. KUO Wen-Yi and Mr. MENG Hsiao-Yi; and three independent non-executive directors, namely Mr. LAU Siu Ki, Dr. Daniel Joseph MEHAN and Mr. TAO Yun Chih.