Hon Hai Prec.Ind.Co HHPD Subsidiaries disposal of Fixed Asset and Equipment

  Hon Hai Prec.Ind.Co (HHPD) - Subsidiaries disposal of Fixed Asset and
  Equipment

RNS Number : 8228N
Hon Hai Precision Industry Co Ld
03 October 2012


Subject:HonHai announces on behalf of subsidiary CHI MEI COMMUNICATION
SYSTEMS, INC disposal of Fixed Asset and Equipment

Contents:

1.Name and nature of the subject matter (e.g.land located at Sublot XX, Lot
XX,

North District, Taichung City):

Land:No.323, Xingong Sec., Rende Dist., Tainan City,

Building:No.128, Shengli Rd., Rende Dist., Tainan City,

Equipment

2.Date of the occurrence of the event:2012/10/03

3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),unit
price, total

transaction price:

Land area :19,992.79 square meters, equivalent to 6,047.82 p'ing,

Amount: NTD279,445,418

Housing area: 17,288.8 square meters, equivalent to 5,229.87 p'ing and 44
units of Equipment, Amount: NTD179,403,225

Total transaction price:NTD458,848,643

4.Counterparty to the trade and its relationship with the company (if the
trading counterpart is a natural person and is not an actual related party of
the Company, the name of the trading counterpart is not required to be
disclosed):

CHI MEI CORPORATION;NO

5.Anticipated loss or profit from the disposal (not applicable in cases of
acquisition of assets) (where originally deferred, the status or recognition
shall be stated and explained):

Disposal profit:NTD170,753,198

6.Terms of delivery or payment (including payment period and monetaryamount):

According to Sales and Purchase Deed;

NA;

NA

7.The manner of deciding on this transaction (such as tender invitation, price
comparison, or price negotiation), the reference basis for the decision on
price and the decision-making department:

Negotiation;

The reference basis: Appraisal reports issued by Elite Appraisers Firm and
Evermore Consulting Co., Ltd. ;

Board of Directors

8.Name of the professional appraisal institution and its appraisal amount:

Elite Appraisers Firm and Evermore Consulting Co., Ltd.

Appraisal amount: NTD455,617,642

9.Concrete purpose or use of the acquisition or disposition:

Disposal of Idle Assets

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCEAEEDEFPAFFF -0- Oct/03/2012 10:22 GMT