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

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


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

North District, Taichung City):

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

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


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


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;



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:


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


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