HonYuan secures full ownership of Sharp Fukuyama Laser

TAIPEI - HonYuan International Investments Co., Ltd., a subsidiary of Hon Hai (TW:2317) Precision Industry Co., Ltd., has fully acquired Sharp (OTC:SHCAY) Fukuyama Laser CO., LTD., marking a significant expansion move by the Taiwanese multinational electronics contract manufacturer. The transaction, which took place today, involved the purchase of 1,200 common shares at a unit price of JPY 12,916,667, totaling JPY 15,500,000,000.

The shares were acquired from Sharp Corporation, an affiliate and the parent company of Sharp Fukuyama Laser CO., LTD. This strategic acquisition results in HonYuan holding a 100% shareholding percentage in the laser company, with no restrictions on rights reported.

This investment represents a 0.21% ratio to Hon Hai’s total assets and a 0.39% ratio to the equity attributable to the owners of the parent, based on the most recent financial statement. The transaction did not involve any brokers or broker’s fees and was funded through private capital.

The transaction was decided through negotiation, with the price based on the market rate and approved by written consent of the sole director of HonYuan. The completion of the deal is contingent on obtaining approvals from relevant regulatory authorities.

Hon Hai has stated that the purpose of this acquisition is for business expansion. No dissenting opinions were reported from directors regarding this transaction, and no unreasonable opinions have been issued by the CPA firm Ezone CPAs, with CPA LU, CHING-CHUNG handling the transaction.

The acquisition does not involve any change in the business model for Hon Hai or Sharp Fukuyama Laser CO., LTD., and there have been no transactions with the counterparty in the past year nor are any expected in the coming year.

This move by HonYuan International Investments is based on a press release statement and is expected to consolidate Hon Hai’s position in the electronics manufacturing sector by integrating laser technology capabilities from Sharp Fukuyama Laser.

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