TAIPEI - Jusda International Limited, a subsidiary of Hon Hai (TW:2317) Precision Industry Co., Ltd., has acquired all remaining shares of Joyspeed Global Cargo (China) Limited for a total purchase price of HKD 462,060,000. The transaction involved 3,920,000 shares at a unit price of HKD 117.87 each.
The acquisition occurred on Monday, making Jusda the sole owner of Joyspeed Global Cargo with a cumulative total of 8,000,000 shares. This move aligns with Jusda's strategy of long-term investment. The shares were acquired from Wu's Limited, a non-related party, through a negotiation process based on market price, as determined by the Board of Directors of Jusda.
According to the information provided, there are no dissenting opinions from the directors regarding this transaction, and it does not involve a change of business model for Jusda. The company's investment in Joyspeed Global Cargo represents a 0.10% ratio to its total assets and a 0.22% ratio to the equity attributable to the owners of the parent, based on the most recent financial statements.
The net worth per share of the acquired securities is NTD 46.06. The transaction's funding comes from private capital, and there was no broker or broker's fee involved in the deal. Additionally, no restrictive covenants or other significant terms and conditions were reported.
The acquisition does not involve any related parties, and the transaction has not been subject to board resolution or ratification by supervisors or approval by the Audit Committee. The independent CPA, Danny Cheng from ATAX Accounting Firm, holding practice certificate number Financial-Supervisory-Securities-corporate-5720, has not issued an unreasonable opinion regarding the transaction.
This strategic acquisition is based on a press release statement and the details provided are in accordance with the London Stock Exchange (LON:LSEG) news service.
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