According to the announcement of Taiwan Stock Exchange , Hon Hai Precision subsidiary Bharat FIH Limited submitted the listing application documents of Mumbai Stock Exchange and India National Stock Exchange on the 21st of this month, which constituted delays the input of major information from the public information observatory, and will impose a fine of NT$3.1 million (about 23,030 yuan) on in accordance with regulations.
Hon Hai announced on the 23rd that its subsidiary Fuzhikang plans to split its Indian subsidiary BFIH (Bharat FIH Limited), and independently list on two major Indian stock exchanges (Mumbai Stock Exchange and the Indian Stock Exchange). The spin-off work is expected to be completed in 2022. BFIH is currently an indirect 100% subsidiary of Fuzhikang. It is recommended that after the spin-off is completed, the share of BFIH equity held by Fuzhikang is expected to be reduced to no less than 75%; BFIH will continue to be a subsidiary of Fuzhikang, and Fuzhikang will continue to recognize the BFIH financial report.
However, this news touched the Stock Exchange 's delayed disclosure regulations, and Hon Hai also received a fine.
Stock Exchange pointed out that Bharat FIH Limited, a subsidiary of Hon Hai Precision Industrial, submitted the listing application document B of the Mumbai Stock Exchange Co., Ltd. and the State Stock Exchange Co., Ltd. on December 21. After investigation, it complies with Article 4, Item 1, Paragraph 50 of the Stock Exchange's "Verification and Public Processing Procedure for Major Information of Listed Securities Companies". However, Hon Hai delayed the entry of major information page of the Public Information Observation Station, which violated the provisions of the previous disclosure processing procedure, so the Stock Exchange was subject to a liquidated damages of NT$100,000.
