December 17th news, Hon Hai Group issued an announcement at 10:30 on the 16th, announcing that it had transferred all the shares of Beijing Zhiguangxin Holdings Co., Ltd., a parent company of Unigroup, which was previously indirectly held by Jianxingwei Fund, to Yantai Haixiu Integrated Circuit Industry Investment Center at a price of no less than RMB 5.38 billion. This also means that Hon Hai withdrew from its investment in Unigroup.
On the evening of July 13 this year, Unigroup issued an announcement on the court's ruling to confirm the implementation of the "Reorganization Plan for Substantive Merger and Reorganization of Unigroup Group Co., Ltd. and other seven enterprises". On July 13, the administrator received the fifth " Civil Ruling " delivered by the Beijing No. 128 Beijing No. 01 Break No. 128. According to the Civil Ruling, the Beijing No. 1 Intermediate People's Court ruled to confirm that the reorganization plan for the substantive merger and reorganization of seven enterprises including Unisplendour Group Co., Ltd. has been implemented and the reorganization procedure for the seven enterprises including was terminated.
Before that, on July 11, Unigroup had completed the registration procedures for the company's equity and the new directors, supervisors and general managers. The original shareholders Tsinghua Holdings Co., Ltd. and Beijing Jiankun Investment Group Co., Ltd. all withdrew. Beijing Zhiguangxin Holdings Co., Ltd. (hereinafter referred to as "Zhiguangxin Holdings") established by the strategic investor "Zhilu Jianguang Consortium" took over 100% of the equity of Unigroup, and the equity of Unigroup was successfully completed.
Subsequently, the equity structure of Zhiguangxin Holdings was officially exposed. Among them, Hon Hai Group participated in the Shengyue (Guangzhou) Industrial Investment Partnership (Limited Partnership) led by Guangzhou state-owned assets invested 6 billion yuan through the investment fund established by its subsidiary Industrial FULL and Zhilu Assets. Shengyue (Guangzhou) Industrial Investment Partnership (Limited Partnership) through the investment fund established by its subsidiary Industrial FULL and Zhilu Assets, and then Shengyue directly invested in Zhiguangxin, holding 20.0364%, which is equivalent to indirectly controlling 20.0364% of the equity of Unigroup Group.
htmlAround July 15, Hon Hai Group issued an announcement confirming that it indirectly participated in the investment in Unigroup through its subsidiary Foxconn. However, the investment of FUNIC, a subsidiary of Hon Hai, has not been approved by relevant units of the Taiwan authorities in advance. The transaction may be rejected and may face a fine of NT$25 million (approximately RMB 5.645 million).On July 21, at the performance presentation conference on "The Great Future of Technology" held by Taiwan Stock Exchange today, Hon Hai Group spokesman Wu Junyi restored the process of investing in Unigroup, emphasizing that its subsidiary Fulian Industrial Network made an investment decision through third-party funds. Therefore, Hon Hai submitted documents to the Taiwan Investment Review Committee in the form of supplementary documents, and at this stage, it is fully following the investment review committee to explain, hoping that it will be a positive development in the end.
At that time, Liu Yangwei, chairman of Hon Hai, also said that Hon Hai invested in new Twin Light, was actually a very simple financial investment in . Because there was an opportunity to cooperate with funds, Hon Hai participated in the investment, but everyone misunderstood, because Hon Hai participated in the investment not the past Twin Light, but the new Twin Light of the Yangtze Storage and Wuhan New Core.
Liu Yangwei emphasized at the time that in accordance with the guidelines of Hon Hai Group's operations, everything will be based on legality and compliance as the lowest review standard for Hon Hai. If the relevant units really do not approve it, Hon Hai will also have a corresponding filing, but was still fined NT$150,000 by the Stock Exchange for delaying the announcement. The Investment Review Committee also confirmed that Hon Hai had to make a fine of up to NT$25 million without applying in advance, or the transaction would be restored.
On August 10, according to the British " Financial Times " report, security officials in Taiwan hope that Apple supplier Hon Hai Group will cancel its subsidiary Industrial Foxconn's US$800 million investment case in China's mainland China Unigroup. The report quoted a senior government official in Taiwan, China, as saying, "This deal will definitely not be passed."
After several months, the Taiwan government in China has not approved the transaction for a long time, and Hon Hai Group had to give up voluntarily.
The statement issued by Hon Hai last night also stated that its subsidiary Foxconn, based on financial investment considerations, "transferred investment" from Shengyue Fund and then transferred to "Zhi Guangxin", and finally invested in Unigroup. The transaction case of the final investment in Unigroup was at the end of the year, and the procedure could not be finalized. In order to avoid the many uncertainties that may arise from the delay of this case, or affect the subsequent investment layout and fund use flexibility, Xingwei Fund will transfer the investment of Shengyue’s entire partnership shares to Yantai Haixiu Integrated Circuit Industry Investment Center. After the transfer is completed, FIA will no longer indirectly hold the equity of Unigroup Group.
Hon Hai announced that the transaction target of Xingwei Fund is Yantai Haixiu Integrated Circuit Industry Investment Center. This time, the total amount of the actual transaction will not be less than the original investment of RMB 5.38 billion, or the transaction will be based on the net value of Shengyue Company, which corresponds to the price of shares held by Xingwei Fund, or other highest prices agreed otherwise by the parties.
△Shengyue’s latest equity structure shows that Yantai Haixiu Integrated Circuit Industry Investment Center has taken over all the equity of Shengyue held by Xingwei Fund
Honghai pointed out that this transaction is an adjustment of the group’s internal investment planning, and after consulting Foxconn Industrial Internet Co., Ltd. ’s opinion, the Xingwei Fund’s investment decision-making committee will make a decision based on the procedures and decide to transfer the equity of Guangzhou Shengyue Company, and then dispose of the investment in Unigroup. The disposal benefits will be calculated based on the transaction amount paid by the final transaction counterparty and then supplementary announcement.
So far, Hon Hai hopes to invest in through and Unigroup to strengthen its semiconductor layout in mainland China has encountered setbacks. However, Hon Hai is currently continuing to increase its semiconductor investment in Taiwan and India.
Previous related article "After resigned as vice chairman of SMIC, Jiang Shangyi joined Hon Hai Group! Can it help Hon Hai Semiconductor’s layout? 》
Editor: Xinzhixun-Longkejian
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