Brief: Foxconn Interconnect Technology Entered Into Agreement For Future Equity With Autotalks

Foxconn Interconnect Technology

03/05/2023 09:52

May 3 (Reuters) - Foxconn Interconnect Technology Ltd
 6088.HK :
    * COMPANY ENTERED INTO A SIMPLE AGREEMENT FOR FUTURE EQUITY
WITH
AUTOTALKS LTD
    * AGREED TO SELL 2.3 MILLION SHARES  AT A CONSIDERATION OF
US$15
MILLION
    * EXPECTS TO RECORD GAIN OF US$5 MILLION (BEFORE TAX AND
EXPENSES)
FROM TRANSACTION
    * FOLLOWING COMPLETION OF TRANSACTION, COMPANY WILL CEASE TO
BE A
SHAREHOLDER OF AUTOTALKS

Source text for Eikon:  ID:nHKS1JND9d 
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