Brief: Foxconn Interconnect Technology Entered Into Agreement For Future Equity With Autotalks
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
Further company coverage: 6088.HK
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