Key Developments: Foxconn International Holdings Ltd (FXCNF.PK)
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8 May 2013
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Latest Key Developments (Source: Significant Developments)
Foxconn International Holdings Ltd Announces Board Changes
Foxconn International Holdings Ltd announced that Mr. Chin Wai Leung, Samuel will retire from his positions as an Executive Director and the Chairman of the Company; and Mr. Tong Wen-hsin, an existing executive director of the Company, will be appointed as the Chairman of the Company Full Article
Foxconn International Holdings Ltd Announces Acquisition Of Further Shares In Subsidiary
Foxconn International Holdings Ltd announced that on September 26, 2012, Transworld Holdings Limited (an indirect wholly-owned subsidiary of the Company) (Transworld) as purchaser entered into a share transfer agreement to acquire a total of 13,816,000 shares in Chi Mei Communication Systems, Inc. (CMCS) held by three corporate shareholders of CMCS (representing a total of 9.21% of the entire issued share capital of CMCS as at September 26, 2012) at a total consideration of NTD327,342,488 (equivalent to approximately U?SD10,933,239) representing approximately NTD23.693 (equivalent to approximately USD0.791) per share. Upon the completion of the Share Acquisition, Transworld’s total shareholding in CMCS will increase from approximately 76.33% (representing 114,498,000 shares) to approximately 85.54% (representing 128,314,000 shares) of the entire issued share capital of CMCS as at September 26, 2012. Full Article
Foxconn International Holdings Ltd Does Not Recommend Interim Dividend
Foxconn International Holdings Ltd announced that no dividend was paid, declared or proposed for the six months ended June 30, 2012 (for the six months ended June 30, 2011: Nil). The directors do not recommend the payment of an interim dividend. Full Article
Foxconn International Holdings Ltd Announces Chief Executive Officer Change
Foxconn International Holdings Ltd announced the following changes in the Company's Executive Director and Chief Executive Officer with effect from July 26, 2012: Mr. Cheng Tien Chong has retired from his positions as an Executive Director and the Chief Executive Officer of the Company and Mr. Chih Yu Yang has been appointed as Chief Executive Officer of the Company. Full Article
Amazon.com Plans Smartphone; Foxconn International Holdings Ltd Working On Device-DJ
Dow Jones reported that Amazon.com is developing a smartphone, Bloomberg News reported. Foxconn International Holdings Ltd of China is working with Amazon on the device. Full Article
Foxconn International Holdings Ltd Announces Agreement With Ways Technical Corp., Ltd
Foxconn International Holdings Ltd announced that it has agreed to enter into a joint venture agreement with Ways Technical Corp., Ltd. Pursuant to the Agreement, Ways agrees that its wholly owned subsidiary shall subscribe for 12,100,000 shares in an indirect wholly owned subsidiary of the Company namely Ways Transworld Inc. (Target) at a consideration of USD0.338 per share. The consideration for the subscription amounts to approximately USD4,093,092. Completion of the subscription is expected to take place before May 15, 2012 in accordance with the agreement. Upon completion of the subscription, each of the Company and Ways will indirectly hold 50% of the total issued share capital of the Target. Full Article
Foxconn International Holdings Ltd Does Not Recommend Dividend
Foxconn International Holdings Ltd announced that the Board does not recommend the payment of any dividends in respect of the year ended December 31, 2011. Full Article
Foxconn International Holdings Ltd Announces Change Of Chief Executive Officer
Foxconn International Holdings Ltd announced that Mr. Chin Wai Leung, Samuel, the Chairman of the Board and Chief Executive Officer (CEO) of the Company will relinquish his position as CEO effective January 1, 2012, due to his desire to spend more time with his family. Mr. Cheng Tien Chong, corporate Executive Vice President of the Foxconn Technology Group, will be appointed as the new CEO and Executive Director effective January 1, 2012. Mr. Chin will remain as the Chairman of the Board and will continue his involvement in the formulation and review of business plans and strategies. The roles of the Chairman of the Board and Chief Executive Officer will be separated in accordance with code provision A.2.1 of the Code on Corporate Governance Practices as set out in Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules), effective January 1, 2012. Full Article
Foxconn International Holdings Ltd Does Not Recommend Interim Dividend
Foxconn International Holdings Ltd announced that no dividend was paid, declared and proposed for the six months ended June 30, 2011 (for the six months ended June 30, 2010: Nil). The Directors do not recommend the payment of an interim dividend. Full Article
Foxconn International Holdings Ltd Comments On H1 2011 Loss Guidance
Foxconn International Holdings Ltd announced that it expects the unaudited consolidated interim results of the Group for first half of 2011 to continue to show a loss, although it is currently expected that such loss will be significantly less than the loss recorded for the corresponding period in 2010. Full Article
Foxconn International posts biggest-ever loss in 2012
HONG KONG - Foxconn International Holdings Ltd (FIH), the world's biggest contract maker of cellphones, fell into the red in 2012 with a net loss of $316.4 million due to weak orders from some of its major customers.
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