Gou teamed up with Google yuanuniverse track to continue fermentation?

On January 4, Huahan technology, a subsidiary of Hon Hai group, disclosed that Google had invested US $40 million (about RMB 258.5 million) to obtain 4.6% equity of the company, becoming its third largest legal shareholder. The two sides will join hands to enter the yuancosmos market.

As soon as the news came out, Huahan technology sealed the trading limit on January 5. The latest stock price is NT $276, with a market value of 28.1 billion.

Google smashed 258.5 million yuan into the game

became the third largest shareholder

Recently, Huahan technology private placement object was released. Google obtained 4.88 million shares (4.6% equity) at a private placement price of 226.92 yuan per share, with a conversion cost of about 258.5 million yuan. It is understood that the two sides will further deepen cooperation in the fields of software and hardware integration platform and industrial yuan universe.

On the 4th, Huahan technology held an interim shareholders’ meeting, which resolved to authorize the board of directors, the chairman and their designated persons to privately place ordinary shares within one year from the date of the resolution of the interim shareholders’ meeting in accordance with relevant laws and regulations, the articles of association of the company and other relevant regulations issued by the competent authority at an appropriate time, in order to introduce strategic investors.

Through the approval of the board of directors, the list of candidates participating in Huahan’s private placement is Google International LLC, and the number of private shares or sheets: 4.88 million ordinary shares. After comprehensive consideration, it is determined that RMB 226.92 is the actual private placement price, which is 97.77% of the reference price (RMB 232.1), which is not less than 80% of the reference price decided by the interim shareholders’ meeting.

The announcement pointed out that the purpose of this private placement fund is to enrich working capital, repay bank loans, repay bondholders of the third unsecured convertible corporate bonds, exercise the right to sell back or repay the maturity of the first overseas unsecured convertible corporate bonds.

The announcement said that the company’s operating results in recent years have been profitable and there are no accumulated losses. However, due to the needs of the company’s future operation and development strategy, the introduction of strategic investment partners, and the private placement of securities is limited to the provision that they shall not be freely transferred within three years, which will further ensure the long-term cooperative relationship between the company and the subscribers.

In addition, by authorizing the board of directors to handle the private placement case at an appropriate time according to the company’s operational development needs, it will effectively improve the mobility and flexibility of the company’s fund-raising. The implementation of this plan is expected to open up customers at different levels, accelerate the company’s performance growth, enhance operational competitiveness, and benefit shareholders’ rights and interests.

is a subsidiary of Hon Hai Group

It is understood that this is Google International LLC’s first investment in a Taiwan listed OTC company. After the transaction is completed, it will become the third largest shareholder of Huahan. Due to the signing of confidentiality agreement (NDA), Huahan did not disclose the details of cooperation between the two sides, but it is expected to develop customers at different levels, accelerate the company’s performance growth and improve its operational competitiveness, which is beneficial to shareholders’ rights and interests.

And then it came out that the two sides will join hands to enter the meta universe market.

According to the data, Huahan technology is the pioneer of Hon Hai Group’s Cross terminal interactive system. Its main products are POS (terminal sales system), kiosk (interactive information service system), ATM (ATM), lottery (lottery machine), etc. Huahan technology has made brilliant achievements in product R & D in recent years, and the company’s turnover has increased by an average of 30% every year.

In mid October last year, Huahan announced that it had become a strategic partner with Google cloud to transform the global open intelligent networking (aiot) cloud platform. Combined with the digital as a service (DAAS) strategy and Google’s advanced cloud solutions and services, Huahan locked in 10 high growth niche markets, created a new business model and seized huge demand and business opportunities.

At the same time, Google and Huahan signed a memorandum of cooperation, planning to develop and distribute Google devices and solutions for wearable computer Glass Enterprise Edition 2 designed for hand-free industrial operation, Google meet using Google cloud technology, enterprise video and collaboration platform, and develop hardware devices and peripheral devices that meet Google meet standards.

Liu Yangwei, chairman of Hon Hai group, previously pointed out that Hon Hai group must have products related to meta universe. Hon Hai Group’s Foxconn Industrial Internet Co.Ltd(601138) has mastered nearly 100 patents for “meta universe related smart wearable terminal devices”, of which more than one-third are patents for VR / AR related technologies.

(China Fund News)

 

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