Home > News > 2013 > Hon Hai increases the Group’s shareholding to 23.4%
Hon Hai increases the Group’s shareholding to 23.4%

S.A.S. Dragon Holdings Limited (“the “Group”) announced that, on 10 October 2013, Foxconn Holdings Limited (Foxconn), a substantial shareholder of the Group, acquired 16,000,000 ordinary shares of the Group, representing approximately 6.04% of the issued share capital of the Group. After completion, Foxconn holds 62,000,000 ordinary shares of the Group, representing 23.4% of the issued share capital of the Group.

Foxconn has become the Group’s strategic shareholder since 2000 and has always been supportive to the Group. Its move of raising the stake in the Group reflects its recognition of the Group’s value and its confidence towards the Group’s future development. With the Group’s experiences and support from customers, we will certainly work harder to bring better returns to our investors.