Subsidiary Fuli Yuzhan Technology (Henan) Acquires Factory Right-of-Use Assets
Original: 代子公司富聯裕展科技(河南)有限公司公告取得廠房之使用權資產
Summary
Hon Hai is disclosing, on behalf of its subsidiary Fuli Yuzhan Technology (Henan) Co., Ltd., the acquisition of right-of-use assets related to factory/manufacturing premises — reflecting the recognition of a new lease under IFRS 16 accounting standards. For investors, this indicates an expansion or continuation of manufacturing capacity at the Henan, China facility operated through this subsidiary. Full body available on MOPS.
Full Translation
On behalf of subsidiary Fuli Yuzhan Technology (Henan) Co., Ltd. (富聯裕展科技(河南)有限公司), Hon Hai Precision Industry announces that the said subsidiary has obtained right-of-use assets (使用權資產) pertaining to factory/plant premises (廠房). Under IFRS 16 (Leases), right-of-use assets are recognised on the balance sheet when a lessee obtains control of a leased asset; this announcement therefore indicates that Fuli Yuzhan Technology (Henan) has entered into a lease arrangement for manufacturing or warehouse facilities in Henan Province, China. The subsidiary is part of Hon Hai's mainland China manufacturing network. [Body not available — subject line only. See MOPS for full announcement.]