BFIH delay listing in India

Hon Hai Precision Industry Co Ld

12 May 2023

 

Subject: Bharat FIH Limited delay the timetable for its proposed initial public offering and listing in India

Contents:

1.Date of occurrence of the event:

2.Company name: Bharat FIH Limited

3.Relationship to the Company (please enter "head office" or "subsidiaries"): subsidiaries

4.Reciprocal shareholding ratios:64%

5.Cause of occurrence: Bharat FIH Limited ("BFIH") received final observations from the Securities and Exchange Board of India ("SEBI") on 10 June 2022. Accordingly, BFIH may file a red herring prospectus with SEBI or other relevant authorities as may be required and initiate the initial public offering process within 12 months from the date of receipt of final observations (i.e., by 9 June 2023). However, in view of the current market conditions, BFIH has decided to postpone its initial public offering and listing in India ("Proposed Listing") and intends to resume the Proposed Listing when market conditions improve.

6.Countermeasures: NA

7.Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): None

 

END