[ET Net News Agency, 21 May 2018] FIH Mobile (02038) said it agreed to subscribe
244,720 series A convertible preferred shares to be issued by HMD global Oy at US$253.35
(equivalent to about HK$1,976.13) apiece for a total of about US$62 million (equivalent to
about HK$484 million).
Upon completion, FIH Mobile will hold 244,720 convertible preferred shares, representing
around 7.92% of the issued shares of HMD.
HMD is a company incorporated in Finland with limited liability. HMD and its
subsidiaries are engaged, among other things, in the development, manufacture and sale of
telecommunication devices, software and related services.
FIH Mobile, as the manufacturer of HMD, can enhance its IIDM (Integration Innovation
Design Manufacture) business and potential business collaboration relationship through the
transaction. The closer relationship through the transaction will also enable the parties
to collaborate even stronger to enhance future research and development and manufacturing
capabilities for the Nokia-branded mobile phone business, enabling both to achieve the
common objective of building a globally successful business in the field of Nokia-branded
mobile phones. (HL)