Examples of Original Shareholders in a sentence
This Agreement shall become automatically effective (and shall supersede and replace the Original Shareholders Agreement) as of the Effective Time.
References are made to the announcements of the Company dated 15 December 2023 and 22 December 2023, in relation to among others, the entering into of the Original Shareholders Agreement between HBW, GRM, LSJ and TKJ to increase the authorized capital of the JV Company.
All shareholders’ obligations under the Original Shareholders Agreement have been fulfilled, and the New Shareholders Agreement will mainly focus on adjusting the shareholding structure as well as the composition of the board of directors and board of Commissioners of the JV Company.
TKJ and GRM, being parties to the Original Shareholders Agreement, are not parties to the New Shareholders Agreement as each of TKJ and GRM has transferred all their respective shareholding in the JV Company to LSJ prior to the entering into of the New Shareholders Agreement.
All shareholders’ obligations under the Original Shareholders Agreement have been fulfilled, and HBW, GRM, LSJ and TKJ have all fully paid the required capital contribution as agreed under the Original Shareholders Agreement.