APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER. Altus Capital Limited has been appointed by the Company as its Independent Financial Adviser to advise the Independent Board Committee and the Independent Shareholders as to whether the Continuing Connected Transactions is fair and reasonable and as to voting at the EGM so far as the Independent Shareholders are concerned.
APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER. An Independent Board Committee comprising all the independent non-executive Directors has been formed to advise the Independent Shareholders as to whether the terms of the Loan Agreement and the transactions contemplated thereunder are fair and reasonable and in the interests of the Company and the Shareholders as a whole. Altus Capital Limited has been appointed as the Independent Financial Adviser to advise the Independent Board Committee and the Independent Shareholders in respect of the Loan Agreement and the transactions contemplated thereunder. Shareholders and potential investors should note that the grant of the Loan and the Property Acquisition Option are subject to the satisfaction of certain conditions and accordingly, the transactions contemplated thereunder may or may not proceed. Shareholders and potential investors are reminded to exercise caution when dealing the securities of the Company. DISCLOSEABLE AND CONNECTED TRANSACTION PROVISION OF FINANCIAL ASSISTANCE The Board is pleased to announce that on 28 February 2023, the Loan Agreement was entered into amongst Jiangnan Precision, an indirect wholly owned subsidiary of the Company, as lender, Xxxxxxxx Xxxxxxxx, as borrower, and Xx. Xxx, as guarantor. Pursuant to the Loan Agreement, Jiangnan Precision has agreed to grant the Loan in the principal amount of RMB20,000,000 to Jiangnan Tiehejin for a term of 3 years. The principal terms of the Loan Agreement are set out below: THE LOAN AGREEMENT Date of agreement : 28 February 2023 Parties : (1) Jiangnan Precision, as lender (2) Xxxxxxxx Xxxxxxxx, as borrower (3) Xx. Xxx, as guarantor Principal : RMB20,000,000 Interest rate : 5.5% per annum, which is determined with reference to the Group’s existing cost of capital in the range of approximately 4.0% to 4.5%. All interests accrued pursuant to the Loan Agreement shall be repayable by Xxxxxxxx Xxxxxxxx to Jiangnan Precision at the maturity of the Loan. If Jiangnan Precision chooses to exercise the Property Acquisition Option and Jiangnan Precision and Jiangnan Tiehejin have formally entered into a “commercial-housing pre-sale contract”（《商品房預售合同》）for the acquisition of the Property, all interests under the Loan Agreement will be waived, and the principal amount of the Loan shall be used to offset part of the purchase price for the acquisition of the Property (in case the final purchase price of the Property is higher than the outstanding principal amount of the Loan) or in full. In case the outstan...
APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER. The Independent Board Committee (comprising Xx. Xxx On Tai, Mr. Ye Yihui, Xx. Xx Hin Xxx and Xx. Xxx Lianchang, the non-executive Directors) has been established to advise the Independent Shareholders as to whether the terms of the Rights Issue, the Underwriting Agreement, the Whitewash Waiver and the transaction contemplated thereunder are fair and reasonable and in the interest of the Company and the Shareholders as a whole as far as the Independent Shareholders are concerned and to advise the Independent Shareholders on how to vote at the EGM. Xx. Xxx Bo, being a non-executive Director of the Company and the sole shareholder of Jiesi Global, is a member of the Concert Group and therefore would not be a member of the Independent Board Committee. With the approval of the Independent Board Committee, Euto Capital has been appointed as the Independent Financial Adviser to advise the Independent Board Committee and the Independent Shareholders in this regard.
APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER. Veda Capital Limited has been appointed by the Company to advise the Independent Board Committee regarding the terms of the Offers. The appointment has been approved by the Independent Board Committee which is composed of all three independent non-executive Directors, namely Xx. Xxxxx Xxx Xxxx, Xx. Xxx Xxxx Xxxx, Xxxxxx and Xx. Xxxx Xxx Fuk.
APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER. The Company is finalising the appointment of an independent financial adviser (“IFA”) to advise the Directors who are independent for the purposes of the Proposed Settlement and the audit committee of the Company (the “Audit Committee”) on the Proposed Settlement as an interested person transaction.
APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER. Ample Capital has been appointed by the Company to act as the independent financial adviser to the Independent Board Committee to advise on the terms of the NHDL Acquisition Agreement, the Accordcity Disposal Agreement and the NHML Disposal Agreement. The appointment of Ample Capital has been approved by the Independent Board Committee.
APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER. In accordance with Rule 2.1 of the Takeovers Code, an Independent Board Committee, comprising all non-executive Director and independent non-executive Directors who have no direct or indirect interest in the Offer, has been formed to advise the Independent Shareholders in respect of the Offer. The Board is pleased to announce that Xxxx Capital Limited has been appointed as the independent financial adviser to advise the Independent Board Committee in respect of the Offer and such appointment has been approved by the Independent Board Committee. Shareholders and potential investors are strongly recommended to read this joint announcement together with the Joint Announcement. By order of the board of Greensheid Corporation Xxxx Xxxx Sole Director By order of the Board Shenzhen High-Tech Holdings Limited Xxxx Xxxxx Tak, Xxxxxxx Chairman and Executive Director Hong Kong, 19 June 2013 The sole director of the Offeror and the directors of Landsea jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement, other than that relating to the Vendor and the Group, and confirm that, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement the omission of which would make any statements in this joint announcement misleading. The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement, other than that relating to the Offeror, and confirm that, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statements in this joint announcement misleading. As at the date of this joint announcement, the sole director of the Offeror is Xx. Xxxx Xxxx.
APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER. On 25th October, 2006, the independent board committee of Apex, approved the appointment of Oriental Patron Asia Limited as the independent financial adviser to advise the independent board committee of Apex and the Shareholders in respect of the Offer.
APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER. Provenance Capital Pte. Ltd. has been appointed as the independent financial adviser (“IFA”) to advise the Independent Company Directors who are considered independent for the purposes of the Offer and the FSA Proposal. The Company Circular will contain, inter alia, the opinion provided by the IFA to the Independent Company Directors and the recommendation of the Independent Company Directors and will be sent to Grindrod Shareholders and FSA Holders, together with the Offer to Purchase in accordance with the requirements of the Code and Rule 14d-9 of the SEC promulgated pursuant to the Exchange Act.
APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER. Pursuant to Chapter 9 of the Listing Manual, the Company has appointed, NRA Capital Pte. Ltd., as the independent financial adviser (“IFA”) to the independent directors of the Company in relation to (a) the Proposed Acquisition as an interested person transaction; (b) the Power Purchase Agreement as an interested person transaction pursuant to the completion of the Proposed Acquisition; and (c) the Coal Sales and Purchase Agreement as an interested person transaction pursuant to the completion of the Proposed Acquisition. A copy of the letter from the IFA to the independent directors of the Company will be included in the Circular (as defined below) which will be despatched to Shareholders in due course.
