AUDIT COMMITTEE’S STATEMENT. The Audit Committee of Capital A, having considered all aspects of the Transaction, is of the view that the Transaction is in the best interest of the Company as the Agreement is entered under fair, reasonable and on normal commercial terms which are not detrimental to the interests of the minority shareholders of the Company.
AUDIT COMMITTEE’S STATEMENT. The Audit Committee, after having considered the Proposed Acquisition (including Section 11 above), including rationale and all other relevant factors, is of the opinion that the Proposed Acquisition, is:
AUDIT COMMITTEE’S STATEMENT. The Audit Committee of the Company have considered the terms of the Guarantee, and is of the view that (i) the provision of the Guarantee is not prejudicial to the interests of the Company and its minority shareholders, and (ii) the risks and rewards of each of the joint venture partners are in proportion to its respective equity interest in the joint venture and the terms for the provision of the Guarantee are not prejudicial to the interests of the Company and its minority shareholders. The Guarantee to be provided by the Company is in proportion to its equity interest in JPISB, which was formed prior to listing, the details of which were set out in the Offer Document. As such, the Company will be applying the exemption provided by Catalist Rule 916(3). Save for as disclosed above, none of the other Directors or substantial Shareholders of the Company (other than through their respective shareholdings in the Company) has any interest, direct or indirect in the Loan. By Order of the Board of Directors Datuk Xxxx Xxxx Executive Chairman and Chief Executive Officer 30 October 2019
AUDIT COMMITTEE’S STATEMENT. The Audit Committee of ULHB after having considered all aspects of the Proposals (including but not limited to the rationale and prospects as discussed in Sections 6 and 7 above), is of the opinion that the Proposals is:
AUDIT COMMITTEE’S STATEMENT. 9.1. The Audit Committee of AAGB, having considered all the aspects of the Agreement, is of the opinion that the Agreement is in the best interest of the Company as the Agreement is entered under fair, reasonable and on normal commercial terms which are not detrimental to the interests of the minority shareholders of the Company.
AUDIT COMMITTEE’S STATEMENT. The Audit Committee of the Company which comprises all the Independent Directors of the Company, has reviewed the terms of the Purchase Transaction and is of the view that the transaction is on normal commercial terms and is not prejudicial to the interest of the Company and its minority shareholders.
AUDIT COMMITTEE’S STATEMENT. The Audit Committee of the Company has reviewed the terms of the IPT and is of the view that the IPT had been carried out on normal commercial terms and is not prejudicial to the interests of the Company and its minority shareholders.
AUDIT COMMITTEE’S STATEMENT. The Audit and Risk Management Committee of UOA Dev, having considered the rationale and other aspects of the Share Sale Agreement, is of the view that the Share Sale Agreement is in the best interest of UOA Dev, is fair, reasonable and carried out on normal commercial terms and is not detrimental to the interests of the minority shareholders of UOA Dev.
AUDIT COMMITTEE’S STATEMENT. The Audit Committee, in arriving at their views, have sought the advice of Xxxxxxx, being the appointed Independent Adviser for the Proposed Settlement. After taking into consideration, amongst others, the rationale and all aspects of the Proposals, including the advice of the Independent Adviser, the Audit Committee is of the opinion that the Proposals are:-
AUDIT COMMITTEE’S STATEMENT. The Audit Committee of Xxx Xxxx, having considered all aspects of the Acquisition of Lands, is of the opinion that the Acquisition of Lands are in the best interest of the Company, fair and reasonable and on normal commercial terms, and is not detrimental to the interest of the minority shareholders of Xxx Xxxx.
