Basis of Consideration. The steam supply price was determined by arm’s length negotiations between the parties with reference to the reference price prescribed by Xuzhou Price Bureau. Xuzhou Price Bureau will publish reference steam price to the industry from time to time.
Basis of Consideration. 4.2.1 PKNPk’s Basic Revenue Share Under the JVA, PKNPk is entitled to PKNPk’s Basic Revenue Share (as defined under the JVA), which is a sum equivalent to RM9.70 per square foot of each of the Industrial Lots (excluding PKNPk’s Reserved Lands) sold to end-purchaser.
Basis of Consideration. Upon completion, UFSB shall issue one (1) ordinary share at an issue price of RM1.00 to SASB and the existing shareholder of UFSB shall transfer his existing shareholding in UFSB consisting of one (1) ordinary share at an issue price of RM1.00 to DASB on a willing-buyer willing-seller basis.
Basis of Consideration. The steam supply price was determined by arm’s length negotiations between the parties with reference to the price prescribed by the Yangzhou Price Bureau. The Yangzhou Price Bureau publishes the reference price for steam to the industry from time to time. The latest reference steam price was published by the Yangzhou Price Bureau on 13 December 2017, stating that the price of steam should not be higher than RMB215 per tonne.
Basis of Consideration. The Consideration was determined after arm’s length negotiations between the Purchaser and the Vendor, having regards to its asset, financial position and the prospects and potential of the business of the Target.
Basis of Consideration. The Consideration was determined based on the tender price provided by the Contractor, and the Construction Agreement was awarded to the Contractor by Xxxxxx Xxxxxx after the tendering process. Xxxxxx Xxxxxx has assessed the experience and capability of the Contractor, the expected scope, complexity and expected costs of the Works to be undertaken, and the prevailing market price of construction works with similar scale and complexity. The Directors (including the independent non-executive Directors) consider that the Consideration is fair and reasonable. The Consideration will be financed by the Group’s internal resources, banking facilities or a combination of both.
Basis of Consideration. The consideration under the Sixth Coal Supply Agreement was determined after arm’s length negotiations between the parties having taken into account, among other things, (i) the quality of coal required by Xxxxxxx Xxxxxxxxx; (ii) the market price of coal as determined with reference to the quotations obtained by Xxxxxxx Xxxxxxxxx from independent third party coal suppliers; and
Basis of Consideration. The consideration and the terms and conditions of the provision of project management services under the Contract have been derived on arm-length basis by the negotiation between APT (HK) and CSCC with reference to APT (HK)’s cost for provision of the project management services and the prevailing market price for consultancy services of similar nature.
Basis of Consideration. DASB will subscribe for its equity shareholding in JVCO at par for total consideration of RM500,000, wholly in cash from its internally generated funds and/or bank borrowings.
Basis of Consideration. The aggregate Consideration was determined after arm’s length negotiations between the Purchaser and the relevant Vendors, which is calculated according to the following formula: Consideration = (1) + (2) – (3) + (4), where: (1) the business enterprise value of the Target Companies as at 30 September 2019 of approximately RMB1,091 million (the “Business Enterprise Value”) as stated in the valuation report (the “Valuation Report”) of the business enterprise of the Target Companies as at 30 September 2019 conducted by an independent valuer appointed by the Company, AVISTA Valuation Advisory Limited (the “Valuer”), adopting the income approach, (for the purpose of the Valuation Report, the Business Enterprise Value is equivalent to the value of all operating assets, including long-term assets (e.g. solar power plants, machinery and equipment) and net operating working capital); (2) the total non-operating assets of the Target Companies of approximately RMB26 million according to the unaudited financial statements as at 30 September 2019, including but not limited to the value-added tax recoverable and other non-current assets; (3) the total non-operating liabilities of the Target Companies of approximately RMB955 million according to the unaudited financial statements as at 30 September 2019, including but not limited to bank and other borrowings and other payables of the Target Companies as at 30 September 2019, (having considered the Business Enterprise Value in the Valuation Report (being item (1)) as one of the referencing factors for the determination of the Consideration, and further considered the factors in items (2) to (3), the Board estimated the preliminary consideration for the transfer of the Target Equity Interests as approximately RMB162 million (the “Estimated Value”)); and (4) having considered the Estimated Value as the initial referencing basis of the Consideration for negotiations with the Purchaser and upon rounds of arms’ length commercial negotiations between the Vendors and the Purchaser taking into account, among other things, the bulk purchase of the Target Companies, an additional amount of approximately RMB19 million over the Estimated Value as agreed between the parties.
