CAPITAL INCREASE AGREEMENT. As soon as practicable but in no event later than ninety (90) days after the Closing or such other later date as agreed by holders of at least sixty percent (60%) of the then issued and outstanding Series B Preferred Shares, the Warrantors shall cause the Beijing Subsidiary to enter into a capital increase agreement with XXX Xxxxxxx (汉雨生), in form and substance reasonably satisfactory to the Investors, pursuant to which the XXX Xxxxxxx (汉雨生) agrees to purchase certain percentage of equity interest of the Beijing Subsidiary in consideration of RMB1,500,000 (such purchase, the “Capital Increase”), and immediately after the Capital Increase and the Equity Adjustment (as defined below), the shareholding percentage in the Beijing Subsidiary of XXX Xxxxxxx (汉雨生) in aggregate shall be equivalent to the then shareholding percentage in the Company of the Shares held indirectly by XXX Xxxxxxx (汉雨生) through the Holding Entity plus the Shares reserved under the Option Plan. Further, each of the Warrantors hereby acknowledges and confirms that the foregoing consideration of RMB1,500,000 has been fully pre-paid to the Beijing Subsidiary prior to the Closing.
CAPITAL INCREASE AGREEMENT. Date Parties
(a) The Company
(b) CSAH
(c) Xiamen Airlines
(d) Shantou Airlines
(e) Zhuhai Airlines
(f) Nanland Pursuant to the Capital Increase Agreement, the parties agreed that the Capital Increase shall be made in the following manner:
(a) the Company agreed to make a capital contribution in the sum of RMB500 million by way of cash to the Finance Company, in which RMB304,798,670 will be used in increasing the registered capital from RMB1,072,927,050 to RMB1,377,725,720, while RMB195,201,330 will be used to increase the capital reserve of the Finance Company;
(b) XXXX agreed to waive its rights of capital contribution;
(c) Xiamen Airlines, Shantou Airlines, Zhuhai Airlines and Nanland, the non-wholly owned subsidiaries of the Company, agreed to waive their rights of capital contribution. The above amounts of capital contribution to the Finance Company were determined after arm's length negotiations among the parties with reference to, among other things, the net asset value of the Finance Company as at 30 June 2018 and the current respective proportion of shareholding of the parties in the Finance Company. According to the audited accounts of the Finance Company dated 30 September 2018 prepared by Xxxxx Xxxxxxxx (致同會計師事務所) (an independent accountancy and consultancy firm) in accordance with the People’s Republic of China Accounting Standards for Business Enterprises, the net asset value of the Finance Company as of 30 June 2018 was RMB1,742,300,993.44. According to the valuation report dated 20 November 2018 prepared by China United Assets Appraisal Group Co., Ltd. (中聯資產評估集團有限公司) (an independent qualified valuer in the PRC), the valuation of the Finance Company amounted to RMB1,760,058,600 as of 30 June 2018 (equivalent to RMB1.6404 per share of the Finance Company). Although the valuation was valued based on an income approach, the Finance Company is not a subsidiary of the Company as at the date of the announcement, and will not become a subsidiary of the Company upon completion of the Capital Increase, the valuation does not constitute a profit forecast under Rule 14.61 of the Listing Rules and Rules 14.60A and 14.62 of the Listing Rules. The capital contribution will be payable in full by the Company to the Finance Company in cash within 60 days upon obtaining the approval from the relevant government authorities. The Capital Increase Agreement shall take effect on the date of being signed and chopped by the legal representatives or the authorized re...
CAPITAL INCREASE AGREEMENT. The Capital Increase was approved at the meeting of the board of Directors of the Company held on 28 December 2017, and the Company entered into the Capital Increase Agreement with the existing shareholders of Hainan Nuclear (including Huaneng Nuclear). Major terms of the Capital Increase Agreement are as follows:
CAPITAL INCREASE AGREEMENT. CAPITAL INCREASE AGREEMENT LISTING RULES IMPLICATIONS
CAPITAL INCREASE AGREEMENT. Date Parties
(1) The Company;
(2) Bailian Group;
(3) Shanghai Bailian;
(4) Bailian Omni-channel; and
(5) Bailian Financial Services As at the date of this announcement, the registered capital of Bailian Financial Services is RMB240.25 million. The Company, Bailian Group, Shanghai Bailian and Bailian Omni-channel, as the shareholders of Bailian Financial Services, agreed to increase the registered capital of Bailian Financial Services to RMB680.25 million, in proportion to their current shareholding percentages. The table below sets out the details of the capital contribution made by each of the Company, Bailian Group, Shanghai Bailian and Bailian Omni-channel under the Capital increase Agreement and the shareholding percentages before and after the Capital Increase. Shareholder Shareholding before the Capital Increase Capital contribution in the Capital Increase Shareholding upon completion of the Capital Increase (%) (RMB million) (%) The Company 11.765 51.77 11.765 Bailian Group 72.353 318.35 72.353 Shanghai Bailian 5.882 25.88 5.882 Bailian Omni-channel 10 44 10 Total 000 000 000 The amount of the capital contributions under the Capital Increase Agreement was determined after arm’s length negotiations among the parties and taking into account various factors, including the nature of the business, the demand for working capital and future development plans of Bailian Financial Services. The Company, Bailian Group, Shanghai Bailian and Bailian Omni-channel shall pay their respective capital contribution in cash to the designated account of Bailian Financial Services before 30 June 2020 after the entering into of the Capital Increase Agreement. The capital contribution of the Company will be financed by its self-raised funds.
CAPITAL INCREASE AGREEMENT. Date Parties
(a) The Company
(b) CSAH
(c) Xiamen Airlines
(d) Shantou Airlines
(e) Zhuhai Airlines
CAPITAL INCREASE AGREEMENT. Date Parties
1. The Company;
2. CDC; and
3. Datang Nuclear Power Company.
CAPITAL INCREASE AGREEMENT. On 1 November 2017, CMSK, Happy City, and Shenzhen Merchants entered into the Capital Increase Agreement, pursuant to which CMSK and Shenzhen Merchants shall make Additional Capital Contribution of RMB4,900,000,000 and RMB5,100,000,000, respectively to Nanjing Merchants. Prior to the completion of the Additional Capital Contribution, Nanjing Merchants is owned as to 49% and 51% respectively by CMSK and Happy City, an indirect wholly-owned subsidiary of the Company. Major terms of the Capital Increase Agreement are summarised below. 1 November 2017
CAPITAL INCREASE AGREEMENT. On 11 April 2023 (after trading hours), Inspur Group, Inspur Software, Inspur General (an indirect wholly-owned subsidiary of the Company) and the JV Company entered into the Capital Increase Agreement, pursuant to which Inspur Group, Inspur Software and Inspur General agreed to make further capital contribution to the JV Company in the total sum of RMB 1.1 billion. Pursuant to the Capital Increase Agreement, Inspur Group, Inspur Software, and Inspur General have agreed to make a capital contribution in cash of RMB 600 million, RMB 200 million and RMB 200 million, respectively, to the registered capital of the JV Company and a capital contribution in cash of RMB 60 million, RMB 20 million and RMB 20 million, respectively, to the capital reserves of the JV Company. Following the completion of the Capital Increase, the registered capital of the JV Company will be increased from RMB 1 billion to RMB 2 billion, and the shareholding structure of the JV Company will remain unchanged and will continue to be held by Inspur Group, Inspur Software and Inspur General as to 60%, 20% and 20%, respectively.
CAPITAL INCREASE AGREEMENT. On 13 June 2023, Datang Renewables HK and Datang Yunnan entered into the Capital Increase Agreement in relation to, among other things, the capital contribution by the parties in the sum of RMB172,561,356 to Dayao New Energy in proportion to their respective shareholdings in Dayao New Energy to meet the needs of Dayao New Energy for the development of Dayao Dapingdi Phase II Photovoltaic Project. Upon completion of the Capital Increase, the parties’ respective shareholding ratios in Dayao New Energy shall remain unchanged. The major terms of the Capital Increase Agreement are as follows: 13 June 2023
