DIRECTORS’ OPINION. The Directors (including the independent non-executive Directors, but excluding Xx. Xxxx Xxxxxxx, Xx. Xxxxx Xxxxxxx and Xx. Xx Xxxxxx, being connected Directors) confirm that terms of United Power Lease Agreement (including the proposed annual caps for the transactions contemplated thereunder) are on normal commercial terms that are fair and reasonable, and the transactions contemplated thereunder were entered into in the ordinary and usual course of business of the Company and are in the interest of the Company and its Shareholders as a whole. Directors associated with CHN Energy and other associates of CHN Energy, i.e., Xx. Xxxx Xxxxxxx, Xx. Xxxxx Xxxxxxx and Xx. Xx Xxxxxx, being connected Directors, have abstained from voting regarding United Power Lease Agreement and the proposed annual caps thereunder. Except as disclosed above, none of the Directors has any material interest in the above transactions or was required to abstain from voting at the Board meeting.
DIRECTORS’ OPINION. The Directors are of the opinion that, after taking into consideration:
(a) the present bank facilities, the working capital available to the Group is sufficient to meet its present requirements; and
(b) the present bank facilities and the proceeds from the Partial Placement and the Balance Placement, the working capital available to the Group is sufficient to meet its present requirements.
DIRECTORS’ OPINION. The Independent Directors will provide their views as to whether the Income Support is on normal commercial terms and is not prejudicial to the interests of Keppel DC REIT and its minority Unitholders after the independent financial adviser provides its opinion on the Proposed Shares and Notes Transactions.
DIRECTORS’ OPINION. 5.1 The directors of the Company (the “Directors”) are of the opinion that after taking into consideration:
(a) the present bank facilities, the working capital available to the Group is sufficient to meet its present requirements; and
(b) the present bank facilities and Net Proceeds, the working capital available to the Group is sufficient to meet its present requirements.
5.2 Notwithstanding the foregoing, the Company has decided to enter into the Convertible Loan Agreement to strengthen its financial position in order to fund its business expansion plans in other jurisdictions.
DIRECTORS’ OPINION. Save for the Interested Directors, The Board of Directors of the Company is of the opinion that the Collaboration Agreement is in the best interest of the AirAsia group.
DIRECTORS’ OPINION. Save for the Interested Directors, the Board of Directors of the Company is of the opinion that the Collaboration Agreement is in the best interest of the MAS group.
DIRECTORS’ OPINION. Save for the above interested directors (who have abstained), the Board having considered all the relevant factors in respect of the Agreements is of the opinion that entering into the Agreements is in the best interest of the Company, are entered into under fair, reasonable and normal commercial terms and is not detrimental to interest of minority shareholders.
DIRECTORS’ OPINION. The Board (other than the interested Directors), having taken into consideration of the aspects of the Proposed I&P Acquisition, is of the opinion that the MOI is in the best interest of the Company. The interested Directors have abstained and shall continue to abstain from deliberating and voting on the Proposed I&P Acquisition.
DIRECTORS’ OPINION. The Board of Directors of YNH is of the opinion that the MOU is in the best interest of the Company.
DIRECTORS’ OPINION. The Board, having considered all the relevant factors in respect of the MOU is of the opinion that the MOU is in the best interest of the Company and will be beneficial to the business of the KPJ Group.
