DISCLOSEABLE TRANSACTIONS. As one or more of the applicable Percentage Ratios in respect of the Proposed Annual Caps exceed 5% but are less than 25%, the relevant transactions contemplated under the Agreements also constitute discloseable transactions of the Company under Chapter 14 of the Listing Rules.
DISCLOSEABLE TRANSACTIONS. On 8 December 2017, the Company and Hetao Water entered into the Equity Transfer Contract, pursuant to which Hetao Water agreed to transfer and the Company agreed to acquire 70% equity interest in the Target Company. The consideration payable by the Company is approximately RMB776,960,000 (equivalent to approximately HK$916,813,000). On 8 December 2017, the Company and Hetao Water also entered into the JV Contract, pursuant to which both parties agreed to implement the PPP Project through the Target Company by adopting the model of “Transfer-Operate-Transfer (TOT)”. Upon completion of the equity transfer and the capital increase and enlargement under the Equity Transfer Contract, the registered capital of the Target Company would be approximately RMB1,219,800,000 (equivalent to approximately HK$1,439,364,000), among which, the Company agreed to contribute in cash and would hold 70% thereof, and Hetao Water agreed to contribute in kind and will hold 30% thereof. After execution of the Equity Transfer Contract and the JV Contract, Bayannur Water Authority and the Target Company will enter into the Concession Agreement, pursuant to which Bayannur Water Authority will agree to grant the water supply concession rights and sewage water treatment concession rights to the Target Company with the concession period of 30 years. As the applicable percentage ratios are more than 5% but less than 25%, the transactions contemplated under the Equity Transfer Contract and the JV Contract constitute discloseable transactions of the Company under the Listing Rules. Accordingly, such transactions are subject to the reporting and announcement requirements only but exempt from the shareholders’ approval requirement under Chapter 14 of the Listing Rules.
DISCLOSEABLE TRANSACTIONS. DISPOSAL OF THE ENTIRE ISSUED SHARE CAPITAL OF THE TARGET AND ACQUISITION OF CRYPTOCURRENCY TERMINATION OF JV AGREEMENT THE DISPOSAL AND THE ACQUISITION IMPLICATIONS UNDER THE GEM LISTING RULES
DISCLOSEABLE TRANSACTIONS. On 8 October 2016 (after trading hours), Qingrui Factoring, a wholly-owned subsidiary of the Company, entered into the Factoring Agreements with Beijing Zhongyichuangyi pursuant to which Qingrui Factoring has agreed to provide account receivable factoring services with revolving facilities in the aggregate principal sum of RMB41,000,000 (equivalent to approximately HK$47,847,000) to Beijing Zhongyichuangyi. The principal terms of the Factoring Agreements are set out below:
(I) THE FACTORING AGREEMENTS
(A) Qingrui Business Factoring Limited
DISCLOSEABLE TRANSACTIONS. THE SUPPLEMENTAL SHANGHAI TENANCY AGREEMENT
DISCLOSEABLE TRANSACTIONS. Since one or more of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) of each of the Entrusted Loan Framework Agreement and Entrusted Loan Agreement when aggregated with the Previous Transactions is more than 5% but all the applicable percentage ratios are less than 25%, each of the Entrusted Loan Framework Agreement and Entrusted Loan Agreement constitutes a discloseable transaction of the Company and is subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules.
DISCLOSEABLE TRANSACTIONS. Since one or more of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) of each of the Renewable Resource Entrusted Loan Agreement and Xilinhaote Mining Entrusted Loan Agreement (when aggregated with Xilinhaote Mining Agreement (Implemented)) is more than 5% and all the applicable percentage ratios are less than 25%, each of the Renewable Resource Entrusted Loan Agreement and Xilinhaote Mining Entrusted Loan Agreement constitutes a discloseable transaction of the Company and is subject to the announcement requirement under Chapter 14 of the Listing Rules.
DISCLOSEABLE TRANSACTIONS. Since one or more of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) of each of the Renewable Resource Entrusted Loan Agreement and Xilinhaote Mining Entrusted Loan Agreement (when aggregated with the Xilinhaote Mining Agreement (Implemented)) is more than 5% and all the applicable percentage ratios are less than 25%, each of the Renewable Resource Entrusted Loan Agreement and Xilinhaote Mining Entrusted Loan Agreement constitutes a discloseable transaction of the Company and is subject to the announcement requirement under Chapter 14 of the Listing Rules. As at the date of this announcement, CDC together with its subsidiaries holds approximately 34.71% of the issued share capital of the Company. Renewable Resource Company and Xilinhaote Mining Company are both subsidiaries of the Company, and Renewable Resource Company and Xilinhaote Mining Company are owned as to 10.65% and 40% by CDC, respectively. Datang Finance Company is a subsidiary of CDC. Renewable Resource Company, Xilinhaote Mining Company and Datang Finance Company are therefore connected persons of the Company and the transactions under the Entrusted Loan Agreements constitute connected transactions of the Company under Chapter 14A of the Listing Rules. As one or more of the applicable percentage ratios (as defined in Rule 14.07 of the Listing Rules) of the aggregate principal amount of the entrusted loan under the Renewable Resource Agreements (Implemented) as at 17 June 2014 are more than 5%, while other applicable percentage ratios are less than 5%, the Renewable Resource Agreements (Implemented) and the transactions thereunder are subject to the requirements of reporting, announcement and approval by the independent Shareholders of the Company under Chapter 14A of the Listing Rules. In order to re-comply with the applicable requirements under Chapter 14A of the Listing Rules, the Company will convene an EGM to, among others, enable its independent Shareholders to consider, approve and ratify the Renewable Resource Agreements (Implemented) and the transactions thereunder. As one or more of the applicable percentage ratios (as defined in Rule 14.07 of the Listing Rules) of the aggregate principal amount of the entrusted loan under the Renewable Resource Agreement (New) when aggregated with the Renewable Resource Agreements (Implemented) are more than 5%, while other applicable percentage ratios are less than 5%, the Renewable Resource Entrusted Loan Agreem...
DISCLOSEABLE TRANSACTIONS. As the applicable percentage ratios in respect of the Deposit Services are more than 5% but less than 25%, the Deposit Services also constitute discloseable transactions of the Company under Chapter 14 of the Listing Rules and are therefore subject to the notification and announcement requirements under Rule 14.34 of the Listing Rules.
