FINANCIAL EFFECTS. This Agreement will not have any material impact on the issued share capital of the Group and the earnings and net assets of the Group for financial year ending 31 July 2020 but is expected to contribute positively to the earnings of the Nexgram Group during the tenure of the appointment.
FINANCIAL EFFECTS. The Agreement does not have any effect on the issued and paid-up capital, net assets and earnings of the Company for the financial year ending 31 December 2019. The Agreement is expected to contribute positively to the Group’s earnings and net assets in the future.
FINANCIAL EFFECTS. The DA is not expected to have any effect on the issued share capital and substantial shareholders’ shareholdings of the Company as it does not involve the issuance of any new ordinary shares in the Company. The DA is not expected to have any material impact on the Company’s earnings per share, net assets and gearing for the financial year ended 30 June 2023. However, it is expected to contribute positively to the future earnings of the Company.
FINANCIAL EFFECTS. The JDA is not expected to have any effect on the issued share capital and substantial shareholders’ shareholdings of the Company as it does not involve the issuance of any new ordinary shares in the Company. The JDA is not expected to have any material impact on the Company’s earnings per share, net assets and gearing for the current financial year ending 31 December 2023. However, it is expected to contribute positively to the future earnings of the Company.
FINANCIAL EFFECTS. The MOU will not have any effect on the issued share capital and substantial shareholders’ shareholdings of SHB. The MOU will not have any effect on the earnings per share, net assets per share and gearing of SHB for the financial year ending 31 December 2022.
FINANCIAL EFFECTS. The Agreement is not expected to have any material immediate effect on the net assets and gearing of the Group for the financial year ending 31 December 2021.
FINANCIAL EFFECTS. The Contract is expected to contribute positively to the earnings and net assets of Muhibbah Group for the current and future financial years. The Contract does not have any impact on the share capital and/or shareholding structure of Muhibbah.
FINANCIAL EFFECTS. The financial effects as set out below are strictly for illustrative purposes and do not necessarily reflect the actual financial position and performance of the Company or its subsidiaries, prepared according to the relevant accounting standards, following the Proposed Transactions. The financial effects of the Proposed Acquisition are prepared based on the unaudited consolidated financial statements of the Group for FY2013 and the following assumptions:
(i) the Group’s EPS/LPS was computed assuming that the Proposed Transactions and the issuance of the 74,117,000 new Shares (as announced by the Company on 19 August 2014) were completed on 31 December 2013;
(ii) the Group’s NTA was computed assuming that the Proposed Transactions the issuance of the 74,117,000 new Shares (as announced by the Company on 19 August 2014) were completed on 31 December 2013;
(iii) the Repayment Issue Price pursuant to the Bridge Loan Agreement and the Issue Price pursuant to the Placement Agreement is S$0.025(1) (“Illustrative Price”, i.e. 90% of the weighted average price of S$0.028 for trades done on 1 October 2014, being the last market day on which the Shares were traded on the SGX prior to the entry into the Placement Agreement, the Facility Agreement and the Bridge Loan Agreement. There were no trades of the Shares on 2 October 2014);
(iv) save for the relevant interests and estimated fixed expenses as stated in paragraph 5 above, expenses in connection with the Proposed Transactions are disregarded for the purposes of calculating the financial effects; and
(v) the exchange rate is S$1: RMB4.85 / HK$6.2.
6.1 Share Capital Issued and Paid- up Share Capital As at 31 December 2013 As at the date of Announcement(1) Assuming the issuance of the Conversion Shares at the Illustrative Price(1) Assuming the issuance of the Conversion Shares, and 1,600,000,000 Placement Shares at the Illustrative Price(1) Number of Shares 437,038,000 511,154,399 531,154,399 2,131,154,399 Share Capital (HK$) 43,703,740 51,115,439 53,115,439 213,115,429 Notes:
(1) On 19 August 2014, the Company issued 74,117,000 new Shares. For more information, please refer to the announcements of the Company available on xxx.xxx.xxx. The illustrative financial effect takes into account the 74,117,000 Shares issued.
6.2 Net tangible assets (“NTA”) As at 31 December 2013 As at the date of Announcement(1) Assuming the issuance of the Conversion Shares at the Illustrative Price(1) Assuming the issuance of the Conversi...
FINANCIAL EFFECTS. Based on the audited financial statements of the Group for FY2022:
(a) assuming that the Proposed Acquisition had been effected at the end of FY2022, the net tangible assets per share of the Group as at 31 December 2022 would have been the same at 28.9 cents; and
(b) assuming that the Proposed Acquisition had been effected at the beginning of FY2022, the earnings per share of the Group for FY2022 would remain the same at 5.3 cents. The above pro forma financial effects presented are theoretical in nature and only for illustration purposes. They do not represent the actual financial position and/or results of the Group.
FINANCIAL EFFECTS. The Second Supplemental Settlement Agreement will not have any effects on the share capital, shareholdings of substantial shareholders, earnings, net assets and dividend policy of KCB.
