INFORMATION ON THE PURCHASER. The Purchaser is a state-owned company listed on the SSE and based in Nanhai District, Foshan City, Guangdong Province, PRC. The Purchaser, together with its subsidiaries engages in the tap water supply, sewage treatment, solid waste treatment and disposal, gas service and waste incineration power generational businesses in the PRC.
INFORMATION ON THE PURCHASER. 3.1 The Purchaser, AJ Jetting Pte Ltd, is a leading homegrown company with over 12 years of expertise in the industrial jetting and vacuuming industry. Its clients include established hotels and major shopping malls in Singapore.
3.2 The Purchaser is not related to any of the Directors and the controlling shareholders of the Company or any of their respective associates. As at the date of this announcement, the Purchaser does not own any shares in the Company.
INFORMATION ON THE PURCHASER. The information presented herein relating to information on the Purchaser is based on information provided by the Purchaser. In respect of such information, the Company has not independently verified the accuracy and correctness of the same and the Company’s responsibility is limited to ensuring that such information has been accurately and correctly extracted and reproduced in this announcement in its proper form and context.
INFORMATION ON THE PURCHASER. The information on the Purchaser provided below was provided to the Company by the Purchaser. In respect of such information, the Board has not conducted an independent review or verification of the accuracy and correctness of the statements and information below. The Board’s responsibility is limited to the proper extraction and reproduction herein in the context that is being disclosed in this announcement.
3.1 The Group was introduced to the Purchaser through a mutual acquaintance. There are no introducer fees paid or to be paid by the Group in connection with the Proposed Disposal.
3.2 The Purchaser, Xxxxx Xxxxx Xxxxx, is an American Citizen who is resident in Utah, the United States of America. Xxxxx Xxxxx Xxxxx is principally in the investment business and the multilevel marketing business. Xxxxx Xxxxx Xxxxx is not an “interested person” under Chapter 9 of the Catalist Rules.
INFORMATION ON THE PURCHASER. The information on the Purchaser provided below was provided to the Company by the Purchaser. In respect of such information, the Board has not conducted an independent review or verification of the accuracy and correctness of the statements and information below. The Board’s responsibility is limited to the proper extraction and reproduction herein in the context that is being disclosed in this announcement.
3.1 The Purchaser, Document Security Systems, Inc., is a company incorporated in New York, the United States of America on 30 May 1984 and as at the date of this announcement, has:
(a) an issued and paid-up share capital of US$174,553,334 comprising 5,836,212 shares; and
(b) an authorised capital of 200,000,000 shares, each with a par value of US$0.02.
3.2 The Purchaser is listed on the New York Stock Exchange and is a leader in anti-counterfeit, authentication and diversion protection technologies.
3.3 Xx Xxxx Xxxx Xxx, who is a director, the chief executive officer and a controlling shareholder of the Company, has an interest of 30% or more in the Purchaser as at the date of this announcement. Accordingly, the Purchaser is an associate (as defined under the Catalist Rules) of Xx Xxxx Xxxx Xxx. For the avoidance of doubt, Xx Xxxx Xxxx Xxx directly holds shares in the share capital of the Purchaser and indirectly holds shares in the share capital of the Purchaser through Heng Fai Holdings Limited, Hengfai Business Development Pte. Ltd. and the Company.
INFORMATION ON THE PURCHASER. The Purchaser is a company directly wholly-owned by Xx. Xxxxxx Xxxxx. The Purchaser is an investment holding vehicle holding the above-mentioned Target Companies and their subsidiaries upon completion of the Disposal Agreements. The principal business of the Purchaser Group shall be the principal business of the Target Companies and their subsidiaries as disclosed in this announcement.
INFORMATION ON THE PURCHASER. The Purchaser is a company incorporated in the People’s Republic of China, with its registered address at 8 South Binjiang Road, Taixing Economic Development Zone (泰兴市经济开发区滨江南路0号). In the MOU Announcement the Company had announced that it had entered into a memorandum of understanding with Kunshan Everfast Chemical Science and Technology Co., Ltd. ( 昆山恒捷化工科技有限公司) (“KEC”). KEC is an associate company of the Purchaser. The change in the entity as the Purchaser for the Agreement is for commercial reasons. As at the date of this Announcement, the Purchaser (and its ultimate beneficial shareholders) does not have any shareholding interest, direct or indirect in the Company, nor is the Purchaser (and its ultimate beneficial shareholders) related to any of the Directors, Substantial Shareholders, or their respective associates of the Company. None of the Directors or Substantial Shareholders of the Company or their respective associates have any shareholding interests, direct or indirect, in the Purchaser, nor are any of the Directors, Controlling Shareholders and their respective associates related to the Purchaser’s directors, controlling shareholders, or their respective associates.
INFORMATION ON THE PURCHASER. As announced in the 28 July Announcement, the Purchaser is a company incorporated in Singapore in the business of making strategic investments in which Xxxxxxx Xxx Xxx Xxxx, a Singapore citizen, is the sole shareholder and director of the company. Xxxxxxx manages her family business interests and previously worked in several global financial institutions.
INFORMATION ON THE PURCHASER. The Purchaser is a company incorporated in Hong Kong on 19 September 2018. The Purchaser is in the business of investment and trading. Under the terms of the Agreement, the Purchaser will, through a wholly foreign-owned enterprise to be nominated in the People’s Republic of China (the “Purchaser’s Nominee”), acquire the Sale Shares from Nature’s Farm at Completion (as defined in section 2.3 below). Further, the Company wishes to disclose the following:
(a) Xxx Xxx, an Executive Director of the Company will be appointed as director of the Purchaser’s Nominee; and
(b) Xxx Xxx, the Chief Executive Officer of Nature’s Farm will be appointed as legal representative and Director of the Purchaser’s Nominee.
INFORMATION ON THE PURCHASER. Xx Xxx is the founder, and current Chairman and President of Xxxxx Xxxxxx Investment Group Co., Ltd (“Toener”), an investment holding company incorporated in Hunan Province, the People’s Republic of China (the “PRC”) with core businesses in mining and real-estate development. Xx Xxx is also the current President of the Hunan Business Chamber in Sichuan Province, the PRC, having been elected to the position in 2014. Prior to the establishment of Toener, Xx Xxx is experienced in the financial investment and industrial operation sectors, having worked in the same in the provinces of Hunan, Guangzhou and Shenzhen in the PRC. Xx Xxx was also the General Manager of Xxxxx Xxxxxxxx Construction and Development Co., Ltd. from 1994 to 2004. Xx Xxx graduated with a Bachelor of Business Administration in Finance Management from Hunan University. Xx Xxx also obtained an Executive Master of Business Administration from the Xxxxxx Kong Graduate School of Business.
