Common use of OF THE LISTING RULES Clause in Contracts

OF THE LISTING RULES. Pursuant to the Facility Agreement, it requires that (i) the Controlling Shareholders will maintain beneficial shareholding of not less than 51% of the entire issued share capital of the Company; and (ii) any of Xx. XXX Xxxxx, Xx. XXX Xxx and Xx. XXX Xxxx shall remain as the chairman of the Board, otherwise it will constitute an event of default. Upon and at any time after the occurrence of an event of default, the Lenders may immediately cancel all or any part of their respective commitments and the outstanding amount under the Facility Agreement together with interest accrued thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 63.73% of the total issued share capital of the Company.

Appears in 1 contract

Samples: Facility Agreement

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OF THE LISTING RULES. Pursuant to the Facility Agreement, it requires that (i) the Controlling Shareholders will maintain beneficial shareholding of not less than 51Permitted Holders collectively beneficially own at least 40% of the entire issued share capital of the Company; and (ii) any of Xx. XXX Xxxxx, Xx. XXX Xxx and Xx. XXX Xxxx shall remain as the chairman of the Board, otherwise it will constitute an event of default. Upon and at any time after the occurrence of an event of defaultdefault which is continuing, the Lenders may Lender may, by notice to the Company, immediately cancel all or any part of their respective commitments and the outstanding amount under the Facility Agreement together with interest accrued thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders Permitted Holders are collectively beneficially interested in approximately 63.7355.87% of the total issued share capital of the Company.

Appears in 1 contract

Samples: Facility Agreement

OF THE LISTING RULES. Pursuant to the Facility Agreement, it requires that (i) the Controlling Shareholders will maintain beneficial shareholding of not less than 51% of the entire issued share capital of the Company; and (ii) any of Xx. XXX Xxxxx, Xx. XXX Xxx and Xx. XXX Xxxx shall remain as the chairman of the Board, otherwise it will constitute an event of default. Upon and at any time after the occurrence of an event of default, the Lenders may immediately cancel all or any part of their respective commitments and the outstanding amount under the Facility Agreement together with interest accrued thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 63.7368.13% of the total issued share capital of the Company.

Appears in 1 contract

Samples: Facility Agreement

OF THE LISTING RULES. Pursuant to the Facility Agreement, it requires that (i) the Controlling Shareholders will maintain beneficial shareholding of not less than 51% of the entire issued share capital of the Company; and (ii) any of Xx. XXX Xxxxx, Xx. XXX Xxx and Xx. XXX Xxxx shall remain as the chairman of the Board, otherwise it will constitute an event of default. Upon and at any time after the occurrence of an event of default, the Lenders may immediately cancel all or any part of their respective commitments and the outstanding amount under the Facility Agreement together with interest accrued thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 63.7363.43% of the total issued share capital of the Company.

Appears in 1 contract

Samples: Facility Agreement

OF THE LISTING RULES. Pursuant to the Facility Agreement, it requires that (i) the Controlling Shareholders will maintain beneficial shareholding of not less than 51% of the entire issued share capital of the Company; and (ii) any of Xx. XXX Xxxxx, Xx. XXX Xxx and Xx. XXX Xxxx shall remain as the chairman of the Board, otherwise it will constitute an event of default. Upon and at any time after the occurrence of an event of default, the Lenders Lender may immediately cancel all or any part of their respective commitments and the outstanding amount under the Facility Agreement together with interest accrued thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 63.7363.3% of the total issued share capital of the Company.

Appears in 1 contract

Samples: Facility Agreement

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OF THE LISTING RULES. Pursuant to the Facility Agreement, it requires that (i) the Controlling Shareholders will maintain beneficial shareholding of not less than 51% of the entire issued share capital of the Company; and (ii) any of Xx. XXX Xxxxx, Xx. XXX Xxx and Xx. XXX Xxxx shall remain as the chairman of the Board, otherwise it will constitute an event of default. Upon and at any time after the occurrence of an event of default, the Lenders may immediately cancel all or any part of their respective commitments and the outstanding amount under the Facility Agreement together with interest accrued thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 63.7363.37% of the total issued share capital of the Company.

Appears in 1 contract

Samples: Facility Agreement

OF THE LISTING RULES. Pursuant to the Facility Agreement, it requires that (i) the Controlling Shareholders will maintain beneficial shareholding of not less than 51% of the entire issued share capital of the Company; and (ii) any of Xx. XXX Xxxxx, Xx. XXX Xxx and Xx. XXX Xxxx shall remain as the chairman of the Board, otherwise it will constitute an event of default. Upon and at any time after the occurrence of an event of default, the Lenders may immediately cancel all or any part of their respective commitments and the outstanding amount under the Facility Agreement together with interest accrued thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 63.7363.46% of the total issued share capital of the Company.

Appears in 1 contract

Samples: Facility Agreement

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