Proposed Disposal. The Company is not a party to any outstanding agreement to acquire or dispose of land or Properties or any interest in land or Properties.
Proposed Disposal. The proposed disposal of 40% equity interest in Kumpulan Voir by Vertice to Distinct Seasons for a total cash consideration of approximately RM9.0 million, subject to the terms and conditions as set out in the Disposal SSA RCPS : 2% cumulative redeemable convertible preference shares in Vertice issued and/or to be issued pursuant to the Issuance of RCPS RM and sen : Ringgit Malaysia and sen respectively Shareholders : Registered holders of Vertice Shares SIS : Employees’ share issuance scheme of the Company which took effect on 18 December 2017 and unless extended, is effective for a period of 5 years SIS Options : SIS options that may be granted to eligible persons during the duration of the SIS, where each holder of the options can subscribe for 1 new Share for every 1 option held in accordance with the terms and provisions of the by-laws Subscription : The subscription of 14,880,000 and 22,320,000 new ordinary shares in Kumpulan Voir by Xxxxxxx and Seow Khim Soon respectively, which was completed on 21 October 2021 Subscription Agreement : Subscription agreement dated 27 September 2021 entered into between Vertice, Seow Khim Soon and Kumpulan Voir for the Subscription Supplemental Principal SSA : Supplemental share sale agreement dated 21 October 2020 entered into between Vertice and Seow Khim Soon for the Initial 60% Disposal Vertice or the Company or the Vendor : Vertice Berhad (200701007217 (765218-V)) Vertice Group or the Group : Collectively, the Company and its subsidiaries Vertice Shares or Shares : Ordinary shares in the Company Warrants A : Existing warrants 2014/2024 of the Company. Each warrant holder is entitled the right to subscribe for 1 Share at an exercise price of RM0.50
Proposed Disposal. No member of the Company Group is a party to any outstanding agreement to acquire or dispose of land or Properties or any interest in land or Properties.
Proposed Disposal. Pursuant to the terms and subject to the conditions of the SPA, SY Concrete and Assetgold shall sell and Shanghai Jiangong and Shanghai Construction shall purchase 75% and 25% equity interest respectively in the registered capital of SIP Yongsheng (collectively, the “Disposal Shares”).
Proposed Disposal. No Group Company is a party to any outstanding agreement to acquire or dispose of land or Properties or any interest in land or Properties.
Proposed Disposal. Pursuant to the terms and subject to the conditions of the SPA, LCCE shall sell as beneficial owner and the Purchaser shall purchase the entire issued and paid-up capital of LCDPL comprising 8,732,306 issued and paid-up ordinary shares (the “Sale Shares”) free from all Encumbrances (as defined in the SPA) and together with all rights attaching thereto or accruing thereto, as at the Completion Date (as defined below) and thereafter.
Proposed Disposal. The Purchase Consideration is based on the net book value of the leasehold property together with machinery and equipment held by ASE which was valued at S$7,942,532 as at 30 June 2018. The Purchase Consideration which was arrived at on a willing buyer willing seller basis will be satisfied by the Purchaser by way of cash. The Purchase Consideration shall be paid to ASE in the following manner: -
(i) Deposit of S$1,400,000 was paid upon signing the non-binding term sheet on 14 August 2018; and
(ii) Final payment of S$12,600,000 on completion of the SPA. The Proposed Disposal is expected to be completed on the 10th business day after fulfilment or waiver of all the conditions precedent stated in the SPA (“Completion Date”).
Proposed Disposal. 14.1 The Collection-Owning Body may not dispose of the Collection within twenty-five (25) years of the date of this agreement to anyone other than the Collection- Operating Body, unless this agreement has been terminate under clause 15.
14.2 In the event of the Collection-Owning Body wishing to dispose of the Collection the Collection-Owning Body shall make a financial offer at market value, to the Collection-Operating Body in the first instance, in accordance with the Harrow Museum Collection Policy, by way of gift or sale.
14.3 In the case of the Collection-Operating Body not wishing to acquire the Collection, the Collection can then be offered to another Accredited Museum.
14.4 In the event of the closure of the Museum Service by the Collection-Operating Body, the Collection-Owning Body must be given a minimum of three (3) months written notice from the date of the final Cabinet decision.
14.5 In the event of such a decision (14.3), the Collection-Owning Body must follow the disposal protocol set out in Sections B, D and F of the Harrow Museum Collection Policy.
Proposed Disposal. The relative figures for the Proposed Disposal based on revised Disposal Consideration as computed using the applicable bases of comparison set out in Rule 1006 of the Listing Manual are as follows:
(a) Unaudited net asset value of the Disposal Group as at 30 September 2014, compared with the Group's latest announced unaudited consolidated net asset value as at 30 September 2014
(b) The unaudited consolidated net loss of RMB17.6 million attributable to the Disposal Group for the 9- month financial period ended 30 September 2014, compared with the Group's latest announced unaudited consolidated net loss of RMB34.8 million for the 9-month financial period ended 30 September 2014
(c) The aggregate value of the consideration for the Proposed Disposal, compared with the Company's market capitalisation as at 30 December 2014, being the full market day immediately preceding the date of the Amended and Restated SPA 83.4%(1) 50.6%(2) 52.4%(3)
(d) Number of equity securities issued by the issuer as consideration for an acquisition, compared with the number of equity securities previously in issue Not applicable
(e) The aggregate volume or amount of proved and probable reserves to be disposed of, compared with the aggregate of the Group’s proved and probable reserves. Not applicable as the Proposed Disposal does not relate to the disposal of any mineral, oil or gas assets by a mineral, oil and gas company(4)
Proposed Disposal. NewCo proposes to dispose the entire issued and paid-up share capital of Antah comprising 169,815,233 Antah Shares (after the Proposed Scheme of Arrangement with Shareholders) to the Antah Group Purchaser for a nominal cash consideration of RM1.00 ("Proposed Disposal"). On 8 May 2006, NewCo and the Antah Group Purchaser had entered into the Disposal SPA for the Proposed Disposal. The Proposed Disposal is to facilitate the realisation of Xxxxx's surplus assets as envisaged under the Proposed Scheme of Arrangement with Creditors. The proceeds from these assets net of operational and administrative expenses of Antah and all other incidental charges as may be incurred pursuant to the day to day running of the business operations of Antah and the implementation of the Proposed Restructuring Scheme shall be set aside for distribution to the Scheme Creditors. NewCo will not assume any liabilities arising from the Proposed Disposal.