PROPOSED INVESTMENT. Please indicate the amount of your proposed investment: $ .
PROPOSED INVESTMENT. Please indicate the amount of your proposed investment: $______________________ Please state the investing entity’s net worth at the time the securities will be purchased: $________________
PROPOSED INVESTMENT. Please indicate the amount of the entity’s proposed investment in the Company. $
PROPOSED INVESTMENT. $900,000 The proposed investment will consist of a demand subordinated debenture on all of the Company's assets, including but not limited to technology, subject only to prior conventional chartered bank lending. The loan will bear interest at 10% compounded annually, payable monthly. The principal amount is due in full five years and one day from the date of disbursement or upon default. Repayable in full upon sale of the Company, change of control of the Company, sale of all or substantially all of the Company's assets or if SSI sells any of its shares in the Company. Default will consist of late or no payment of interest, default under any other financial obligation (except payables, may be extended to 60 days), upon action taken against the Company by any creditor or by inability to meet financial obligations as they come due. Additional conditions of default may be required as legal documentation proceeds.
PROPOSED INVESTMENT. 1.1 ECF Operator CrowdPlus Sdn. Bhd.
1.2 Company / Issuer PENTAIP (M) SDN BHD (170552-P)
1.3 Existing Shareholder(s) The Existing Shareholder(s) are:- 1. Yeong Ning 2. Xxxxx Xxxx Ling 3. Xxxxx Xxxx Kong 4. The Estate of The Late Xxxx Xxxx Xxxx
1.4 Description of business / project to be funded Robo-advisors service based on big data.
(a) Targeted amount sought to be raised on the ECF Platform RM 500,000 The Issuer agrees and acknowledges that the maximum amount to be raised is RM3,000,000 and if the Campaign has achieved this maximum fundraising amount, the Campaign shall be closed immediately.
(b) Targeted number of shares in the event that the targeted amount in Clause 1.5 (a) is raised 384,615 units of RCPS (c) Subscription Price RM1.30 per RCPS (d) Additional benefits offered The Issuer will offer four investment packages depending on the investment amount subscribed by the Investor. The following are the additional vouchers and/or benefits offered by the Issuer under each package:- Packages Starter Standard Premium Prime Investment amount payable by the investor (RM) 3,120 6,240 12,480 24,960 Pentaip packages 2 years Pentaip Premium user package 1 year Pentaip Intelligence user package 3 years Pentaip Intelligence user package 5 years Pentaip Intelligence user package SUBJECT MATTER DETAILS worth RM2,305 worth RM5,263 worth RM10,526 worth RM17,544 In the event that the amount raised on the ECF Platform exceeds the targeted amount in clause 1.5 (a), the ECF Operator and Issuer have the right to jointly decide on the amount to accept for this investment and confirm on the list of the Investors to be accepted. As the investment by the Investors is described in value terms, there is a possibility the resulting number of shares to be issued to be in decimals and shares cannot be issued in decimals. In such an event, the resulting number of shares from the investment shall be rounded down or up to the nearest whole number at the discretion of the Issuer.
1.6 Pre – money valuation RM 27,000,000.00
1.7 Instrument for investment Redeemable convertible preference shares (“RCPS”) with the following terms: (
a) Interest Subject to the applicable laws, the holders of RCPS shall be paid annual interest at the rate of ten per centum (10%) per annum on the Subscription Price for 3 years commencing from the date of subscription (“Maturity Period”).
PROPOSED INVESTMENT. Purchaser desires to invest in MMEX to facilitate funding of MMEX working capital and all or some portion of the payment schedules under the proposed option agreements through an preferred equity investment facility convertible into common equity shares of MMEX (the “Preferred Convertible Investment”);
PROPOSED INVESTMENT. Talent Set is to invest a total of US$57,308,548 (approximately HK$447 million) into Investco, as to US$8.55 million (approximately HK$66.7 million) in the form of equity and the remainder in the form of shareholder’s loan. LHC is to contribute US$450,000 (approximately HK$3.5 million) into Investco and US$133,269,944 (approximately HK$1,040 million) into the Project Company. LHC is to arrange for all other financing requirements of the Project Company and may charge a 1% guarantee fee on the principal amount of employment based fifth preference (EB-5) financing loan that may be secured by the Project Company and guaranteed by LHC. Talent Set is entitled to receive 30% of the profit generated by the Sunnyvale Project up to a pre-agreed amount determined by reference to the internal rate of return (IRR) of the Sunnyvale Project beyond which Talent Set’s share of profits will be reduced on a pre-agreed scale. If Talent Set does not receive US$38 million from the Project Company on or before 30 November 2016 by way of repayment of shareholder’s loan, equity or profit distribution, LHC will be responsible for paying approximately US$28.7 million to Talent Set by that date and thereafter, for the next three years, to the extent that there is cash available for such repayment of shareholder’s loan, equity or profit distribution, Talent Set shall be entitled to have priority payments (whether by repayment of shareholder’s loan, equity or profit distribution) of agreed amounts ahead of other members of the Project Company and Investco. No payment is to be made to LHC by way of repayment of shareholder’s loan or return of equity or other distributions at any time before Talent Set receives the payments to which it is entitled at that time. LHC is required to maintain at least 40% effective interest in the Project Company and at least 5% voting participating shares in Investco, unless Talent Set otherwise agrees in writing. If LHC intends to transfer or pledge its membership interest of equal to or less than 30% in the Project Company in part or in whole to a third party, LHC shall notify Talent Set in writing in advance. Talent Set may not transfer or pledge its equity interest in Investco without the prior written consent of LHC. Talent Set is to have rights to nominate manager(s) to the boards of managers of Investco and the Project Company, certain information rights in respect of the two companies and the Sunnyvale Project and customary veto rights in respect o...
PROPOSED INVESTMENT. As elaborated above, the Proposed Investment is an investment by the Group into the New Business, pursuant to which the Group intends to construct the Synthetic Ammonia Production Facility and lease the Urea Production Facility. Accordingly, the Proposed Investment is not, and does not involve, an acquisition of assets or a disposal of assets nor the provision of financial assistance. In light of the foregoing, the Board is of the view that the Proposed Investment would not fall within the definition of "transaction" under Rule 1002 of the Catalist Rules. Considering the following factors such as maintaining good corporate governance, taking into account the size of the Proposed Investment, the impact on the Group’s gearing as well as the Proposed IPTs comprised thereunder, the Proposed Investment shall be subject to the receipt of requisite Shareholders’ approval. In this connection, the Company intends to submit an application to the SGX-ST, to seek the concurrence of the SGX-ST of the Company's treatment of the Proposed Investment as a corporate action that does not constitute a "transaction" under Chapter 10 of the Catalist Rules and accordingly, the requirements of Chapter 10 of the Catalist Rules would not be applicable to the Proposed Investment. For the avoidance of doubt, the requirements of Chapter 9 of the Catalist Rules remain applicable to the Company and will be complied with, where applicable. Solely for completeness and illustration purposes only, please refer to the table below for the relative figures in relation to the Proposed Investment computed on the applicable bases set out in Rule 1006 of the Catalist Rules and are based on the latest announced consolidated accounts of the Group, being the unaudited financial statements for the half year ended 30 June 2023 ("HY2023"). Please note that such illustrations do not take into account the potential impact if any, of the matters described under the Definitive Agreements as none of the Definitive Agreements have been entered into as at the date of this announcement, save that the illustrations below take into account the Reimbursement Amount. The Company will make an announcement upon the entry into of the Definitive Agreements, along with, inter alia, updated relative figures computed on the applicable bases set out in Rule 1006 of the Catalist Rules, in respect of the Proposed Investment. Catalist Rule Bases of computation Relative figures (%)
(a) The net asset value ("NAV") of the assets...
PROPOSED INVESTMENT
