RATIONALE FOR THE DISPOSAL Sample Clauses

RATIONALE FOR THE DISPOSAL. The Group has been in discussions with its 51% joint venture partner, MMLT, to cease the operation of Shimao Jewellery due to the past financial performance and foreseeable economic and social impact on the retail business caused by coronavirus outbreak in China. As a result, the Board expects Shimao Jewellery’s operational environment to be challenging and is of the view that the Disposal offers an exit from its investment in Shimao Jewellery, which will allow the Group to re-strategise its cash commitment to avoid further capital commitment and minimize further losses in Shimao Jewellery.
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RATIONALE FOR THE DISPOSAL. The Disposal will enable the Group to re-strategize and deploy its resources towards business activities and/or venture which are in line with the strategic plans of the Group.
RATIONALE FOR THE DISPOSAL. The Disposal provides an opportunity for Minetech Group to unlock the value and monetise the Properties at an attractive price and will enable the Group to raise funds for the working capital requirements and/or repayment of borrowings of the Company and/or its subsidiaries.
RATIONALE FOR THE DISPOSAL. The Disposal is in line with the Group’s strategy to divest under-utilised assets for cost savings, and will allow the Group to unlock the value of the Assets. The proceeds from the Disposal will provide the Group with additional working capital to fund the operations and expansion of its core businesses and also to undertake new investment opportunities that may arise in the future.

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