RATIONALE OF THE PROPOSED DISPOSAL Sample Clauses

RATIONALE OF THE PROPOSED DISPOSAL. The Group's financial results in recent years have been greatly impacted and will foreseeably continue to face challenging market conditions and competitive business headwinds given the protracted current COVID pandemic conditions. ACL had also to undergo various retrofitting during recent years, as required by the national and local governments in China. Collectively, this has resulted in higher and increasing cost to maintain ACL’s operations, and has thus resulted in the gradual reduction of ACL’s profitability over the years. Therefore, the Company is of the view that it is in the best interest of the Company to dispose ACL given the conditions above and through this sale, unlock further value for the Group with an asset light strategy. After the disposal of ACL, the Group intends to focus on value added specialty chemicals, widen its customer base beyond the textile industry, deliver more cost-effective and eco- friendly solutions and accelerate its distribution of functional chemicals to meet immediate market demands. The Group is also looking to expand into the area of liquid filtration and wastewater treatment systems by licensing technologies on patented nano-membranes.
Sample 1
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RATIONALE OF THE PROPOSED DISPOSAL. The Board considers that the Proposed Disposal is in the interest of the Company, taking into consideration the following factors: (a) the Proposed Disposal will allow the Group to reallocate its resources to focus on stabilizing and expanding its existing business of distribution and retail of health supplements and food regionally and in Singapore as well as to pursue any future business opportunity going forward with the aim of enhancing shareholders’ value; (b) that Camsing Fuzhou would require a substantial amount of funding to maximize its potential and profitability. If the Group were to continue investing in Camsing Fuzhou, it would mean having to continue absorbing Camsing Fuzhou’s losses and until Camsing Fuzhou makes a profit, this could have an impact on the Group’s overall financial performance; (c) the Purchaser is willing to pay a price more than the indicative valuation of the Sale Shares (details of which are set out in section 4.3 below). The Proposed Disposal will generate a gain on disposal of approximately RMB 4.615 million (approximately SGD 922,000 at the exchange rate of RMB 5.0075 to SGD 1 as at 31 July 2018) (details of which are set out in section 4.4 below); (d) the Proposed Disposal will enable the Company to recover all investments made in Camsing Fuzhou, reflect a gain on disposal, and be able to redeploy the funds to expand its existing core business and for other working capital requirements; and (e) as Camsing Fuzhou is only at its initial stage of operations and business which are conducted through the Company indirect wholly-owned subsidiary, Nature’s Farm, the Proposed Disposal is not expected to have a material impact on the Group’s core business.
Sample 1
RATIONALE OF THE PROPOSED DISPOSAL. PENTA is undertaking the Proposed Disposal primarily to reduce its CLO, which will be due in October 2011, as well as other bank borrowings. The sale proceeds will be utilised to partially repay the amounts outstanding and subsequently reduce PENTA’s gearing. Such repayment is expected to result in interest savings of approximately RM2 million. In addition to the above, the Proposed Disposal is also undertaken for the following reasons: (i) to increase PENTA’s working capital in order to cater for foreseeable expansion in its projects next year, particularly the Glove Unique Reprocessing Unit (GURU) and Radio-Frequency Identification Device (RFID) and other projects in the semiconductor industry; (ii) PENTA intends to focus on its core competencies, which are the design and manufacturing of standard equipment; (iii) the management of PENTA is of the opinion that outsourcing is more cost competitive and effective due to the cyclical nature of the semiconductor industry, and intends to change its current business model towards this direction. With this model, PENTA will be able to benefit from savings from various areas including: (a) inventory holding costs and finance costs as PENTA will not need to carry inventory; (b) wastage and rework costs as manufacturing activity will be reduced; and (c) fixed overhead costs as there will be reduction in manufacturing space and human capital. Further, PENTA has plans to relocate a portion of its manufacturing activities to Perlis, due to the following: (i) the Perlis government has offered the Company a factory building sitting on a 10.8 acre land with a built-up area of approximately 200,000 square feet at a competitive rental rate of RM1.20 per square foot; (ii) PENTA would like to tap on the human capital available in Perlis; and (iii) the expected savings of 30% in overhead costs arising from the relocation.
Sample 1

Related to RATIONALE OF THE PROPOSED DISPOSAL

  • Notice of Intended Disposition In the event any Owner of Purchased Shares in which Optionee has vested desires to accept a bona fide third-party offer for the transfer of any or all of such shares (the Purchased Shares subject to such offer to be hereinafter referred to as the "Target Shares"), Owner shall promptly (i) deliver to the Corporation written notice (the "Disposition Notice") of the terms of the offer, including the purchase price and the identity of the third-party offeror, and (ii) provide satisfactory proof that the disposition of the Target Shares to such third-party offeror would not be in contravention of the provisions set forth in Articles B and C.

  • Data Disposition When the contracted work has been completed or when the Data is no longer needed, except as noted above in Section 5.b, Data shall be returned to DSHS or destroyed. Media on which Data may be stored and associated acceptable methods of destruction are as follows: Data stored on: Will be destroyed by:

  • Timing of Disposition Data shall be disposed of by the following date:

  • Notification of Disposition If this Option is designated as an Incentive Stock Option, Participant shall give prompt written notice to the Company of any disposition or other transfer of any Shares acquired under this Agreement if such disposition or transfer is made (a) within two (2) years from the Grant Date or (b) within one (1) year after the transfer of such Shares to Participant. Such notice shall specify the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or other consideration, by Participant in such disposition or other transfer.

  • Permitted Dispositions (a) Owner may elect to sell or transfer the Hotel (in whole, but not in part), or to permit the transfer of a Controlling Interest, to another Person provided that: (i) such Person is not a Prohibited Party (defined below), and (ii) such Person shall agree, in the case of any sale or transfer of the Hotel, to be bound by the terms of this Agreement and the other Hyatt Agreements (including the Technical Services Agreement (if still in effect) and to assume all of Owner’s obligations hereunder and thereunder (accrued and unaccrued) by way of an assumption agreement reasonably acceptable to Hyatt, to be executed concurrently with the sale or transfer of the Hotel. (b) At least 30 calendar days in advance of the closing of any sale or transfer permitted under (a) above, Owner shall provide written notice to Hyatt, and shall promptly furnish all information reasonably requested by Hyatt to confirm that any prospective buyer or transferee is not a Prohibited Party. (c) In the case of any assignment of this Agreement and the other Hyatt Agreements, upon satisfaction of the conditions set forth in sub-sections (a)(i), (a)(ii) and (b) above, Owner shall be relieved of any liability or obligation hereunder arising after the date of such assignment. (d) If such sale pursuant to subsection (a) above is a transfer of a Controlling Interest, the transferee shall execute and deliver to Hyatt as a condition to such transfer an acknowledgement of all terms and conditions of this Agreement and that this Agreement shall continue to be binding upon Owner on and following the date of such transfer. (e) Owner may elect to effect a transfer of an Ownership Interest that does not constitute a Controlling Interest (as a transfer of a Controlling Interest is governed by the above provisions in this Section 12.2) to another Person, subject to this Agreement and provided that: (i) such transferee is not a Person or Persons (A) who do not have sufficient financial capacity (along with the other Persons having Ownership Interests) to perform the obligations of Owner under this Agreement, (B) who are controlled by or associated with organized crime, (C) who have been convicted of a serious crime such that the Person’s affiliation with the Hotel would materially and adversely impact the reputation of the Hotel, Hyatt and/or is Affiliates, (D) who is a Restricted Person, or (E) who would be considered by regulators in the gaming industry to be unsuitable business associates of Hyatt or its Affiliates or whose affiliation with the Hotel would in any way jeopardize the Hotel’s licenses; (ii) at least 30 calendar days in advance of any such transfer permitted under this subsection (e), Owner shall provide written notice to Hyatt, and shall promptly furnish all information reasonably requested by Hyatt to confirm that any prospective transferee is not a party prohibited by this subsection (e); and (iii) if such transferee is a Brand Owner or an investor in a Brand Owner, Owner shall institute and maintain appropriate confidentiality measures and controls reasonably designed to prevent such transferee and/or those individuals actively involved in the operations, management, marketing and strategic planning of the Person engaged, directly or indirectly, in the issuance of licenses, issuance of franchises or owning or controlling of a Brand Owner from obtaining any confidential or proprietary information of Hyatt and any other information deemed to be confidential pursuant to the Agreement. (f) In the case of any Ground Lease relating to the Hotel, whether to or from an Affiliate of the then Owner or any owner (direct or indirect) of Owner or otherwise, (i) the lessee shall become the “Owner” hereunder and shall assume all of the liabilities and obligations of Owner herein set forth; (ii) the lessor shall execute a Lessor Non-Disturbance Agreement as described in Section 13.3, and (iii) if the lessee is an Affiliate of Owner, the lessor shall not be relieved of any liabilities or obligations of Owner hereunder. (g) The use and presentation of Hyatt Trademarks (including as the same may appear in photographs of the Hotel) in any offering memorandum, prospectus or other similar distribution, as well as information relating to the terms and conditions of the Hyatt Agreements, shall be subject to Hyatt’s prior written approval. (h) Except as set forth above, Owner shall not transfer the Hotel or its Controlling Interest or assign its rights and obligations under this Agreement.

  • Sale of the Property Any sale of the Property shall not affect this Lease or any of your obligations, but upon such sale we will be released from all of our obligations under this Lease and the new owner of the Property will be responsible for the performance of the duties of "Landlord" from and after the date of such sale.

  • Discontinued Disposition By its acquisition of Registrable Securities, each Holder agrees that, upon receipt of a notice from the Company of the occurrence of any event of the kind described in Section 3(d)(iii) through (vi), such Holder will forthwith discontinue disposition of such Registrable Securities under a Registration Statement until it is advised in writing (the “Advice”) by the Company that the use of the applicable Prospectus (as it may have been supplemented or amended) may be resumed. The Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company agrees and acknowledges that any periods during which the Holder is required to discontinue the disposition of the Registrable Securities hereunder shall be subject to the provisions of Section 2(d).

  • SALE OF THE PREMISES In the event the Property is marketed to be sold by the Owner during the Term of this Agreement, the Agent: (check one)

  • Required or Permitted Disclosure In the event that any requests or demands are made for the disclosure of Confidential Information, other than requests to Agent for Shareholder records pursuant to standard subpoenas from state or federal government authorities (e.g., divorce and criminal actions), the party receiving such request will promptly notify the other party to secure instructions from an authorized officer of such party as to such request and to enable the other party the opportunity to obtain a protective order or other confidential treatment, unless such notification is otherwise prohibited by law or court order. Each party expressly reserves the right, however, to disclose Confidential Information to any person whenever it is advised by counsel that it may be held liable for the failure to disclose such Confidential Information or if required by law or court order.

  • Asset Dispositions, etc The Borrower will not, and will not permit any of its Subsidiaries to, sell, transfer, contribute or otherwise convey, or grant options, warrants or other rights with respect to, all or substantially all of the assets of (a) the Borrower or (b) the Subsidiaries of the Borrower, taken as a whole, except sales of assets between or among the Borrower and Subsidiaries of the Borrower.

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