Common use of Reallocation from the International Offering to the Hong Kong Public Offering Clause in Contracts

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of Hong Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of Hong Kong Offer Shares initially offered (a “Hong Kong Public Offering Over-Subscription”), then: 4.11.1 subject to any required reallocation as set forth below in Clause 4.11.2 and the relevant requirements under the SEHK guidance letter GL91-18, the Sole Global Coordinator, in their sole and absolute discretion, may (but shall have no obligation to) reallocate Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters may be reduced in such manner and proportions as the Sole Global Coordinator may in its sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and 4.11.2 if the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 15 times or more but less than 50 times, (ii) 50 times or more but less than 100 times, or (iii) 100 times or more, of the number of the Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,000, 9,340,000 and 11,674,000 Shares, respectively, representing approximately 30% (in the case of (i)), approximately 40% (in the case of (ii)) or 50% (in the case of (iii)), respectively, of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over- Allotment Option). In each of the above cases, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters shall be reduced accordingly and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.

Appears in 2 contracts

Samples: Hong Kong Underwriting Agreement, Hong Kong Underwriting Agreement

AutoNDA by SimpleDocs

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of Hong Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of Hong Kong Offer Shares initially offered (a “Hong Kong Public Offering Over-Subscription”), then: 4.11.1 subject to any required reallocation as set forth below in Clause 4.11.2 and the relevant requirements under the SEHK guidance letter provisions set out in HKEx-GL91-18, the Sole Joint Global CoordinatorCoordinators, in their sole and absolute discretion, may (but shall have no obligation to) reallocate Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters may be reduced in such manner and proportions as the Sole Joint Global Coordinator Coordinators may in its their sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and 4.11.2 if the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 15 12 times or more but less than 50 40 times, (ii) 50 40 times or more but less than 100 85 times, or (iii) 100 85 times or more, of the number of the Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,0008,528,000, 9,340,000 11,152,000 and 11,674,000 21,648,000 Shares, respectively, representing approximately 3013% (in the case of (i)), approximately 4017% (in the case of (ii)) or 5033% (in the case of (iii)), respectively, of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over- Over-Allotment Option). In each of the above cases, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters shall be reduced accordingly and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.

Appears in 1 contract

Samples: Underwriting Agreement (BeiGene, Ltd.)

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of Hong Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of Hong Kong Offer Shares initially offered (a “Hong Kong Public Offering Over-Subscription”), then: 4.11.1 (a) subject to any required reallocation as set forth below in Clause 4.11.2 and the relevant requirements under the SEHK guidance letter GL91-18(b), the Sole Joint Global CoordinatorCoordinators, in their sole and absolute discretiondiscretion and in prior consultation with the Company, may (but shall have no obligation to) reallocate Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters may be reduced in such manner and proportions as the Sole Joint Global Coordinator Coordinators may in its their sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and 4.11.2 (b) if the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 10 times or more but less than 15 times, (ii) 15 times or more but less than 50 times, (ii) 50 times or more but less than 100 20 times, or (iii) 100 20 times or more, of the number of the Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,0002,724,200, 9,340,000 3,143,350 and 11,674,000 6,915,300 Shares, respectively, representing approximately 306.5% (in the case of (i)), approximately 407.5% (in the case of (ii)) or 5016.5% (in the case of (iii)), respectively, of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over- Over-Allotment Option). In each of the above cases, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters shall be reduced accordingly and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.

Appears in 1 contract

Samples: Hong Kong Underwriting Agreement (Yum China Holdings, Inc.)

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of Hong Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of Hong Kong Offer Shares initially offered (a “Hong Kong Public Offering Over-Subscription”), then: 4.11.1 subject to any required reallocation as set forth below in Clause 4.11.2 4.11.2‎ and the relevant requirements under the SEHK guidance letter provisions set out in HKEX-GL91-18, the Sole Joint Global CoordinatorCoordinators, in their sole and absolute discretion, may (but shall have no obligation to) reallocate Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters may be reduced in such manner and proportions as the Sole Joint Global Coordinator Coordinators may in its their sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and 4.11.2 if the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 15 times or more but less than 50 times, (ii) 50 times or more but less than 100 times, or (iii) 100 times or more, of the number of the Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,00012,330,000, 9,340,000 16,440,000 and 11,674,000 20,550,000 Shares, respectively, representing approximately 30% (in the case of (i)), approximately 40% (in the case of (ii)) or 50% (in the case of (iii)), respectively, of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over- Allotment Over-allotment Option). In each of the above cases, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters shall be reduced accordingly and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.

Appears in 1 contract

Samples: Hong Kong Underwriting Agreement (MINISO Group Holding LTD)

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of Hong Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of Hong Kong Offer Shares initially offered (a “Hong Kong Public Offering Over-Subscription”), then: 4.11.1 subject to any required reallocation as set forth below in Clause 4.11.2 and the relevant requirements under the SEHK guidance letter GL91-184.11.2, the Sole Global CoordinatorJoint Representatives, in their sole and absolute discretion, may (but shall have no obligation to) reallocate Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer Shares Class A ordinary shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters may be reduced in such manner and proportions as the Sole Global Coordinator Joint Representatives may in its their sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and 4.11.2 if the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 10 times or more but less than 15 times, (ii) 15 times or more but less than 50 times, (ii) 50 times or more but less than 100 20 times, or (iii) 100 20 times or more, of the number of the Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,0003,300,000, 9,340,000 4,400,000 and 11,674,000 Shares5,500,000 Class A ordinary shares, respectively, representing approximately 30% (in the case of (i)), approximately 40% (in the case of (ii)) or 50% (in the case of (iii)), respectively, of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over- Over-Allotment Option). In each of the above cases, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters shall be reduced accordingly and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.

Appears in 1 contract

Samples: Hong Kong Underwriting Agreement (WEIBO Corp)

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of Hong Kong Public Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of Hong Kong Public Offer Shares initially offered (a “Hong Kong Public Offering Over-Subscription”), then: 4.11.1 subject to any required reallocation as set forth below in Clause 4.11.2 and the relevant requirements under the SEHK guidance letter GL91-GL91- 18, the Sole Global CoordinatorRepresentative, in their its sole and absolute discretion, may (but shall have no obligation to) reallocate Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional Hong Kong Public Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters may be reduced in such manner and proportions as the Sole Global Coordinator Representative may in its sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and; 4.11.2 if purchasers have been procured by the International Underwriters for all the International Offer Shares initially offered (the “International Offering Full or Over- subscription”) and the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 15 times or more but less than 50 times, (ii) 50 times or more but less than 100 times, or (iii) 100 times or more, of the number of the Hong Kong Public Offer Shares initially available for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,0003,588,600, 9,340,000 4,784,800 and 11,674,000 5,981,000 Shares, respectively, representing approximately 30% (in the case of (i)), approximately 40% (in the case of (ii)) or 50% (in the case of (iii)), respectively, of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over- Over-Allotment Option); and 4.11.3 if (i) the International Offering Full or Over-subscription occurs, and the Hong Kong Public Offering Over-Subscription represents a subscription of more than 100%, but less than 15 times, of the number of Hong Kong Public Offer Shares initially available under the Hong Kong Public Offering; or (ii) the International Offer Shares under the International Offering are not fully subscribed, and the Hong Kong Public Offering Over-Subscription represents a subscription of more than 100% of the number of Hong Kong Public Offer Shares initially available under the Hong Kong Public Offering, the Sole Representative may, at its sole and absolute discretion, reallocate the Offer Shares initially allocated for the International Offering to the Hong Kong Public Offering to satisfy the Hong Kong Public Offering Over-Subscription, provided that the total number of Hong Kong Public Offer Shares available under the Hong Kong Public Offering shall not be increased to more than 2,392,400 Offer Shares, representing two times the number of Hong Kong Public Offer Shares initially available under the Hong Kong Public Offering and 20% of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over-Allotment Option). In each of the above cases, (i) the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters shall be reduced accordingly and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering. The International Underwriters will be entitled to the underwriting commission referred to in Clause 6.1 in respect of such reallocated Offer Shares.

Appears in 1 contract

Samples: Hong Kong Underwriting Agreement

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of the Hong Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of the Hong Kong Offer Shares initially offered (a “Hong Kong Public Offering Over-Subscription”), then: 4.11.1 4.13.1 subject to any required reallocation as set forth below in Clause 4.11.2 4.13.2 and the relevant requirements under provisions set out in chapter 4.14 of the SEHK guidance letter GL91-18Guide for New Listing Applicants issued by the SEHK, the Sole Global CoordinatorOverall Coordinators, in their sole and absolute discretion, may (but shall have no obligation to) reallocate the Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated the Offer Shares as additional Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer the Shares available under the International Offering and the respective International Offering Underwriting Commitments Commitment of the International Underwriters may be reduced in such manner and proportions as the Sole Global Coordinator Overall Coordinators may in its their sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and 4.11.2 4.13.2 if the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 15 times or more but less than 50 times, (ii) 50 times or more but less than 100 times, or (iii) 100 times or more, of the number of the Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering, then the Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of the Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,0007,732,200, 9,340,000 10,309,600 and 11,674,000 12,887,000 Shares, respectively, representing approximately 30% (in the case of (i)), approximately 40% (in the case of (ii)) or 50% (in the case of (iii)), respectively, of the total number of the Offer Shares initially available under the Global Offering (before any exercise of the Over- Allotment Over-allotment Option). In each of the above cases, the number of the Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments Commitment of the International Underwriters shall be reduced accordingly in such manner and proportions as the Overall Coordinators may in their sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering. Notwithstanding any other provisions of this Agreement, any reallocation of Offer Shares from the International Offering to the Hong Kong Public Offering shall be conducted in accordance with the relevant rules and guidance of the SEHK.

Appears in 1 contract

Samples: Investment Agreement

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of Hong Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of Hong Kong Offer Shares initially offered (a “Hong Kong Public Offering Over-Subscription”), then: 4.11.1 subject to any required reallocation as set forth below in Clause 4.11.2 and the relevant requirements under the SEHK guidance letter GL91-18, the Sole Global Coordinator, in their its sole and absolute discretion, may (but shall have no obligation to) reallocate Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters Underwriter may be reduced in such manner and proportions as the Sole Global Coordinator may in its sole and absolute discretion determine and the Hong Kong Underwriters Underwriter will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and 4.11.2 if the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 15 times or more but less than 50 times, (ii) 50 times or more but less than 100 times, or (iii) 100 times or more, of the number of the Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,0007,182,000, 9,340,000 9,575,000 and 11,674,000 11,968,500 Shares, respectively, representing approximately 30% (in the case of (i)), approximately 40% (in the case of (ii)) or 50% (in the case of (iii)), respectively, of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over- Over-Allotment Option). In each of the above cases, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments Commitment of the International Underwriters Underwriter shall be reduced accordingly and the Hong Kong Underwriters Underwriter will not be entitled to the underwriting commission referred to in Clause Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.

Appears in 1 contract

Samples: Hong Kong Underwriting Agreement

AutoNDA by SimpleDocs

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of Hong Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of Hong Kong Offer Shares initially offered (a “Hong Kong Public Offering Over-Subscription”), then: 4.11.1 subject to any required reallocation as set forth below in Clause 4.11.2 and the relevant requirements under the SEHK guidance letter GL91-184.11.2, the Sole Global CoordinatorRepresentative, in their its sole and absolute discretiondiscretion and in prior consultation with the Company, may (but shall have no obligation to) reallocate Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer Shares Class A ordinary shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters may be reduced in such manner and proportions as the Sole Global Coordinator Representative may in its their sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and 4.11.2 if the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 15 times or more but less than 50 times, (ii) 50 times or more but less than 100 times, or (iii) 100 times or more, of the number of the Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,000333,000, 9,340,000 444,000 and 11,674,000 Shares555,000 Class A ordinary shares, respectively, representing approximately 30% (in the case of (i)), approximately 40% (in the case of (ii)) or 50% (in the case of (iii)), respectively, of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over- Allotment Option). In each of the above cases, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters shall be reduced accordingly and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.Option).‌

Appears in 1 contract

Samples: Hong Kong Underwriting Agreement

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of Hong Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of Hong Kong Offer Shares initially offered (a "Hong Kong Public Offering Over-Subscription"), then: 4.11.1 subject to any required reallocation as set forth below in Clause 4.11.2 and the relevant requirements under the SEHK guidance letter GL91-Guidance Letter GL91- 18, the Sole Global CoordinatorOverall Coordinators, in their sole and absolute discretion, may (but shall have no obligation to) reallocate Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters may be reduced in such manner and proportions as the Sole Global Coordinator Overall Coordinators may in its their sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and 4.11.2 if the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 15 times or more but less than 50 times, (ii) 50 times or more but less than 100 times, or (iii) 100 times or more, of the number of the Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,0008,073,600, 9,340,000 10,764,800 and 11,674,000 13,456,000 H Shares, respectively, representing approximately 30% (in the case of (i)), approximately 40% (in the case of (ii)) or 50% (in the case of (iii)), respectively, of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over- Allotment Option)Offering. In each of the above cases, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters shall be reduced accordingly and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.

Appears in 1 contract

Samples: Hong Kong Underwriting Agreement

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of Hong Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of Hong Kong Offer Shares initially offered (a “Hong Kong Public Offering Over-Subscription”), then: 4.11.1 subject to any required reallocation as set forth below in Clause 4.11.2 and the relevant requirements under the SEHK guidance letter GL91-184.11.2‎, the Sole Joint Global CoordinatorCoordinators, in their sole and absolute discretion, may (but shall have no obligation to) reallocate Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters may be reduced in such manner and proportions as the Sole Joint Global Coordinator Coordinators may in its their sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and; 4.11.2 if the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 15 times or more but less than 50 times, (ii) 50 times or more but less than 100 times, or (iii) 100 times or more, of the number of the Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,00030,000,000, 9,340,000 40,000,000 and 11,674,000 50,000,000 Shares, respectively, representing approximately 30% (in the case of (i)), approximately 40% (in the case of (ii)) or 50% (in the case of (iii)), respectively, of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over- Allotment Over-allotment Option). In each of the above cases, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters shall be reduced accordingly and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.

Appears in 1 contract

Samples: Hong Kong Underwriting Agreement (Li Auto Inc.)

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of Hong Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of Hong Kong Offer Shares initially offered (a “Hong Kong Public Offering Over-Subscription”), then: 4.11.1 subject to any required reallocation as set forth below in Clause 4.11.2 and the relevant requirements under the SEHK guidance letter GL91-18, the Sole Global Coordinator, in their its sole and absolute discretion, may (but shall have no obligation to) reallocate Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters Underwriter may be reduced in such manner and proportions as the Sole Global Coordinator may in its sole and absolute discretion determine and the Hong Kong Underwriters Underwriter will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and 4.11.2 if the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 15 times or more but less than 50 times, (ii) 50 times or more but less than 100 times, or (iii) 100 times or more, of the number of the Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,0005,381,500, 9,340,000 7,175,000 and 11,674,000 8,968,500 Shares, respectively, representing approximately 30% (in the case of (i)), approximately 40% (in the case of (ii)) or 50% (in the case of (iii)), respectively, of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over- Over-Allotment Option). In each of the above cases, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments Commitment of the International Underwriters Underwriter shall be reduced accordingly and the Hong Kong Underwriters Underwriter will not be entitled to the underwriting commission referred to in Clause Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.

Appears in 1 contract

Samples: Hong Kong Underwriting Agreement

Reallocation from the International Offering to the Hong Kong Public Offering. If the number of Hong Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications exceeds the number of Hong Kong Offer Shares initially offered (a “Hong Kong Public Offering Over-Subscription”), then: 4.11.1 subject to any required reallocation as set forth below in Clause 4.11.2 and the relevant requirements under the SEHK guidance letter GL91-184.11.2, the Sole Joint Global CoordinatorCoordinators, in their sole and absolute discretion, may (but shall have no obligation to) reallocate Offer Shares from the International Offering to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of such reallocation, the number of Offer Shares Class A ordinary shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters may be reduced in such manner and proportions as the Sole Joint Global Coordinator Coordinators may in its their sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering; and 4.11.2 if the Hong Kong Public Offering Over-Subscription represents a subscription of (i) 15 times or more but less than 50 times, (ii) 50 times or more but less than 100 times, or (iii) 100 times or more, of the number of the Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated to the Hong Kong Public Offering from the International Offering so that the total number of Offer Shares available under the Hong Kong Public Offering shall be increased to 7,005,0001,662,000, 9,340,000 2,216,000 and 11,674,000 Shares2,770,000 Class A ordinary shares, respectively, representing approximately 30% (in the case of (i)), approximately 40% (in the case of (ii)) or 50% (in the case of (iii)), respectively, of the total number of Offer Shares initially available under the Global Offering (before any exercise of the Over- Over-Allotment Option). In each of the above cases, the number of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the International Underwriters shall be reduced accordingly and the Hong Kong Underwriters will not be entitled to the underwriting commission referred to in Clause Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.

Appears in 1 contract

Samples: Hong Kong Underwriting Agreement (360 DigiTech, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!