REASONS FOR AND BENEFITS OF ENTERING INTO OF THE Sample Clauses

REASONS FOR AND BENEFITS OF ENTERING INTO OF THE. SECOND SUPPLEMENTAL AGREEMENT As the remaining Consideration involves a considerable sum (i.e. RMB3,300,000,000), and the Purchaser and Transferee require additional time to arrange financing of the funds, the Purchaser and the Transferee have requested for a further extension of the payment dates of the Second Instalment and the Remaining Instalment. The Board of CHS has considered the terms of the Equity Transfer Agreement as amended and supplemented by the Supplemental Agreement and the Second Supplemental Agreement, in particular, (i) the pledge of the First Batch Sale Interest in favour of the Vendor to secure the payment obligation of the Second Instalment and the Extension Interest accrued thereon and (ii) the Vendor will be adequately compensated by the Extension Interest if the Second Instalment and/or the Remaining Instalment are not paid in accordance with the schedule in the Equity Transfer Agreement (as amended and supplemented by the Supplemental Agreement) and that the postponement of the payment of the Second Instalment and the Remaining Instalment will not materially affect the use of proceeds of the Disposal disclosed in the Circulars, the Board of CHS (including its independent non-executive directors) is of the view that the new payment schedule of the Second Instalment and the Remaining Instalment will not have any material adverse impact on the operational and financial aspects of the CHS Group, and the terms of the Second Supplemental Agreement are fair and reasonable to CHS and its shareholders as a whole. On the basis of the above, the Board of Fullshare (including its independent non-executive directors) considers that the new payment schedule of the Second Instalment and the Remaining Instalment will not have any material adverse impact on the operational and financial aspects of the Fullshare Group and the terms of the Second Supplemental Agreement are fair and reasonable to Fullshare and its shareholders as a whole. Save for the amendments contained in the Second Supplemental Agreement as disclosed above, all other terms and conditions of the Equity Transfer Agreement and the Supplemental Agreement remain unchanged and shall continue to be binding and effective. By order of the Board Fullshare Holdings Limited Xx Xxxxxxxx Chairman Hong Kong, 15 October 2021 By order of the Board China High Speed Transmission Equipment Group Co., Ltd. Xx Xxxxxx Chairman
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REASONS FOR AND BENEFITS OF ENTERING INTO OF THE. EQUITY TRANSFER AGREEMENT In light of the improving advantages of integrated transportation hub of Henan Province in recent years, the integrated urban and rural development driven by the Central City Conglomerate, which releasing huge market demand, plenty of real estate developers from other provinces have been competing to tap into Henan Province for development. Thus, there is a great demand for premium office buildings. The development strategy of the Group has always focused on Henan Province. Acquiring commercial buildings in Zhengzhou, Henan Province for its own use will enhance its own brand name, reduce operating cost, and earn rentals, thus consolidating the market position of the Group in Henan Province. Upon completion of the transaction, part of the Target Property will be used by the Group and the remaining part of the Target Property will be leased out for collection of rental. The Directors (including independent non-executive Directors) are of the view that the terms of the Equity Transfer Agreement and the transaction contemplated thereunder are on normal commercial terms or better to the Company and that the entering into of the Equity Transfer Agreement is in the interests of the Company and the Shareholders as a whole.
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REASONS FOR AND BENEFITS OF ENTERING INTO OF THE. TENANCY AGREEMENT The Property is currently used by the Group as warehouse premises and car parking purposes. The tenancy relating to the warehouses and two of the car parking spaces expired on 31 December 2021 and the tenancies relating to other car parking spaces will expire in the near future. With a view to continuing to occupy such premises, during the interim period, the Group has spent time on negotiating with the Landlord on the terms and conditions of the Tenancy Agreement (including but not limited to consolidating all tenancies from the Landlord into one agreement). The Directors are of the view that the continued leasing of the Premises under the Tenancy Agreement not only help the Group maintain stability in operations but also minimise the administrative time and cost for finding and relocating to a new premises. The terms of the Tenancy agreement are on normal commercial terms or better and were negotiated on an arm’s length basis with reference to the prevailing market rent for comparable premises in the vicinity. INFORMATION OF THE PARTIES TO THE TENANCY AGREEMENT TGL and the Group TGL, an indirect wholly-owned subsidiary of the Company, is an omnichannel brand marketing and management service integrator of health and well-being related products. The Group principally engages in the provision of a variety of proprietary Chinese medicine, health supplement, skin care, personal care and other healthcare products through diversified online and offline sales channels, through the operation of distributing products to chain retailers, non-chain retailers and traders, and operation of offline stores, online stores and e-commerce portals to consumers. The Landlord As at the date of this announcement, Xx. Xxxx is an executive Director, the chairman of the Board, chief executive officer and a Controlling Shareholder holding approximately 56.01% of the issued share capital of the Company. LISTING RULES IMPLICATION By virtue of his relationship with the Group as described above, Xx. Xxxx, being the Landlord, is a connected person of the Company under Chapter 14A of the Listing Rules. As the highest applicable percentage ratios with respect to the value of the Right-of-Use Asset (Lease) is more than 0.1% but is less than 5%, the Tenancy Agreement and the transactions contemplated thereunder are subject to reporting and announcement requirements but exempt from circular and Shareholders’ approval requirements under Chapter 14A of the Listing Rules. Xx....
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REASONS FOR AND BENEFITS OF ENTERING INTO OF THE. COOPERATION FRAMEWORK AGREEMENT Since 2011, the Group has been cooperating with the Target Hospital Group based on IOT (Investment-Operation-Transfer) model and taking part in its reform. As part of the cooperation, the Group has injected development funds and resources into the Target Hospital Group and improved its operation via various measures in the following aspects, including: 1. enhance the general environment and operation efficiency of the hospital via renovation and process optimization;
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REASONS FOR AND BENEFITS OF ENTERING INTO OF THE. SEVENTH CAPITAL INJECTION AGREEMENT The principal business of Greengold Leasing continues to develop rapidly. The Seventh Capital Injection was aimed to provide funding for Greengold Leasing’s normal operations and enhance the Company’s equity interest in Greengold Leasing. The Directors are of the view that the terms of the Seventh Capital Injection Agreement are on normal commercial terms and fair and reasonable and the Seventh Capital Injection and the transactions contemplated thereunder are in the interests of the Company and its Shareholders as a whole. LISTING RULES IMPLICATION As the highest applicable percentage ratio calculated in accordance with the Listing Rules in respect of the Seventh Capital Injection is more than 25% but less than 100%, the Seventh Capital Injection Agreement and the transactions of the Group contemplated thereunder constitute a major transaction of the Company and is therefore subject to the announcement, circular and shareholders’ approval requirements pursuant to Chapter 14 of the Listing Rules. No Shareholder is materially interested in the Seventh Capital Injection Agreement and no Shareholder is required to abstain from voting at a general meeting of the Company approving the transactions contemplated under the Seventh Capital Injection Agreement, and the Company has, pursuant to Rule 14.44 of the Listing Rules, obtained written approval of the transactions contemplated under the Seventh Capital Injection Agreement from Prize Rich Inc., a Shareholder holding 1,222,713,527 issued ordinary shares of the Company (representing 71.41% of its entire issued share capital). As such, the Company is exempted from convening a general meeting to approve the transactions contemplated under the Seventh Capital Injection Agreement. A circular containing further information on the Seventh Capital Injection Agreement is expected to be published on the websites of the Stock Exchange and the Company on or before 25 June 2024.
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Related to REASONS FOR AND BENEFITS OF ENTERING INTO OF THE

  • REASONS FOR AND BENEFITS OF THE DISPOSAL Against the backdrop of the outbreak of Coronavirus Disease 2019 in the PRC at the beginning of 2020, demand for hydraulic press products has been further affected by the conditions and growth of the industries in which Tianjin Tianduan’s customers operate, particularly the cyclical industries, which are influenced by macroeconomic factors within the PRC, such as government policy initiatives and the levels of fixed asset investment. Although the sector showed signs of fast resumption in industrial activities after the coronavirus pandemic was contained in the PRC, it is expected that the growth of hydraulic press demand will be decelerated due to lingering economic uncertainty. Furthermore, the hydraulic press industry in the PRC is still intensely competitive and price sensitive. Tianjin Tianduan reported operating losses in last two years and has faced pricing and margin pressure from the impact of higher raw material costs and the sustained keen competition among local companies and domestic-based multinationals in the markets where it currently operates. Meanwhile, the volatility of relevant industries will expose Xxxxxxx Xxxxxxxx to uncertainty and potential instability with respect to its business performance and results of operations. It has been one of the Company’s business development strategies to make appropriate business decisions and adjustments according to the overall business environment. Considering the impact of cyclicality and market conditions in the hydraulic press industry in the PRC, the Directors believe that the Disposal may allow the Company to realise its investment in Tianjin Tianduan and further apply its resources for maintaining the existing businesses of the Group. As Xx. Xxxxxx Wing Yui, Xxxxxx, non-executive Director, is a consultant of Messrs. Xxx Xxxx Xxx & Lo which provides legal and professional services to the Company in respect of the Disposal, he has voluntarily abstained from voting on the resolutions of the Board approving the Equity Transfer Agreement and the Disposal. The Directors consider that, although the Equity Transfer Agreement and the Disposal are not in the ordinary and usual course of business of the Group, the terms of the Equity Transfer Agreement are fair and reasonable, and that the Disposal is on normal commercial terms and in the interests of the Company and the Shareholders as a whole.

  • REASONS FOR AND BENEFITS OF THE TRANSACTION The Group is principally engaged in the development, sale, lease, investment and management of properties and assets management. Each of Merchants Nanjing, Jiangsu Poly, Wuhan Fanyue, Nanjing Yiju and Nanjing New Hope would benefit from the cooperation in order to exert their strengths, generate synergistic effect and enhance their investment portfolio in the property market in the PRC, which would improve the capital efficiency and effectiveness, reduce the investment risks and thus a greater return could be created for the Shareholders. The terms of the Cooperation Agreement have been arrived at after arm’s length negotiations between the parties. The Directors (including the independent non-executive Directors) have confirmed that the Acquisition and the terms of the Cooperation Agreement (including the financing and profit distribution arrangements) and the transactions contemplated thereunder are fair and reasonable, on normal commercial terms and in the interests of the Company and its Shareholders as a whole.

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