THE EQUITY TRANSFER AGREEMENT Sample Clauses

THE EQUITY TRANSFER AGREEMENT. On 22 June 2016, the Owner, the Subsidiary and the Subsidiary Nominee entered into the Equity Transfer Agreement pursuant to which the Owner agreed to dispose of, and the Subsidiary Nominee agreed to acquire, the entire equity interest in the Project Company. The material terms of the Equity Transfer Agreement are as follows:

THE EQUITY TRANSFER AGREEMENT. On 26 September 2016, the Owner and the Subsidiary entered into the Equity Transfer Agreement pursuant to which the Owner agreed to dispose of, and the Subsidiary agreed to acquire, the entire equity interest in the Phase One Project Company. Upon completion of the Equity Transfer, the Phase One Project Company will become a wholly-owned subsidiary of the Company and its financial results will be consolidated into the financial results of the Group.

THE EQUITY TRANSFER AGREEMENT. On 23 June 2016, the Owner and the Subsidiary Nominee entered into the Equity Transfer Agreement pursuant to which the Owner agreed to dispose of, and the Subsidiary Nominee agreed to acquire, the entire equity interest in the Project Company. Upon completion of the Equity Transfer, the Project Company will become a subsidiary of the Company and its financial results will be consolidated into the financial results of the Group. As one or more of the applicable ratios set out in Rule 14.07 of the Listing Rules in respect of the Equity Transfer Agreement and the transactions contemplated therein, when aggregated with that of the Cooperation Framework Agreement, the Supplemental Agreement, the Debt Settlement Agreement, and the transactions contemplated therein pursuant to Rule 14.22 of the Listing Rules, are more than 5% but below 25%, the entering into of the Equity Transfer Agreement and the transactions contemplated therein constitute a discloseable transaction of the Company under Chapter 14 of the Listing Rules and is therefore subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.

THE EQUITY TRANSFER AGREEMENT. A summary of the principal terms of the Equity Transfer Agreement is set out below: November 29, 2024 (1) Shanghai Vanke Investment, as the Vendor; and (2) Onewo Business Enterprise Space Technology, as the Purchaser. Pursuant to the Equity Transfer Agreement, the Vendor agreed to sell to the Purchaser, and the Purchaser agreed to purchase from the Vendor the 45% equity interest in Shanghai Xiangda which is free from all encumbrances. Pursuant to the Equity Transfer Agreement, the initial consideration was RMB712.0440 million (the “Initial Consideration”), representing the value of 45% of the equity interest of Shanghai Xiangda. The Initial Consideration was determined based on (1) the appraised value of approximately RMB1,337 million (the “Asset Price”) of the investment properties (i.e. the Target Project) of Shanghai Xiangda as of October 31, 2024 (the “Valuation Benchmark Date”) as set out in the valuation report issued by an independent third party valuer; and (2) plus approximately RMB1,264.64 million of the current assets as set out in the statement of net assets of Shanghai Xiangda as of October 31, 2024, less approximately RMB1,019.28 million of the liabilities, and the Initial Consideration was determined by multiplying the initial purchase price of approximately RMB1,582.32 million corresponding to the 100% equity interest in Shanghai Xiangda after arm’s length negotiation between the parties and taking into account the rounding adjustments by 45% equity interest involved in this Equity Transfer. The final purchase price of the Equity Transfer (the “Final Purchase Price of the Equity”) will be determined in accordance with the PRC Accounting Standards for Business Enterprises and its current assets and liabilities as set out in the audited statement of net assets (the “Final Post-closing Statement”) prepared for Shanghai Xiangda as of the Closing Date (as defined below). The calculation formula of the Final Purchase Price of the Equity is as follows: (Asset Price + current assets of Shanghai Xiangda set out in the Final Post-closing Statement – liabilities of Shanghai Xiangda set out in the Final Post-closing Statement) x proportion of the Equity Transfer (45%). Within 5 business days after the signing of the Equity Transfer Agreement, the Purchaser shall cooperate with the Vendor to open a fund supervision account in the name of the Vendor at the bank designated by the Vendor (the “Vendor Supervision Account”), and co-manage such account and Sh...

THE EQUITY TRANSFER AGREEMENT. On 22 December 2016, the Vendors, the Purchaser and the Project Company entered into the Equity Transfer Agreement, pursuant to which the Purchaser agreed to acquire, and the Vendors agreed to dispose of, the entire equity interest in the Project Company. The material terms of the Equity Transfer Agreement are as follows:

THE EQUITY TRANSFER AGREEMENT. On 28 December 2017, BENE and the Purchaser entered into the Equity Transfer Agreement pursuant to which the Purchaser agreed to acquire, and BENE agreed to dispose of, the entire equity interest in the Target Company. The material terms of the Equity Transfer Agreement are as follows:

THE EQUITY TRANSFER AGREEMENT. A summary of the principal terms of the Equity Transfer Agreement is set out below: November 1, 2024 (1) ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, as the Vendor; and (2) Onewo Business Enterprise Space Technology, as the Purchaser. Pursuant to the Equity Transfer Agreement, the Vendor has agreed to sell to the Purchaser and the Purchaser has agreed to purchase from the Vendor the 50% equity interest in Wuhan Xintang which is free from all encumbrances. Pursuant to the Equity Transfer Agreement, the consideration was RMB150,000,000 representing the sum of the value of 50% of the equity interest of ▇▇▇▇▇ ▇▇▇▇▇▇▇ and the value of the principal and interest of the Vendor’s existing shareholder loan claims in ▇▇▇▇▇ ▇▇▇▇▇▇▇ inherited by the Purchaser. Based on the simulated Estimated Completion Accounts (the “Estimated Completion Accounts”) prepared by ▇▇▇▇▇ ▇▇▇▇▇▇▇ in accordance with the PRC Accounting Standards for Business Enterprises and its consolidated unaudited balance sheet as at August 31, 2024, the principal and interest of the Vendor’s existing shareholder loan claims in Wuhan Xintang was RMB124,876,585.05 (the “Proposed Inherited Claims Amount”). Excluding the Proposed Inherited Claims Amount, the remaining portion of the consideration was the transaction consideration for the transfer of 50% equity interest in Wuhan Xintang, i.e. RMB25,123,414.95. The transaction consideration for the 50% equity interest in ▇▇▇▇▇ ▇▇▇▇▇▇▇ was determined after arm’s length negotiation between the parties and with reference to the net assets of Wuhan Xintang after distribution of profits as at August 31, 2024 (the “Valuation Benchmark Date”) as set out in the valuation report issued by an independent third party valuer. Prior to the equity transfer pursuant to the Equity Transfer Agreement, Wuhan Xintang would allocate part of the undistributed profits to its original shareholders in advance. As at the Valuation Benchmark Date, the total undistributed profits amounted to RMB45,077,500, and the proposed distribution amount would be RMB41,000,000. Based on the valuation report issued by an independent third party valuer, Wuhan Xintang has net assets of RMB24,077,500 after declaring the distribution of aforesaid RMB41,000,000 of the profit proposed to be distributed but not yet distributed, and the corresponding value of total shareholders’ equity of Wuhan Xintang would be RMB52,945,700. The consideration shall be paid by the Purchaser to the Vendor in RMB in the following manner: 1. Initia...

THE EQUITY TRANSFER AGREEMENT. The principal terms of the Equity Transfer Agreement are set out below: 14 April 2023 The Seller and Qinhuangdao Arirang The Seller agrees to transfer the Sale Interests, being 30% of the equity interests in the Project Company, to Qinhuangdao Arirang for a consideration of USD1.2 million. The consideration shall be settled by Qinhuangdao Arirang within fifteen days after the date of the Equity Transfer Agreement (which shall be converted into RMB at the foreign exchange rate on the day of payment and paid to the account designated by the Seller). Further details of the consideration for the Disposal are set out in the sub-section headed “Consideration for the Disposal” under the section headed “2. The Cooperation Agreement” of this announcement.

THE EQUITY TRANSFER AGREEMENT. On 18 June 2020, the Company as vendor and Tianjin Food as purchaser entered into the Equity Transfer Agreement, pursuant to which the Company conditionally agreed to sell and Tianjin Food conditionally agreed to purchase the Sale Interest, representing the entire equity interest in Heavenly Palace. Set out below is a summary of the principal terms of the Equity Transfer Agreement.