Common Contracts
1 similar The Cornerstone contracts
THE CORNERSTONE PLACINGThe Cornerstone • March 17th, 2014
We have entered into a cornerstone investment agreement (the “Cornerstone Investment Agreement”) with Sunshine Life Insurance Co., Ltd. (“Sunshine Life”), who has agreed to subscribe at the Offer Price for a total number of 280,000,000 Shares, representing (i) 7% of the total issued share capital of the Company immediately following the completion of the Global Offering, assuming that the Over-allotment Option is not exercised, and (ii) approximately 6.75% of the total issued share capital of the Company immediately following the completion of the Global Offering, assuming that the Over-allotment Option is exercised in full (the “Cornerstone Placing”). Details of the allocations to Sunshine Life will be disclosed in the announcement of results of allocations in the Hong Kong Public Offering to be published on or about March 27, 2014.
