Common Contracts
1 similar The Cornerstone contracts
THE CORNERSTONE PLACINGThe Cornerstone • January 13th, 2010
We have entered into two agreements with cornerstone investors (the “Cornerstone Investors” and each a “Cornerstone Investor”) who in aggregate have agreed to subscribe for approximately US$100 million (or approximately HK$776 million) worth of our Offer Shares at the Offer Price (collectively, the “Cornerstone Placing”). Assuming a maximum Offer Price of HK$133.50, the total number of Shares subscribed by the Cornerstone Investors will be approximately 6,101,100, which is approximately 3.78% of the Shares outstanding, upon completion of the Offerings and 26.58% of the Offer Shares (assuming the Over-allotment Options and the Options granted under the EIP are not exercised), respectively. Each of the Cornerstone Investors is an independent third party not connected with us and not connected with each other among themselves, and will not be a substantial shareholder of our Company upon Listing and during the six-month lock-up period as described below. It should be noted, however, that
