Common Contracts
1 similar The Cornerstone contracts
THE CORNERSTONE PLACINGThe Cornerstone • November 25th, 2020
We have entered into cornerstone investment agreements (each a “Cornerstone Investment Agreement”, and together the “Cornerstone Investment Agreements”) with the cornerstone investors set out below (each a “Cornerstone Investor”, and together the “Cornerstone Investors”), pursuant to which the Cornerstone Investors have agreed to, subject to certain conditions, subscribe, or cause their designated entities to subscribe, for such number of Offer Shares (rounded down to the nearest whole board lot of 50 Shares) which may be purchased with an aggregate amount of approximately US$1,350 million (approximately HK$10,467 million) (calculated based on the conversion rate of 7.7526) at the Offer Price (the “Cornerstone Placing”), assuming a final Offer Price of HK$70.58 per Share.
