Common Contracts
1 similar Cornerstone Investment Agreement contracts
THE CORNERSTONE PLACINGCornerstone Investment Agreement • June 27th, 2024
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 (including qualified domestic institutional investor(s) (“QDII(s)”) as approved by the relevant PRC authorities) at the Offer Price for a certain number of Offer Shares (rounded down to the nearest whole board lot of 100 Shares) that may be purchased for an aggregate amount of approximately HK$851.4 million (calculated based on the conversion rates of Hong Kong dollars and Renminbi into U.S. dollars being HK$7.8107 and RMB7.2466, respectively) (the “Cornerstone Placing”).
