Common Contracts
1 similar Framework Agreement contracts
DISCLOSEABLE TRANSACTIONS – FRAMEWORK AGREEMENTFramework Agreement • November 8th, 2012
The Board is pleased to announce that on 8 November 2012, a Framework Agreement was entered into between the Vendor, a wholly-owned subsidiary of the Company and KCBS, in respect of the Possible Disposal, involving the disposal of the Equity Interest, representing the entire equity interest in the Target Company, and the Shareholder’s Loan with interest, at the Consideration of approximately RMB825,650,000. Under the Framework Agreement, the Parties agreed on the framework for the Possible Disposal, completion of all matters relating to the registration of the Possible Disposal, obtaining the new business license of the Target Company, and procuring the relevant parties to enter into definitive agreements to record and effect the transfer of legal title of the Equity Interest and assignment of all rights, title, benefit and interest of and in the Shareholder’s Loan.
