Common Contracts
1 similar The Cornerstone contracts
THE CORNERSTONE PLACINGThe Cornerstone • November 15th, 2010
We have entered into agreements with six cornerstone investors (the “Cornerstone Investors” and each a “Cornerstone Investor”) who in aggregate have agreed to subscribe for up to approximately US$65 million worth of our Shares at the Offer Price (collectively, the “Cornerstone Placing”). Assuming an Offer Price of HK$41.09 (being the mid-point of the Offer Price range set out in this prospectus), the total number of Shares subscribed by the Cornerstone Investors will be approximately 12,264,200, which is approximately 3.1% of the Shares outstanding, upon completion of the Global Offering and the Skyland Acquisition and 22.9% of the Offer Shares (assuming the Over-allotment Options and the Pre-IPO Share Options are not exercised and no adjustment has been made to the Consideration Shares issuable pursuant to the working capital adjustment under the Sale and Purchase Agreement), respectively. Each of the Cornerstone Investors is an independent third party not connected with us and none o
