Examples of Capital Increase Agreement in a sentence
None of the Directors has a material interest in the transactions contemplated under the Capital Increase Agreement or is required to abstain from voting on the Board resolutions in relation to the approval of the Proposed Capital Increase and the transactions contemplated under the Capital Increase Agreement.
As the percentage ratios under the Listing Rules applicable for the disposal and the Loan, when aggregate with the establishment of the JV Company pursuant to the JV Agreement are more than 5% but less than 25%, the contribution of the Injected Construction by Shanghai Xxxx Xx contemplated under the Capital Increase Agreement also constitute a discloseable transaction of the Company under Rule 14.06 of the Listing Rules.
On 4 March 2014, the JV Partners entered into the Capital Increase Agreement, pursuant to which Shanghai Industrial Investment, Shanghai Zhangjiang Company and Shanghai Tian Ma have conditionally agreed to make capital contribution in an aggregate amount of RMB995 million (equivalent to approximately HK$1,259.5 million) to the registered capital of the JV Company in proportion to their respective holding of equity interests in the JV Company as at the date of this announcement.
The JV Company is not, and will not be after the completion of the Proposed Capital Increase and the transactions contemplated under the Capital Increase Agreement accounted for as a subsidiary and consolidated in the Company’s accounts.
The transactions contemplated under the Capital Increase Agreement constitute connected transactions of the Company.