Examples of Capital Increase Subscription Price in a sentence
The parties confirm and agree to accept the investment of no more than RMB Twenty Million (RMB20,000,000) from Hangzhou Jincun Investment Management Partnership (Limited Partnership) in the Company before October 31, 2017 based on the Capital Increase Subscription Price.
PSA Reserved Capital Increase Subscription Price As stated in the Letter from the Board, the PSA Reserved Capital Increase Subscription Price of €7.5 per PSA Share was determined after arm’s length negotiations between the Company and PSA and with reference to recent market trading prices of PSA Shares and the Company’s consideration of the value of the assets and business of PSA.
The PSA Reserved Capital Increase Subscription Price of 7.5 euros per PSA share represents a discount of approximately 40.8% relative to the closing price of PSA Shares quoted on NYSE-Euronext Paris on 25 March 2014 (being 12.66 euros) and a discount of approximately 42.5% relative to the average of the closing prices of PSA Shares over the five trading days ended 25 March 2014 (being 13.045 euros).
The PSA Reserved Capital Increase Subscription Price represents a discount of 40.8% relative to the closing price of PSA Shares quoted on NYSE-Euronext Paris on 25 March 2014 (being €12.66) and a discount of 42.5% relative to the average of the closing prices of PSA Shares over the five trading days ended 25 March 2014 (being €13.045).
We consider that the subscription price payable by French Republic under the PSA Reserved Capital Increase and the exercise price of the PSA Warrants payable by the relevant PSA shareholder as a benchmark price payable by an independent third party to the Company and therefore the PSA Reserved Capital Increase Subscription Price is a fair price.Historical share price analysis We have also reviewed the historical share price of PSA over the past five years.
The PSA Reserved Capital Increase Subscription Price of 7.5 euros (equivalent to approximately HK$80.4) per PSA Share was determined after arm’s length negotiations between the Company and PSA and with reference to recent market trading prices of PSA Shares and the Company’s consideration of the value of the assets and business of PSA.
Each Investor shall make payment of the following RMB amount of Investor Capital Increase Subscription Price (the “Retainer”) in cash to the account designated by the Company within ten (10) Business Days upon receipt of such notice of payment.
In that case, the Investor shall transfer his shares of the Company to the assignee(s) designated in the resolution of the Existing Shareholders at the evaluated price based on the First Capital Increase Subscription Price.
If TargetCo fails to so refund with such prescribed time, TargetCo shall pay a late payment fee to CCB Intl with respect to the non-refunded sums for each day of delay at a daily rate of 0.05% until the date of the full refund of the Capital Increase Subscription Price.
Based on the audited consolidated net assets value attributable to the shareholders of PSA as at 31 December 2013 and the PSA Reserved Capital Increase Subscription Price, the price- to-book ratio of the Investment Transaction is below the range of the price-to-book ratio of the Comparable Companies, and represented a discount of approximately 55.67% to the lowest price-to-book ratio among the Comparable Companies, which are generally favourable to the Group.