Examples of CHB Shares in a sentence
Yuexiu, the Offeror and CHB jointly announce that Nomura, on behalf of the Offeror, firmly intends, subject to the satisfaction of the Pre-Condition, to make a voluntary conditional cash partial offer to acquire a maximum of 326,250,000 CHB Shares (representing 75 per cent.
Qualifying CHB Shareholders should note that acceptance of the Partial Offer may result in their holding odd lots of CHB Shares.
Premised on the above, the CSB Vendors seek an exemption from undertaking a mandatory general offer for all the remaining CHB Shares not already held by them upon completion of the Acquisition under Practice Note 2.9.6 of the Code.
Upon completion of the Acquisition, the CSB Vendors will collectively hold 85,000,000 new CHB Shares and 77,000,000 CHB ICPS.
In the middle stands the partnership, which is sometimes treated as an aggregate of individuals, and some- times as an entity.
In exchange for the contribution by Contributor of the CHB Shares, upon the terms and subject to the conditions of this Agreement, at the Closing, the Company shall issue to Contributor, that number of duly authorized, validly issued, fully-paid and non-assessable Company Common Shares equal to the Exchange Shares, which Exchange Shares shall be free from all Encumbrances.
Assuming full acceptance of the Partial Offer in respect of 326,250,000 CHB Shares, the financial resources required by the Offeror to satisfy its obligations under the Partial Offer will amount to approximately HK$11,644 million.
Notwithstanding any contrary provision herein, Contributor has, as of the date of this Agreement, and will have as of the Closing, good and marketable title to the CHB Shares, free and clear of all Encumbrances.
The holders of the remaining two (2) CHB Shares not held by the CSB Vendors after the Acquisition have given an undertaking that they will not accept the said general offer.
Upon the terms and subject to the conditions of this Agreement, at the Closing, Contributor shall contribute, transfer and convey to Company, all of the issued and outstanding CHB Shares free from all Encumbrances.