CHB Shares definition
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.
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.
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.
In accordance with Paragraph 6(1)(a) of Part II of the Malaysian Code on Take- Overs and Mergers, 1998 (“Code”), the CSB Vendors are obliged to undertake a mandatory general offer for all the remaining CHB Shares not already held by them upon completion of the Acquisition.
Compugates Holdings Berhad (“CHB”) entered into a Sale and Purchase Agreement with CSB Vendors (collectively, Goh Kheng Peow and Tan Ngaip Soon) in relation to the Acquisition of the entire equity interest in CSB comprising 3,500,000 ordinary shares of RM1.00 each for a purchase consideration of RM162,000,000 to be satisfied entirely via the issuance of 85,000,000 new CHB Shares at an issue price of RM1.00 each and 77,000,000 ICPS at an issue price of RM1.00 per ICPS.
Upon completion of the Acquisition, the CSB Vendors will collectively hold 85,000,000 new CHB Shares and 77,000,000 CHB ICPS.
The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class A-25 Certificates, as described in the Agreement.
The 85,000,000 new CHB Shares represent more than 99.99% (but less than 100.00%) of the equity interest in CHB immediately after the Acquisition comprising 85,000,002 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.