Examples of CMZ Group in a sentence
The Offeror intends to undertake a review of the business of the CMZ Group following the close of the Offer with a view to identifying areas in which the strategic direction and operations of the CMZ Group can be enhanced, including to explore opportunities to create synergies between the CMZ Group and ISM.
The Offeror is of the view that the delisting and privatisation of the Company will provide the Offeror and the Company with greater control and management flexibility in the implementation of any strategic initiatives and/or operational changes of the CMZ Group to improve its performance over the longer term as well as dispense with compliance costs associated with maintenance of a listed status.
In addition, the Offeror retains the flexibility at any time to consider any options or opportunities in relation to the CMZ Group which may present themselves and which it may regard to be in the interests of the Company.
As such, CMZ may not have obligations to keep holders of the Exchange Shares fully informed of material information concerning the CMZ Group in the manner and to the extent that CMZ has as a listed company on the SGX-ST, and shareholders of CMZ may not receive information on the CMZ Group that they may consider relevant to their investment in the Exchange Shares in the manner and to the extent that they are accustomed to expect from CMZ.
In addition, any debt financing obtained by the CMZ Group may contain restrictive covenants with respect to dividends.
As Shareholders may have limited access, if any, to information concerning the CMZ Group, Shareholders who elect to receive the Cash and Exchangeable Bonds Consideration should know that they are electing to receive Exchangeable Bonds exchangeable into securities in a company in respect of which they may have limited information.
The liquor license request is to include the volleyball court area which will be located on Western Avenue between 3rd and 4th Street.
CMZ has an extensive processing platform that encompasses processing methods such as air-drying, freeze-drying, fresh-packing and brining, which allows the CMZ Group to offer various types of processed vegetables to its customers in the People’s Republic of China and globally.
Save as disclosed above, the Offeror presently has no intentions to (a) introduce any major changes to the existing business of the CMZ Group, (b) re-deploy the fixed assets of the CMZ Group, or (c) discontinue the employment of existing employees of the CMZ Group, in each case, other than in the ordinary course of business.
Total liabilities of CMZ Group then decreased by around 6.2% to approximately RMB2,214.2 million as at 30 June 2016, mainly due to decrease in trade and other payables and accruals of approximately RMB212.1 million partly offset by increase in bank term loans of approximately RMB63.2 million.