Examples of Deemed Consideration in a sentence
Deemed Consideration under Capital Gains & Other Sources The finance bill proposes to amend section 50C & 56 (2)(x)in respect of sale of Land and Buildings or transactions covered u/s 56(2)(x) so as to allow a variation of 5% in case of difference in transaction value adopted and stamp duty value.
The fair value of the Deemed Consideration was determined based on the number of the Company’s shares outstanding immediately prior to the Acquisition of 4,048,962,525 shares and the share price of HK$1.24 per share, which is determined by reference to the closing share price of the Company at the date of completion of the Acquisition.
Accordingly, the Deemed Consideration for the Acquisition is approximately HK$5,020,714,000 (equivalent to RMB4,251,391,000).
The fair value hierarchy of the input (i.e. share price of the Company) to determine fair value of the Deemed Consideration is categorised under Level 1 by reference to the quoted bid price of the Company in an active market.19.
Note 3(a): Deemed Consideration for reverse acquisition The deemed consideration was the issue of 55,000,000 shares and 75,000,000 class A performance shares in zipMoney Ltd (legal parent) to the shareholders of zipMoney Payments Group and is deemed to have a value of $2,572,525.
The Actual Consideration received by the Company in respect of an Actual Issuance of Common Stock or the Deemed Consideration received and/or deemed received by the Company in respect of a Deemed Issuance of Common Stock.
With respect to the issuance of any Common Stock Equivalents, the Issuance Price shall be calculated by dividing the Deemed Consideration by the Deemed Number.
With respect to the issuance of any Common Stock Equivalents and Common Stock, the Issuance Price shall be calculated by dividing (A) the sum of (I) the amount of consideration received by the Company for the Common Stock and (II) the Deemed Consideration by (B) the sum of (I) the number of shares of Common Stock sold in such transaction and (II) the Deemed Number.
The payment of the Deemed Consideration Price to the unitholders will be made as soon as practicable following the registration of the amended Trust Deed.
In the event that the Group has secured sufficient financial resources from the proposed Placing and Subscription and further to the business development of the JV Company, it is the intention of the Group to invest approximately HK$230 million in the JV Company, with HK$80 million of which for the honey and related products trading business and HK$150 million as Shareholder’s loan to the JV Company for setting up its owned production lines and facilities in New Zealand.