Examples of Equity Transfer in a sentence
As one or more of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in relation to the Possible Acquisition contemplated under the Equity Transfer Framework Agreement exceed 5% but are less than 25%, the Possible Acquisition, taken individually, constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules and is subject to the reporting and announcement requirements under the Listing Rules.
Accordingly, the transaction contemplated under the Equity Transfer Framework Agreement may or may not proceed.
The Board wishes to emphasize that the Equity Transfer Framework Agreement may be terminated and no Formal Agreement may be entered into in respect of the Possible Acquisition in the event that the Due Diligence Investigation is not satisfactory.
Jiayuan (Shenzhen) shall complete a due diligence investigation on the Target Company, the Bao’an Land and the Bao’an Project (the “Due Diligence Investigation”) during a period of 20 Business Days from the date of execution of the Equity Transfer Framework Agreement.
If Xxxxxxx (Shenzhen) is not satisfied with the result of the Due Diligence Investigation, Jiayuan (Shenzhen) shall have the right to terminate the Equity Transfer Framework Agreement.