Examples of Equity Transfer Agreement in a sentence
On 20 December 2023, the Target Company, ABC Investment, BEII, Changzhou New Energy and BEJN entered into the Equity Transfer Agreement, pursuant to which ABC Investment has conditionally agreed to sell and BEJN has conditionally agreed to purchase 42.01% of the equity interest in the Target Company.
Based on the above, the Directors are of the view that the consideration and the terms of the Equity Transfer Agreement for the Acquisition are fair and reasonable.
The Completion is conditional on the Company having obtained all required approvals for the Equity Transfer Agreement and the transaction contemplated thereunder, including but not limited to the approvals of its Shareholders and the Stock Exchange, where applicable.
The Directors (including the independent non-executive Directors) are of the view that the terms of the Equity Transfer Agreement are on normal commercial terms and fair and reasonable and in the interests of the Company and the Shareholders as a whole.
A circular containing, among other things, (i) further details about the Equity Transfer Agreement and the Acquisition contemplated thereunder; (ii) the notice of general meeting; and (iii) other information as required under the Listing Rules, will be despatched by the Company to the Shareholders on or before 29 February 2024 as the Company needs more time to prepare and finalize information to be included in the circular.