Examples of Equity Transfer Agreement 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 Acquisition contemplated under the Equity Transfer Agreement exceed 5% but are less than 25%, the Acquisition 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.
Given the aforesaid reasons and benefits, the Directors (including the independent non- executive Directors) are of the view that the terms of the Equity Transfer Agreement and the Acquisition (a) have been negotiated on an arm’s length basis; and (b) are on normal commercial terms and fair and reasonable in the interests of the Company and its Shareholders as a whole.
Taking into account of the above, the Directors consider that the terms of the Equity Transfer Agreement and the transactions contemplated thereunder are fair and reasonable and on normal commercial terms and are in the interests of the Company and the Shareholders as a whole.
Upon signing of the Equity Transfer Agreement, the Sellers will transfer all the Sellers’ factory renovation, machines and equipment, inventories and intellectual properties to the Target Company and the Target Company will take over all the businesses of the Sellers after Completion.
The Board is pleased to announce that on 16 November 2017 (after trading hours), Nanjing Gangyuan, an indirect wholly-owned subsidiary of the Company, entered into the Equity Transfer Agreement with the Seller in respect of the acquisition of the Equity Interest for a consideration of RMB2,450 million (equivalent to approximately HK$2,891 million).