Examples of Existing Investor in a sentence
Duly executed counterparts to this Amendment from the Issuer, the Guarantor, the Calculation Agent, the Collateral Agent, each Incremental Investor and each Existing Investor.
Immediately before completion of the Capital Contribution, both the Target Company and the Existing Investor are wholly-owned subsidiaries of Xinyi Glass.
Since Xxxxx XXXX Xxxxx Sai, a Director, is interested in the shares of Xinyi Glass (being the holding company of the Existing Investor and the Target Company), he is required to abstain, and has abstained from, voting on the relevant board resolutions approving the Capital Contribution Agreement and transactions contemplated thereto.
As such, both the Target Company and the Existing Investor are connected persons of the Company pursuant to Rule 20.07(4) of the GEM Listing Rules.
INFORMATION OF THE EXISTING INVESTOR The Existing Investor is a wholly-owned subsidiary of Xinyi Glass.