Examples of Former Shareholder in a sentence
DEFINITIONS Adverse Event: Means any untoward medical occurrence associated with the use of a drug/device in humans, whether or not considered drug/device related.
In the opinion of the Directors, as the debts has been undertaken up by the Former Shareholder, they believe that there will not have material adverse impact on the Group’s operating results and cash flows.
Repayment of an amount due to the Former Shareholder The Former Shareholder lent approximately HK$100.0 million and approximately HK$32.9 million to the Group in December 2017 and January 2018, respectively.
Thus, the Company intends to apply approximately HK$39.9 million from the Rights Issue for partial repayment of the amount due to the Former Shareholder.
After negotiation between the Company and the Former Shareholder, they mutually agreed to have the Company repay an amount of HK$40.0 million to the Former Shareholder by 31 December 2021 (the ‘‘Repayment Day’’) with the remaining balance of approximately HK$55.0 million being unsecured, interest-free and repayable upon further notice by the Former Shareholder (the ‘‘Notice’’).