GEM definition
Examples of GEM in a sentence
The Company will apply to the GEM Listing Committee for the listing of, and permission to deal in, the Warrant Shares which may fall to be allotted and issued upon exercise of the subscription rights attaching to the Warrants.
Since the aggregate consideration in respect of the Property Purchase Agreement and the Land Purchase Agreements is more than 2.5% but less than 5.0% of the relevant percentage ratios (i.e. assets ratio and consideration ratio, as defined in the GEM Listing Rules) and HK$10 million, the Property Purchase Agreement and the Land Purchase Agreements constitute connected transactions subject to the independent shareholders’ approval requirement set out in Chapter 20 of the GEM Listing Rules.
The parties acknowledge that the subscription price will be subject to the requirements of the GEM Listing Rules (if applicable).
Accordingly, the Subscriber is a connected person of the Company under the GEM Listing Rules.
Pursuant to Rule 20.25 of the GEM Listing Rules, the transactions under the Property Purchase Agreement and the Land Purchase Agreements (though already duly approved by independent Shareholders at a general meeting of the Company) constitute a series of transactions and accordingly the amounts of consideration respectively payable under the Property Purchase Agreement and the Land Purchase Agreements are liable to be aggregated.