Group Reorganisation definition

Group Reorganisation. ’ means any reorganisation, restructuring, scheme of arrangement or analogous proceeding (a ‘‘Reorganisation’’) which effects the interposition of a limited liability company (the ‘‘Substitute’’) between the ordinary shareholders of the Guarantor immediately prior to the Reorganisation (the ‘‘Existing Shareholders’’) and the Guarantor provided that:

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Group Reorganisation means the group reorganization involving the Company acquiring from ▇▇. ▇▇▇▇ and/or ▇▇. ▇▇▇▇ or any investment vehicle that is wholly owned, directly or indirectly, by ▇▇. ▇▇▇▇ and/or ▇▇. ▇▇▇▇, 10% equity interests in Beijing New Take e-Commerce Limited and Beijing Ninetowns Times e-Commerce Limited currently, directly or indirectly, owned by ▇▇. ▇▇▇▇ and/or ▇▇. ▇▇▇▇, in consideration of which ▇▇. ▇▇▇▇ and/or ▇▇. ▇▇▇▇ or any investment vehicle wholly owned, directly or indirectly, by ▇▇. ▇▇▇▇ and/or ▇▇. ▇▇▇▇, will acquire interest in the Company through the issuance by the Company of Shares or securities, equity interest and/or warrants, options or loan stock convertible into Shares without further payment credited as fully paid, and based on a valuation of the Shares at least equal to the entry level valuation (that is, at a pre-money valuation of US$70,500,000 and a post-money valuation of US$82,500,000) in respect of the subscription of Shares by AOF and AIAB (“Reorganisation Issue”);

Group Reorganisation means the group reorganization involving the Company acquiring from Mr. Wang and Ms. Dong or any investment vehicle that is wholly owned, directly or indirectly, by Mr. Wang and Ms. Dong, 10% equity interests in Beijing New Take e-Commerce Limited and Beijing Ninetowns Times e-Commerce Limited currently, directly or indirectly, owned by Mr. Wang and/or Ms. Dong, in consideration of which Mr. Wang and/or Ms. Dong or any investment vehicle wholly owned, directly or indirectly, by Mr. Wang and/or Ms. Dong, will acquire interest in the Company through the issuance by the Company of Shares or securities, equity interest and/or warrants, options or loan stock convertible into Shares without further payment credited as fully paid and based on a valuation of the Shares at least equal to the entry level valuation (that is, at a pre-money valuation of US$70,500,000 and a post-money valuation of US$82,500,000) in respect of the subscription of Shares by AOF and AIAB ("REORGANISATION ISSUE");

Examples of Group Reorganisation in a sentence

On the Reorganisation Date, pursuant to the HBOS Group Reorganisation Act 2006, The Go▇▇▇▇▇▇ ▇nd Company of the Bank of Scotland was registered as a public company under the Companies Act 1985 and ▇▇anged its name to Bank of Scotland plc and the business and all property and liabilities of Halifax (including its rights and obligations under the Master Issuer Bank Account Agreement) were transferred to Bank of Scotland.
On the Reorganisation Date, pursuant to the HBOS Group Reorganisation Act 2006, The Governor and Company of the Bank of Scotland was ▇▇▇▇▇▇▇red as a public company under the Companies Act 1985 and changed its name to Bank of Scotland plc and the ▇▇▇▇▇▇▇▇ and all property and liabilities of Halifax (including its rights and obligations under the Bank Account Agreement) were transferred to Bank of Scotland.
The Group’s contributed surplus represents (i) the difference of RMB181,036,000 between the nominal value of the shares of the subsidiaries acquired pursuant to the Group Reorganisation, over the nominal value of the Company’s shares issued in exchange therefor; and (ii) the reserve amount of RMB134,713,000 upon the acquisition of the Precision Manufacturing Division from the ultimate holding company, which is not subject to distribution to the shareholders of the Company.
On the Reorganisation Date, pursuant to the HBOS Group Reorganisation Act 2006, The Gover▇▇▇ ▇▇▇ Company of the Bank of Scotland was registered as a public company under the Companies Act 1985 and ▇▇▇▇▇ed its name to Bank of Scotland plc and the business and all property and liabilities of Halifax (including its rights and obligations under the Bank Account Agreement) were transferred to Bank of Scotland.
The consolidated financial statements have been prepared in accordance with the principles of merger accounting as set out in Accounting Guideline 5 “Merger Accounting for Common Control Combinations” issued by the HKICPA, as a result of the Group Reorganisation.

More Definitions of Group Reorganisation

Group Reorganisation means any arrangement (by scheme of arrangement, share exchange, or otherwise) under which the shares in Axovant Sciences Ltd. are acquired by a new body corporate in terms that the shareholders of the body corporate and their respective shareholdings and percentage equity interests in that new body corporate after that acquisition are the same or substantially the same as they were immediately prior to that acquisition.

Group Reorganisation means the group reorganization involving the Company acquiring from ▇▇. ▇▇▇▇ and ▇▇. ▇▇▇▇ or any investment vehicle that is wholly owned, directly or indirectly, by ▇▇. ▇▇▇▇ and ▇▇. ▇▇▇▇, 10% equity interests in Beijing New Take e-Commerce Limited and Beijing Ninetowns Times e-Commerce Limited currently, directly or indirectly, owned by ▇▇. ▇▇▇▇ and/or ▇▇. ▇▇▇▇, in consideration of which ▇▇. ▇▇▇▇ and/or ▇▇. ▇▇▇▇ or any investment vehicle wholly owned, directly or indirectly, by ▇▇. ▇▇▇▇ and/or ▇▇. ▇▇▇▇, will acquire interest in the Company through the issuance by the Company of Shares or securities, equity interest and/or warrants, options or loan stock convertible into Shares without further payment credited as fully paid and based on a valuation of the Shares at least equal to the entry level valuation (that is, at a pre-money valuation of US$70,500,000 and a post-money valuation of US$82,500,000) in respect of the subscription of Shares by AOF and AIAB (“Reorganisation Issue”);

Group Reorganisation means the contemplated corporate restructuring of the Group including the following actions:

Group Reorganisation has the meaning given to that term in the Term Sheet.

Group Reorganisation means the group reorganisation undertaken by the Comtrade Group prior to the date of this Agreement and comprised of the Demerger, the Business Transfer and the Carve-out pursuant to which the Business (other than those Company Assets that Comtrade is holding on trust for the Group and to be transferred to the Group pursuant to clause 13.6, clause 13.10(b) and clause 13.10(c)) was transferred to the Group;

Group Reorganisation the meaning as described in the sub-section headed “The Group Reorganisation” in this announcement “HK$” Hong Kong dollars, the lawful currency of Hong Kong

Group Reorganisation means a group reorganisation or analogous proceeding (a “reorganisation”) which effects the interposition of one or more limited liability companies (“Newco”) between the Shareholders of the Issuer immediately prior to the reorganisation (the “Existing Shareholders”) and the Issuer; provided that