Examples of HK Shares in a sentence
No Group Company owns, directly or indirectly, any share interests in, or hold any other debt or debt securities issued by, any Person other (i) the ownership of the HK Shares by BVI HoldCo, (ii) the ownership of the Company Interests by HK Intermediate HoldCo. and (iii) the ownership by the Company of the equity of the Company Subsidiaries.
BVI HoldCo is the record and beneficial owner of, and holds valid title to, the HK Shares, free and clear of any and all Encumbrances.
The Business Assets, HK Shares and Singapore Shares to be sold to Buyer pursuant to this Agreement include all the assets and rights used by the Target Group to operate the Business Assets and the business of the Target Group as at the Completion Date, in the same manner as currently conducted by the relevant member(s) of the Target Group.
Subject to the terms and conditions of this Agreement, and pursuant to the HK Subscription Agreement, Xxxxx shall subscribe for, and the HK Company shall allot and issue to Xxxxx, newly issued HK Shares representing 65% in the total issued and outstanding capital of the HK Company immediately upon Closing (“HK Subscription Shares”), free from all Encumbrances, together with all rights attaching to the HK Subscription Shares as at Closing (“HK Share Subscription”).
Upon delivery of any certificate or certificates duly endorsed for transfer to the UK Company representing the same as herein contemplated and/or upon registering of the UK Company as the new owner of the HK Shares in the share register of the HK Company, the UK Company will receive good title to the HK Shares, free and clear of Encumbrances.
The HK Shares are not subject to or issued in violation of any purchase option, call option, right of first refusal, pre-emptive right, subscription right or any similar right under any provision of the applicable corporate laws of Hong Kong, the HK Company’s constitutional documents or any agreement or contract to which the HK Company is a party or otherwise bound.
In consideration for the sale and transfer of the Xiniya HK Shares, Qiming Investment agrees to pay to XNY US$34,588,428.05 (approximately RMB228,000,000.00, calculated at an exchange rate of U.S. dollar into RMB of 6.5918 as quoted by the U.S. Fed - Foreign Exchange Rate as of August 31, 2017) (the “Purchase Price”) in cash at the Closing.
At the Closing, Seller shall cause the nominee holders of any Kendro HK Shares and any equity interests of Kendro Laboratory Proxxxxx Xxxia Pvt.
The HK Shares constitute the whole of the issued share capital of the HK Company.
Sun World, which directly holds 2,513,917,342 CNPC (HK) Shares, representing approximately 51.89% of the issued share capital of CNPC (HK), is the target in the Acquisition and PetroChina proposes to acquire 100% interest in Sun World indirectly held by CNPC through HK Subsidiary.