Examples of Hong Kong Takeovers Code in a sentence
Subject to the satisfaction of the above requirements under the Singapore Companies Act and the Hong Kong Takeovers Code, the Offeror intends to privatise E&E by exercising its right to compulsorily acquire those Offer Shares not acquired by the Offeror under the Offer.
The Offer remains open for acceptance until 4.00 p.m. on 28 July 2020, or such later date(s) as may be announced from time to time by or on behalf of the Offeror, subject to the rules of the Singapore Take-over Code and the Hong Kong Takeovers Code (“Closing Date”).
Neither Borrower nor any Subsidiary has any material liabilities or obligations of any nature (whether absolute, accrued, contingent or otherwise), except for liabilities or obligations reflected or reserved against in its respective most recent quarterly Financial Statements and current liabilities incurred in the ordinary course of business since the respective dates thereof.
The Directors are not aware of any consequences which will arise under the Hong Kong Takeovers Code or the Malaysian Take-Overs and Merger Code as a result of any repurchases made under the Share Buy-back Mandate.
The Board has reasonable grounds to believe that there is no implication relating to the Hong Kong Takeovers Code or the Malaysian Take- Overs and Merger Code arising from the authority given under the Share Buy-back Mandate.
The Board has reasonable grounds to believe that there is no implication relating to the Hong Kong Takeovers Code or the Malaysian Takeovers Code arising from the authority given under the Share Buy-Back Mandate.
Under Rule 17 of the Hong Kong Takeovers Code, an acceptor shall be entitled to withdraw his acceptance after 21 days from the First Closing Date if the Offer has not by then become unconditional as to acceptances.Both the Singapore Take-over Code and the Hong Kong Takeovers Code provide for an acceptor’s right to withdraw his acceptance if the Offer has not become unconditional as to acceptances after the expiry of a period following the First Closing Date.
As it is not intended for the Share Buy-Back Mandate to trigger the obligation to undertake a mandatory general offer under the Hong Kong Takeovers Code or the Malaysian Takeovers Code for any of the substantial Shareholders and parties acting in concert with them, the Board will ensure that only such number of Shares will be repurchased and cancelled so that neither the Hong Kong Takeovers Code nor the Malaysian Takeovers Code will be triggered.
Save as aforesaid and as at the Latest Practicable Date, the Directors were not aware of any consequence which the exercise in full of the Buyback Mandate would have under the Hong Kong Takeovers Code.
The Directors are not aware of any consequences which will arise under the Hong Kong Takeovers Code or the Malaysian Takeovers Code as a result of any repurchases made under the Share Buy-back Mandate.