Examples of Independent Financial Adviser in a sentence
In view of the above, the Directors (other than the independent non-executive Directors whose views will be given after taking the advice of the Independent Financial Adviser) consider the terms of the LPG Framework Sales Agreement and the transactions contemplated thereunder are on normal commercial terms and in the ordinary course of the Company’s business and that the proposed annual caps are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
It is expected that a circular containing, among other things, further details of the Framework Agreement, a letter of advice from the Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders, a letter of advice containing the recommendations of the Independent Board Committee and a notice of the SGM will be despatched to the Shareholders in accordance with the Listing Rules on or about 5 April 2012.
Rainbow Capital has been appointed as the Independent Financial Adviser by the Company to advise the Independent Board Committee and the Independent Shareholders in this regard.
Under the Hong Kong Listing Rules, the Independent Financial Adviser is required to opine only on the continuing connected transactions relating to the purchase of fuel and transportation services (including the proposed caps) contemplated under the Huaneng Group Framework Agreement and, in which case, the Independent Financial Adviser will not provide opinions on the other transactions contemplated under the Huaneng Group Framework Agreement (collectively, the “Other Transactions”).
The Company has also appointed Gram Capital as the Independent Financial Adviser to advise the Independent Board Committee and the Independent Shareholders in this regard.