Lease Arrangement definition
Examples of Lease Arrangement in a sentence
The Directors are of the view that the terms of the Finance Lease Arrangement are fair and reasonable and are in the interests of the Company and the shareholders of the Company as a whole.
As the highest percentage ratio (as defined under the Listing Rules) in respect of the Finance Lease Arrangement exceeds 5% but is less than 25%, the Finance Lease Arrangement constitutes a discloseable transaction of the Company and is subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.
If required pursuant to Section 7.12 hereof, the applicable STOCKHOLDERS and NEWCO shall have entered into the Lease Arrangement.
If required pursuant to Section 7.12 hereof, the applicable STOCKHOLDERS and NEWCO shall have entered into the Lease Arrangement, with NEWCO'S obligations under the Lease Arrangement guaranteed by VESTCOM.
To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, no Shareholder has a material interest in the Finance Lease Arrangement.
No Shareholders’ meeting will be convened by the Company to approve, confirm and/or ratify the Finance Lease Arrangement (Chengtay).
The Company has received written certificate to approve the Finance Lease Arrangement (Chengtay) from Shuren Education (holding 300,000,000 Shares, and 100% owned by ▇▇.
As the highest applicable ratio of the Finance Lease Arrangement (Chengtay) (whether standing alone or aggregated with the Finance Lease Arrangement (Chengtay — 2021)) exceeds 25% but is less than 100%, the Finance Lease Arrangement (Chengtay) constitutes a major transaction for the Company and therefore shall subject to the reporting, announcement and shareholders’ approval requirements under Chapter 14 of the Listing Rules.
As the highest applicable Percentage Ratio in respect of the transactions contemplated under the First Finance Lease Arrangement and the Second Finance Lease Arrangement on an aggregate basis is more than 5% but less than 25%, the transactions under the Second Finance Lease Arrangement constitute a discloseable transaction of the Company and is subject to the reporting and announcement requirements but is exempt from shareholders’ approval under Chapter 14 of the Listing Rules.
A circular containing, among others, details of the Finance Lease Arrangement, will be despatched to the Shareholders as soon as practicable and within 15 business days of this announcement in accordance with the Listing Rules.