Examples of Merger Circular in a sentence
As disclosed in the Merger Circular, in the Operating Agreement, subject to the MTR Ordinance, it has been acknowledged that, when undertaking new projects and/or operating new railways, the Company will require an appropriate commercial rate of return.
As explained in the Merger Circular, property development is a significant part of the Company’s business, providing an important source of income that has supported the cost of construction of railway projects as well as contributing to future rail patronage from the immediate catchment areas created by such property developments.
For further details of the terms of the Existing Service Concession Agreement, please refer to pages III-8 to III-16 of the Rail Merger Circular.
The interim financial statements for the ten month period ended 30 April 2018 have been prepared to assist Alliance to comply with financial reporting requirements of the Singapore Stock Exchange with respect to the Merger Circular being issued by Alliance in relation to its proposed merger with Tawana Resources NL.
For further details of the terms of the Existing Service Concession Agreement, please refer to pages III-8 to III-16 of the Rail Merger Circular and for further details of the terms of the SSCA (TML1), please refer to the 2020 Announcement.
The Merger Circular also contains the merger proposal, the explanation to the merger proposal and the annexes to the aforementioned documents (the “Circular”).
In advance of this, the Audit Committee’s specific focus was on the work to support the relevant financial disclosures in the Merger Circular and Prospectus and in particular the Working Capital Report, the Financial Position and Prospects report and the Quantified Financial Benefits Statement.Post-Merger, this focus switched to the impact on the group financial reporting of the Merger, along with the integration costs and synergies.
As further described in the Merger Circular, the Companies Law contemplates an objection period of 21 days for creditors and shareholders which in the context of the Merger ran from 24th December 2021 to 13th January 2022 (the Objection Period, as defined).
A further explanation to this agenda item is included in the Merger Circular.
Borrower shall maintain, as of the last day of each fiscal quarter, a ratio of Total Liabilities less Subordinated Debt to Tangible Net Worth plus Subordinated Debt of not more than 1.0 to 1.0.