Examples of Placing Agent in a sentence
The Directors are of the view that (i) the Placing Agreement is entered into upon normal commercial terms following arm’s length negotiations between the Company and the Placing Agent; (ii) net proceeds of the Placing can strengthen the financial position of the Group and provide additional working capital to the Group; and (iii) the Placing also represents good opportunities to broaden the shareholder base and the capital base of the Company.
The maximum net proceeds from the Placing (after deducting the commission payable to the Placing Agent, professional fees and other related costs and expenses incurred in the Placing) will be approximately HK$5,200,000 which will be used in full for the Group’s general working capital.
The Placing Agent shall be entitled by notice in writing to the Company given prior to 9:30 a.m. on the Completion Date to terminate the Placing Agreement if any Specified Event comes to the notice of the Placing Agent.