Examples of Redomicile Proposal in a sentence
One could also state that consumers should be content with the CO2 indication they currently receive from some of the LSPs. However, the competition in the field of logistics can be ruthless and consumers are increasingly demanding.
In summary, the Directors are of the view that the implementation of the Scheme will facilitate future expansion of the Newco Group (i.e. assets acquisition and/or injection and equity fund raising), and accordingly, the Redomicile Proposal is in the interests of the Group and the Shareholders as a whole.
If the Redomicile Proposal is implemented, Sylvania Platinum will become a non-operating holding company.
The Directors have been advised that implementation of the Redomicile Proposal will not, of itself, result in Newco or the Newco Group incurring a greater liability for tax than would have been incurred by the Group had the Redomicile Proposal not been implemented, other than in respect of the annual government fee payable to the Bermuda government by Newco.
The Scheme may invest in other schemes managed by the AMC or in the schemes of any other Mutual Funds, provided it is in conformity with the investment objective of the Scheme and interms of the prevailing Regulations.
EFFECTS OF THE REDOMICILE PROPOSAL 5.1 Financial position Implementation of the Redomicile Proposal will not alter the business and the net assets/liabilities or financial position of the Newco Group, other than the payment of professional costs and expenses relating thereto, which is estimated to be approximately HK$7 million.
As part of the Redomicile Proposal, the Company will terminate the Share Option Scheme and Newco will adopt the Newco Share Option Scheme which will comply with the requirements under Chapter 17 of the Listing Rules.
No agreements or arrangements under which the emoluments or terms of service of any of the Directors nor the terms of service of any employees of the Newco Group will be changed as a result of the implementation of the Redomicile Proposal.
Immediately following the implementation of the Redomicile Proposal, Newco will become the holding company of the Newco Group which will continue to carry on the present business activities, being construction, property development and property investment in Hong Kong and the PRC as well as investments in infrastructure and alternative energy sectors.
Having taken into account (i) the background of the Redomicile Proposal; and (ii) the detailed reasons for the implementation and the effects of the Redomicile Proposal as set out in the Explanatory Statement, the Directors consider that the Redomicile Proposal is in the interests of the Company and the Shareholders as a whole.