Examples of Sale Shares 2 in a sentence
The acquisition of the Sale Shares 1 and Sale Shares 2 is not expected to have any material impact on the net tangible assets or earnings per share of the Company for the financial year ending 30 June 2014.
The Sale Shares 1 and the Sale Shares 2, being in aggregate of 530,700,000 Shares (representing approximately 55.28% entire issued share capital of the Company as at the date of this joint announcement).
The key terms of the SPA are as follows: Date:26 November 2021Parties:(1) The Seller, as the seller of the Sale Shares; (2) COLI Finance, as the assignor of the corresponding shareholder loan; (3) The Purchaser, as the purchaser; and (4) Project Holdco, as the target company.
Any payment made by a Seller pursuant to this Clause shall, to the maximum extent possible, be deemed to be a reduction in that part of the Consideration relating to the Sale Shares 2.
Seller 2 is a tax resident of Netherlands as defined under Article 4 of the Netherlands DTAA and a non-resident of India as per the Income Tax Act and is eligible to claim the benefits of the Netherlands DTAA including, in particular, the benefit of full exemption from Indian Tax on the sale of the Sale Shares 2 to the Purchaser.
Parties:(1) Haitong International Singapore, an indirect wholly-owned subsidiary of the Company, as the purchaser of the Sale Shares (2) Haitong Bank, as the seller of the Sale Shares, a connected person of the Company (3) Haitong UK, one of the holders of the Joint Share immediately prior to the Completion, a connected person of the Company (4) Haitong India, as the target company C.
The Sale Shares 2 will be purchased by CHGP from the Vendor 2, free from encumbrances as follows: Vendor No. of shares% held in Kayangan Purchase consideration(RM) Chan Kin Keong 3,000,000 30.0 16,700,000 Kayangan is currently a 65%-owned subsidiary of CHGP.
The amounts mentioned in (a) and (b) above shall be payable by the Purchasers towards the purchase of Direct Transfer Holdco Sale Shares 1; and the amounts mentioned in (c), (d) and (e) above shall be payable by the Purchasers towards the purchase of Direct Transfer Holdco Sale Shares 2.
Consideration The total cash consideration for the Sale Assets was HK$80,000,000, which was apportioned between the Sellers in the following manner: (1) Best Asset — HK$25,851,755.53 in respect of the Best Asset Sale Shares; (2) Leadkeen — HK$31,859,557.87 in respect of the Leadkeen Sale Shares and HK$10,000,000 in respect of the Property; and (3) Primetime — HK$12,288,686.60 in respect of the Primetime Sale Shares.
On or prior to the In-specie Third Closing Date, Snowdrop shall deliver to the Purchasers, a certificate confirming that the Sale Share Warranties in relation to the In-specie Snowdrop Sale Shares 2, are true and correct and not misleading as on the In-specie Third Closing Date.