SFC Transaction Levy definition
Examples of SFC Transaction Levy in a sentence
The Offer Price shall be fixed by agreement between the Bank and the Joint Overall Coordinators (on behalf of the Underwriters) in Hong Kong dollars after book-building process in respect of the International Offering has been completed which price shall not exceed HK$2.72 but is expected to be not less than HK$2.59 (exclusive of Brokerage, SFC Transaction Levy, AFRC Transaction Levy and Trading Fee).
The Company shall offer the Hong Kong Offer Shares for subscription by the public in Hong Kong at the Offer Price (together with Brokerage, Trading Fee, SFC Transaction Levy and FRC Transaction Levy) payable in full on application in Hong Kong dollars on and subject to the terms and conditions set out in the Hong Kong Public Offering Documents and this Agreement.
The net amount payable to the Company pursuant to this Clause 5.2 will (for the avoidance of doubt and if applicable) be calculated after allowing for entitlements of successful applicants under the Hong Kong Public Offering to refunds of application monies (including the Brokerage, the Trading Fee, the SFC Transaction Levy and the FRC Transaction Levy) if and to the extent that the Offer Price shall be determined at below HK$28.80 per Offer Share.
Where ▇▇▇▇▇▇▇ ▇▇▇▇▇ intends to reject an application in the Hong Kong Public Offering for Shares with an aggregate subscription price of more than HK$5 million (excluding Brokerage, Trading Fee, SFC Transaction Levy and Investor Compensation Levy payable) on grounds not contemplated by the written guidelines by which ▇▇▇▇▇▇▇ ▇▇▇▇▇ and/or the Receiving Banks will determine whether or not an application for Shares is a Valid Application, it shall first consult with the Selling Shareholder.
The Offer Price will be determined as that amount which, when increased by Brokerage at the rate of 1 per cent., SFC Transaction Levy at the rate of 0.005 per cent., Investor Compensation Levy at the rate of 0.002 per cent.
The Selling Shareholder will, subject to the determination of the Offer Price in accordance with clause 3.6, as beneficial owner, offer the Hong Kong Offer Shares for sale to the public in Hong Kong at the Offer Price, payable in full on application in HK dollars together with Brokerage at the rate of 1 per cent., SFC Transaction Levy at the rate of 0.005 per cent., Investor Compensation Levy at the rate of 0.002 per cent.
The Sole Representative will, on behalf of the Hong Kong Underwriters, arrange for the payment by the Nominee on behalf of all successful applicants under the Hong Kong Public Offering to the persons entitled thereto of the Brokerage, the Trading Fee, the SFC Transaction Levy and the FRC Transaction ▇▇▇▇ in respect of the Accepted Hong Kong Public Offering Applications, such amounts to be paid out of the application monies received in respect of Hong Kong Public Offering Applications.