Examples of Share Charge Agreement in a sentence
And thus, the provision of financial assistance by Beijing Capital to Yangzhou Biomax as contemplated under the Supplementary Loan Agreements constitute connected transactions of the Company under Rule 14A.13(2)(b)(i) of the Listing Rules and the share charge provided by Shanghai Environmental Biomax in favour of Beijing Capital as contemplated under the Share Charge Agreement constitutes a connected transaction of the Company under Rule 14A.13(4) of the Listing Rules.
The Share Charge Agreement will also include certain restrictions on transfer of the charged shares, and will be immediately enforceable if there is a continuing default under the CBPA.
In the event that the Share Charge Agreement becomes enforceable, Talent Wise will be able to exercise all voting and other rights attaching to the charged assets, transfer legal ownership of the charged shares and register such shares in its name or in the name of its nominees.
Therefore, the transaction contemplated under the Loan Extension Agreement and the New Share Charge Agreement constitutes a connected transaction for the Company under Chapter 14A of the Listing Rules.
Save as disclosed herein, none of the Directors or controlling Shareholders have any interests, direct or indirect, in the Proposed Amendment of Share Charge Agreement, other than through each of their respective shareholding interests, direct and/or indirect, in the Company.