Examples of Tencent Subscription Agreement in a sentence
Any such claim pursued by the Shareholder Representative pursuant to this Section 8.11 shall follow the provisions set forth in Section 9.10 (Dispute Resolution) of the Tencent Subscription Agreement, mutantis mutandis.
The AGM will be convened for the Shareholders to consider, and if thought fit, approve the proposed re-election of Directors, the proposed Issuance Mandate (including the extended Issuance Mandate), the proposed Repurchase Mandate, the proposed re-appointment of auditor, the Tencent Subscription Agreement, the respective transaction contemplated thereunder and the requisite specific mandate and the amendment of the Memorandum and Articles of Association of the Company.
We, therefore, recommend that you vote in favour of the resolutions to be proposed at the AGM to approve Tencent Subscription Agreement and the connected transaction contemplated thereunder.
In accordance with the Listing Rules, Tencent and its associates will be required to abstain from voting on the resolution(s) to approve the Tencent Subscription Agreement, the connected transaction contemplated thereunder and the requisite specific mandate at the AGM.
Further details of the Tencent Subscription Agreement are set out in the section headed “6.
We have been appointed to form the Independent Board Committee to advise the Independent Shareholders in respect of the Tencent Subscription Agreement and the connected transaction contemplated thereunder, details of which are set out in the “Letter from the Board” contained in the Circular.
Having taken into account the terms of the Tencent Subscription Agreement and the connected transaction contemplated thereunder and the advice of the IFA, we are of the opinion that the terms of the Tencent Subscription Agreement are fair and reasonable so far as the Shareholders (including the Independent Shareholders) are concerned, and the connected transaction contemplated thereunder is on normal commercial terms and in the interests of the Company and the Shareholders as a whole.
The completion of the Tencent Subscription is subject to the satisfaction of the conditions precedent set out in the Tencent Subscription Agreement.
The Board is pleased to announce that on April 19, 2021 (after trading hours), the Company and Tencent entered into the Tencent Subscription Agreement, pursuant to which Tencent has agreed to subscribe for and the Company has agreed to allot and issue Tencent Subscription Shares at the Tencent Subscription Price of HK$273.80 for each Tencent Subscription Share.The Tencent Subscription Agreement Date: April 19, 2021 Parties: (1) the Company; and (2) Tencent.
Save as disclosed above, to the best of the knowledge, information and belief of the Directors, no other Shareholder has a material interest in the connected transaction contemplated under the Subscription Agreement and will be required to abstain from voting on the resolution(s) to approve the Tencent Subscription Agreement, the connected transaction contemplated thereunder and the requisite specific mandate at the AGM.