Examples of Third Party Offer in a sentence
Amidst the current market conditions, the Company believes that it is a good opportunity to offload the Properties at the Third Party Offer Price using it to settle the remaining Outstanding Contract Fees.
By comparing the value at which the Properties will be being transferred, i.e. the Third Party Offer Price, and the carrying value of the Properties as at 31 December 2015, no significant gain or loss is expected to arise from the disposal of the Properties except for an estimated tax expenses of approximately RMB5,531,960.86 (approximately HK$6,638,353,03).
Given that the disposal will be made at the Third Party Offer Price, the Directors (including the independent non-executive Directors), believe that the terms for disposal of the Properties to settle the remaining Outstanding Contract Fees are fair and reasonable, and the disposal of the Properties are on normal commercial terms and in the interests of the Company and the Shareholders as a whole.