Examples of Entrusted Loan Agreement in a sentence
As the Directors (including all the independent non-executive Directors) have confirmed that the Entrusted Loan Agreement is on normal commercial terms and its terms are fair and reasonable and in the interests of the Company and the Shareholders as a whole, such transaction is only subject to the reporting, announcement and annual review requirements but is exempt from the circular, independent financial advice and shareholders’ approval requirements under Rule 14A.101 of the Listing Rules.
The Entrusted Loan Agreement shall become effective when it is duly signed by the legal representatives or authorised agents of the parties and with their respective seals affixed therein.
The respective boards of directors of Century City and Paliburg announce that on 11 October 2013, the Lender, a wholly-owned subsidiary of Paliburg, and the Borrower entered into the framework agreement, pursuant to which the parties entered into the Entrusted Loan Agreement with the Lending Agent to effectuate the provision of the Entrusted Loan.
Renewable Resource Company is therefore a connected person of the Company and the transaction under the Entrusted Loan Agreement constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules.
The entering into of the Entrusted Loan Agreement on its own does not exceed 5% of any of the percentage ratios under Rule 14.07 of the Listing Rules.