Completion of the. INVESTMENT AND COOPERATION AGREEMENT Reference is made to the announcements of Genscript Biotech Corporation (the “ Company ”) dated 6 April 2016 and 18 May 2016 (collectively, the “Announcements”) in relation to the proposed investment and acquisition of 51% equity interest in Xxxxx Xxxxxxx Biological Engineering Co., Ltd* ( 濟 南 諾 能 生 物 工 程 有 限 公 司 ) (the “Target Company”) by way of capital injection. Unless otherwise defined, all capitalized terms used herein shall have the same meanings as defined in the Announcements. The Board is pleased to announce that all conditions precedent to the Completion have been fulfilled and the Completion took place on 30 June 2016 after trading hours in accordance with the terms and conditions of the Investment and Cooperation Agreement and the supplemental agreement to the Investment and Cooperation Agreement. As a result of the Completion, the Target Company has become an indirect subsidiary of the Company and therefore its results, assets and liabilities will be consolidated into the consolidated financial statements of the Group accordingly. By Order of the Board Genscript Biotech Corporation Xx. Xxxxx Xxxxxxxxx Chairman Hong Kong, 30 June 2016 As at the date of this announcement, our executive Directors are Xx. XXXXX Xxxxxxxxx, Ms. XXXX Xx, and Xx. XXXX Xxxxxx; our non-executive Directors are Xx. XXXX Xxxxxx, Xx. XXXXX Xxxx-Xxxx, and Mr. XXX Xxxxxx; and our independent non-executive Directors are Xx. XXX Xxxxxxx, Xx. XXX Xxxxxx, and Ms. XXXXX Xxx.
Completion of the. Takeover Offer BidCo shall complete the Takeover Offer without undue delay after satisfaction of all Regu-latory Conditions as set forth in the Offer Document, but in any case after Closing. If the Regulatory Conditions are not met, or not met in time, BidCo shall release the tendered shares from the Takeover Offer without undue delay after non-satisfaction of the Regulatory Conditions as set forth in the Offer Document. 6 Conditions to Closing 6.1 Closing Conditions
Completion of the. Lease shall take place at the offices of the Landlord's solicitors or at such other place as they shall reasonably require
Completion of the. Rescue Financing Completion shall take place on the Completion Date at the office of the Company’s solicitors (or at such other place as may be agreed between the Parties). The Investor shall deposit the Principal Amount into the Bank Account on Completion or prior to approval for the resumption of trading of the Shares on the SGX-ST having been obtained from the SGX-ST, whichever is earlier. On Completion, the Principal Amount which has been deposited in the Bank Account shall be available for drawdown at the request of the Company in accordance with the terms of the Super Priority Financing Agreement and based on the Milestones as agreed between the Parties. “Completion Date” means the date falling five (5) business days after the date on which the Conditions have been satisfied or otherwise waived in writing by the relevant Party, or such other date as may be mutually agreed between the Parties, on which the Proposed Investment shall be completed.