EFFECT ON THE SHAREHOLDING STRUCTURE OF THE COMPANY Sample Clauses

EFFECT ON THE SHAREHOLDING STRUCTURE OF THE COMPANY. Upon issuance, the new Domestic Shares to be issued under the TBEA Subscription Agreement will rank pari passu in all respect with those Domestic Shares already issued. Assuming that there are no other changes to the total issued share capital of the Company and the number of Shares held by Shareholders from the date of this announcement to the date of the completion of the Issuance of H Shares and TBEA Subscription, the shareholding structure of the Company (1) as at the date of this announcement; (2) immediately upon completion of the Issuance of H Shares (assuming the number of H Shares to be issued is 62,695,126 Shares); and (3) immediately upon completion of the Issuance of H Shares and the TBEA Subscription (the “Issuance”) is set out below: As at the the date of this announcement Approximate percentage of Immediately upon completion of the Issuance of H Shares Approximate percentage of Immediately upon completion of the Issuance Approximate percentage of Number ofShares total issuedShares Number ofShares total issuedShares Number ofShares total issuedShares 785,144,487 65.43% 785,144,487 62.18% 952,449,361 66.60% 102,603,083 8.55% 102,603,083 8.13% 102,603,083 7.17% 887,747,570 73.98% 887,747,570 70.31% 1,055,052,444 73.77% — — 62,695,126 4.97% 62,695,126 4.38% 312,252,430 26.02% 312,252,430 24.73% 312,252,430 21.83% 312,252,430 26.02% 374,947,556 29.69% 374,947,556 26.22% 1,200,000,000 100.00% 1,262,695,126 100.00% 1,430,000,000 100.00% Non-public TBEA and its close associates Other Domestic Shares Shareholders Sub-total Public Placees Existing public H Shares Shareholders Sub-total Total Note: Numbers may not add up to 100 per cent due to rounding.
Sample 1
AutoNDA by SimpleDocs
EFFECT ON THE SHAREHOLDING STRUCTURE OF THE COMPANY. To the best of the Directors’ knowledge, information and belief after having made all reasonable enquiries, the existing shareholding structure of the Company and the effect of allotment and issue of the Consideration Shares on the shareholding structure of the Company upon Closing is set out as below: Name of Shareholder As at the date of this announcement Approximate % of number of Shares Immediately after the Closing, the allotment and issue of all Consideration Shares(1) Approximate % of number of Shares No. of Shares in issue No. of Shares in issue Wonderful Cosmos Limited(2) 586,500,000 51% 586,500,000 49.08% Xx. Xxxx Xxx Xxxx(3) 1,365,000 0.12% 1,365,000 0.11% 4,045,000(4) 0.36% 4,045,000(4) 0.34% Jasons Holdings 0 0% 45,000,000 3.77% Public Shareholders 558,090,000 48.53% 558,090,000 46.70% Total 1,150,000,000 100% 1,195,000,000 100% Notes:
Sample 1
EFFECT ON THE SHAREHOLDING STRUCTURE OF THE COMPANY. To the best knowledge of the Directors and the Company, assuming that no other Shares will be issued, the following table is an illustrative summary of the shareholding structure of the Company (i) as at the date of this announcement; and (ii) immediately after the allotment and issue of the Conversion Shares (based on the lower limit of the Conversion Price and assuming full conversion of the Convertible Bonds): As at the date of this announcement Immediately after the allotment and issue of the Conversion Shares (based on the lower limit of the Conversion Price and assuming full conversion of the Convertible Bonds) Number of Shares Approximate % Number of Shares Approximate % Delight Grace Limited (Note 1) 506,666,666 14.30 506,666,666 12.19 Legend Win Profits Limited (Note 2) 153,500,000 4.33 153,500,000 3.69 Xx. Xx Won Kong, Xxxxxx 103,007,364 2.91 103,007,364 2.48 Xx. Xx Xxx Xxx, Xxxxx (Note3) 2,900,000 0.08 2,900,000 0.07 The Vendor – – 613,333,333 14.75 Other public Shareholders 2,777,833,146 78.38 2,777,833,146 66.82 Total 3,543,907,176 100.00 4,157,240,509 100.00 Notes:
Sample 1
EFFECT ON THE SHAREHOLDING STRUCTURE OF THE COMPANY. The shareholding structure of the Company immediately before and after completion of the Open Offer is set out below: Immediately before completion of the Open Offer Immediately after completion of the Open offer Number ofShares Approximately% Number ofShares Approximately% Substantial Shareholder Concert Group: Rhenfield Development Corp. (Note 1) 165,564,529 10.14 300,972,862 12.29 Xxxxx Xxx Nok Xxxxx (Note 2) Xxxxx Xxx Xxxx Xxxxxx (Note 3) Xx. Xxxxx and Xx. Xxxx (Note 4) 213,163,534 – 9,470,000 13.05 – 0.58 407,440,675 – 14,205,000 16.63 – 0.58 Sub-total: 388,198,063 23.77 722,618,537 29.50 Directors: Xxxx Xxx Xxx 1,000,000 0.06 1,500,000 0.06 Xxxx Xxxx Wa Xxxx 1,300,000 0.08 1,950,000 0.08 Xxxx Xxx Wa Xxxxxx 2,000,000 0.12 3,000,000 0.12 Public Shareholders 1,240,538,025 75.97 1,720,485,595 70.24 Total 1,633,036,088 100.00 2,449,554,132 100.00 Note(s):
Sample 1
EFFECT ON THE SHAREHOLDING STRUCTURE OF THE COMPANY. For illustration purposes, the changes of the shareholding structures of the Company following the completion of the Fifth Connected Subscription are as follows: Shareholders Immediately before the Completion of the Fifth Connected Subscription Immediately after the Completion of the Fifth Connected Subscription Number ofShares Approximate% Number ofShares Approximate% Connected persons of the Company Lim’s Party (Note 1) Xx. Xxxxxx Xxx 265,005,246 29.41% 265,005,246 28.79% Ms. Xxx 18,148,000 2.01% 18,148,000 1.97% Xx. Xxx KM 23,992,000 2.66% 23,992,000 2.61% Sub-total 307,145,246 34.08% 307,145,246 33.37% CEL Party (Note 2) Diamond Wealth 262,084,380 29.09% 262,084,380 28.47% China Everbright Financial Investments Limited (Note 3) 822,000 0.09% 822,000 0.09% Mr. Xx 88,000 0.01% 88,000 0.01% Sino Expo (Note 4) 12,950,000 1.44% 12,950,000 1.41% Sub-total 275,944,380 30.63% 275,944,380 29.98% Xx. Xxx 6,544,000 0.73% 6,544,000 0.71% Future China Investment (Note 5) — — 19,377,000 2.11% No. of Shares held by connected persons of the Company 589,633,626 65.44% 609,010,626 66.17% Public Shareholders Third Subscriber 14,532,000 1.61% 14,532,000 1.58% Other public Shareholders 296,850,768 32.95% 296,850,768 32.25% No. of Shares held by the public Shareholders 311,382,768 34.56% 311,382,768 33.83% Total 901,016,394 100.00% 920,393,394 100.0% Notes:
Sample 1
EFFECT ON THE SHAREHOLDING STRUCTURE OF THE COMPANY. On the assumption that the Convertible Loan would be converted into Conversion Shares in full at the Conversion Price of HK$2.22 per Share and there is no adjustment to the Conversion Price pursuant to the Convertible Loan Agreement, the aggregate principal amount of the Convertible Loan of HK$200,000,000 is convertible into approximately 90,090,090 Conversion Shares, which represent approximately 9.01% of the issued share capital of the Company as at the date of this announcement and approximately 8.26% of the issued share capital of the Company as enlarged by the allotment and issue of the Conversion Shares (without taking into account any Shares which may be issued by the Company after the date of this announcement including Shares which may fall to be issued pursuant to the exercise of options under the Share Option Scheme). To the best of the Directors’ knowledge, information and belief after having made all reasonable enquiries, assuming that there is no change in the issued share capital of the Company prior to the conversion of the Convertible Loan, the shareholding structure of the Company (i) as at the date of this announcement; and (ii) assuming full conversion of the Convertible Loan at the Conversion Price of HK$2.22 per Share and there is no adjustment to the Conversion Price pursuant to the Convertible Loan Agreement, will be as follows: As at the date of this announcement Assuming full conversion of the Convertible Loan at the Conversion Price of HK$2.22 per Share No. of Shares Approximate No. of Shares Approximate % % Xxxxxx Capital Limited (Note 1) 750,000,000 75 750,000,000 68.80 RAYS Capital Partners Limited (Note 2) 90,112,000 9.01 90,112,000 8.27 IFC – – 90,090,090 8.26 Other Shareholders 159,888,000 15.99 159,888,000 14.67 Total 1,000,000,000 100 1,090,090,090 100 Notes:
Sample 1
EFFECT ON THE SHAREHOLDING STRUCTURE OF THE COMPANY. For illustration purposes, the effect of the completion of the Placing (as supplemented by the Supplemental Placing Agreement) on the shareholding structure of the Company is set out below: Shareholding structure of the Company immediately upon completion of the Placing (as supplemented by the Supplemental Placing Agreement) Shareholding as at the date of this announcement Approximate Shareholding immediately upon completion of the Placing (as supplemented by the Supplemental Placing Agreement) Approximate Shareholders Number of Shares held % of Sharesin issue Number of Shares held % of Sharesin issue Global Fortune Global Limited 235,603,225 39.28% 235,603,225 34.31% Glorytwin Limited 81,000,000 13.50% 81,000,000 11.79% Xx. Xxx Xxx Xxx Xxxxxx 30,302,703 5.05% 30,302,703 4.41% Mr. Xxx Xxxxxxx 23,872,000 3.98% 23,872,000 3.48% Mr. Xx Xxx Xxxxx Xxxxx 19,112,613 3.19% 19,112,613 2.78% The Placees — — 87,000,000 12.67% Other public shareholders 209,900,000 35.00% 209,900,000 30.56% Total 599,790,541 100.00% 686,790,541 100.00% LISTING RULES IMPLICATIONS As the Revised Placing Shares will be issued and allotted under the Specific Mandate to be obtained at the EGM, the Placing (as supplemented by the Supplemental Placing Agreement) is subject to the Shareholders’ approval. A circular containing, among other things, (i) further details of the Placing (as supplemented by the Supplemental Placing Agreement); and (ii) a notice convening the EGM, will be despatched to the Shareholders as soon as practicable in accordance with the GEM Listing Rules. General Placing Completion is subject to the fulfillment of the conditions precedent set out in the Placing Agreement. As the Placing (as supplemented by the Supplemental Placing Agreement) may or may not proceed, Shareholders and potential investors are advised to exercise caution when dealing in the Shares. On behalf of the Board Cornerstone Technologies Holdings Limited XXXXX Xxxxx Co-Chairman and Executive Director Hong Kong, 9 November 2021 As at the date of this announcement, the executive Directors are Xx. XXXXX Xxxxx, Xx. XXX XXXX WA Xxxxxxx, Mr. XX Xxx Xxxxx Xxxxx, Xx. XXX Xxx Xxx Xxxxxx and Mr. XXX Xxxxxxx, the non-executive Director is Xx. XX Xxxxxxx and the independent non-executive Directors are Xx. XXX Ka Xxx Xxxxxxx, Xx. XXXX Xxxx Xxx and Xx. XXX Xxxxxxx. This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM ...
Sample 1
AutoNDA by SimpleDocs

Related to EFFECT ON THE SHAREHOLDING STRUCTURE OF THE COMPANY

  • EFFECT ON FUND ACCOUNTING AGREEMENT In the event of any inconsistency between the terms of this Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except as specifically and only to the extent modified by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to remain in full force and effect.

  • Capitalization of the Company and its Subsidiaries The -------------------------------------------------- authorized capital stock of the Company consists of (i) 150,000,000 Shares of which, as of February 19, 1999, 56,419,890 Shares were issued and outstanding and (ii) 20,000,000 shares of Preferred Stock, par value of $0.01 per share, of which, as of February 19, 1999, no shares were issued and outstanding. All outstanding shares of capital stock of the Company have been validly issued, and are fully paid, nonassessable and free of preemptive rights. As of February 19, 1999, Employee Options to purchase an aggregate of 6,569,342 Shares were outstanding and the weighted average exercise price of such Employee Options was $14.21 per Share. Except as set forth above or in Schedule 4.2, and except as a result of the exercise of Employee Options outstanding as of February 26, 1999, there are outstanding (i) no shares of capital stock or other voting securities of the Company, (ii) no securities of the Company convertible into or exchangeable for shares of capital stock or voting securities of the Company, (iii) no options, subscriptions, warrants, convertible securities, calls or other rights to acquire from the Company, and no obligation of the Company to issue, deliver or sell any capital stock, voting securities or securities convertible into or exchangeable for capital stock or voting securities of the Company and (iv) no equity equivalents, "phantom" stock rights, stock appreciation rights, performance shares, interests in the ownership or earnings of the Company or other similar rights issued by the Company (collectively, "Company Securities"). Except as set ------------------- forth in Schedule 4.2 or as contemplated by this Agreement or the Stockholders Agreement, there are no outstanding obligations of the Company or any of its subsidiaries to repurchase, redeem or otherwise acquire any Company Securities. Except as set forth in Schedule 4.2, each of the outstanding shares of capital stock of each of the Company's subsidiaries is duly authorized, validly issued, fully paid and nonassessable and is directly or indirectly owned by the Company, free and clear of all security interests, liens, claims, pledges, charges, voting agreements or other encumbrances of any nature whatsoever (collectively, "Liens"). Except as set forth in Schedule 4.2, there are no existing options, ----- calls or commitments of any character relating to the issued or unissued capital stock or other securities of any subsidiary of the Company. Except as set forth in Schedule 4.2, and the Stockholders Agreement, there are no voting trusts, proxies or other agreements, commitments or understandings of any character to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound with respect to the voting of any shares of capital stock of the Company or any of its subsidiaries or with respect to the registration of the offering, sale or delivery of any shares of capital stock of the Company or any of its subsidiaries under the Securities Act. There are not any bonds, debentures, notes or other indebtedness of the Company or its subsidiaries having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which stockholders of the Company may vote ("Voting Company Debt"). -------------------

  • Incorporation and Good Standing of the Company and its Subsidiaries The Company has been duly incorporated and is validly existing as a corporation in good standing under the law of its jurisdiction of incorporation with full power and authority to own, lease and operate its properties and assets and conduct its business as described in the Pricing Disclosure Package and the Prospectus, is duly qualified to transact business and is in good standing in each jurisdiction in which its ownership, leasing or operation of its properties or assets or the conduct of its business requires such qualification, except where the failure to be so qualified does not amount to a material liability or disability to the Company and its subsidiaries, taken as a whole, and has full power and authority to execute and perform its obligations under the Transaction Documents; each subsidiary of the Company is duly organized and validly existing and in good standing under the laws of its jurisdiction of organization and is duly qualified to transact business and is in good standing in each jurisdiction in which its ownership, leasing or operation of its properties or assets or the conduct of its business requires such qualification, except where the failure to be so qualified does not amount to a material liability or disability to the Company and its subsidiaries, taken as a whole, and each has full power and authority to own, lease and operate its properties and assets and conduct its business as described in the Pricing Disclosure Package and the Prospectus; all of the issued and outstanding shares of capital stock of each of the Company’s subsidiaries have been duly authorized and are fully paid and nonassessable and, except as otherwise set forth in the Pricing Disclosure Package and the Prospectus (including the equity interests in the Company’s subsidiaries that have been pledged to lenders under the Company’s secured indebtedness disclosed in the Pricing Disclosure Package and the Prospectus), such shares held by the Company are owned beneficially by the Company free and clear of any security interests, liens, encumbrances, equities or claims.

  • Effect on the Loan Agreement (a) Upon the effectiveness of Section 2 hereof, each reference in the Loan Agreement to "this Agreement," "hereunder," "

  • Capitalization of the Company The authorized capital stock of the Company consists of 20,000,000 shares of Common Stock, par value $.001 per share, of which 10,000,000 shares will be outstanding at Closing, and 1,000,000 shares of preferred stock, none of which is outstanding. All outstanding shares are duly authorized, validly issued, fully paid and non-assessable.

  • Financial Statements; No Material Adverse Effect; No Internal Control Event (a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Company and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Company and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness.

  • Effect of Recapitalizations, Reclassifications and Changes of the Common Stock (a) In the case of:

  • Reference to the Effect on the Credit Agreement Upon the effectiveness of this Agreement, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of similar import shall mean and be a reference to the Credit Agreement, as amended by this Agreement. Except as specifically amended above, the Credit Agreement, and all other Financing Documents (and all covenants, terms, conditions and agreements therein), shall remain in full force and effect, and are hereby ratified and confirmed in all respects by each Borrower.

  • Effect on the Credit Agreement (a) Upon the effectiveness of this Amendment, on and after the date hereof, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a reference to the Credit Agreement, as amended and modified hereby.

  • Capitalization of Merger Sub The authorized capital stock of Merger Sub consists solely of 1,000 shares of common stock, par value $0.01 per share, all of which are validly issued and outstanding. All of the issued and outstanding capital stock of Merger Sub is, and at the Effective Time will be, owned by Parent or a direct or indirect wholly-owned Subsidiary of Parent. Merger Sub has not conducted any business prior to the date hereof and has no, and prior to the Effective Time will have no, assets, liabilities or obligations of any nature other than those incident to its formation and pursuant to this Agreement and the Merger and the other transactions contemplated by this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.