FINANCIAL EFFECT. The consideration for the subscription of S$1,456,000, representing 52% of the total issued and paid-up capital of the JVCO will be funded through internal resources and paid in cash. As the JVCO will be a newly incorporated entity, no valuation was conducted and the Transaction is not expected to have any material impact on the Company’s net tangible assets per share and consolidated earnings per share for the current financial year.
FINANCIAL EFFECT. The transaction is not expected to have any material effect on the earnings, net assets per share, gearing, share capital and substantial shareholding of the Company for the financial year ending 31 December 2011.
FINANCIAL EFFECT. If we acquire the Entrusted Equity Interests If we exercise our option to acquire the Entrusted Equity Interests, we will need to pay consideration for the purchase of the Entrusted Equity Interests in an amount equal to at least 90.0% of the total appraised value of the Entrusted Equity Interests as approved by the Beijing SASAC. Since currently we have financial control of Taihang Huaxin and are entitled to any dividends it pays with respect to the Entrusted Equity Interests, there is not expected to be any financial effect on our Group upon completion of the acquisition of the Entrusted Equity Interests other than payment by us of the purchase price. Since Xxxxxxx Xxxxxx currently is accounted for as a subsidiary of the Company, after acquiring the Entrusted Equity Interests, our accounting treatment with respect to Xxxxxxx Xxxxxx will remain the same, except that the minority interest in our Group’s accounts attributable to our Parent’s 61.67% interests in Taihang Huaxin will no longer be present. If we do not acquire the Entrusted Equity Interests If we do not exercise our option to acquire the Entrusted Equity Interests but we continue to allow the automatic renewal of the Taihang Huaxin Entrustment Agreement, we will continue to be entitled to any dividends paid by Taihang Huaxin with respect to the Entrusted Equity Interests and Taihang Huaxin will continue to be accounted for as a subsidiary of the Company. If we terminate the Taihang Huaxin Entrustment Agreement without exercising our option to acquire the Entrusted Equity Interests, we will no longer be entitled to any dividends paid with respect to the Entrusted Equity Interests. In addition, Taihang Huaxin will no longer be accounted for as a subsidiary of our Company as we would then control only 33.33% of Taihang Cement’s equity interests rather than 95.0%. As a result, the items of income, expenses, assets and liabilities of Taihang Huaxin will no longer be consolidated line by line into our Group’s consolidated accounts. However, because the Group would continue to hold a 33.33% direct equity interest in Taihang Huaxin, the 33.33% of the results of Taihang Huaxin attributable to our Group would be
FINANCIAL EFFECT. Based solely on the total assets value less third party payables attributable to the disposal of the Operators as of 30 June 2019 with the amount of approximately RMB521.3 million, the inter-company loans and inter-company transactions of RMB383.9 million and RMB17.6 million, respectively, between the Operators and other subsidiaries of the Company, and the Consideration under the Sales and Purchase Agreement in the amount of HK$834,848,000 together with the adjustments in consideration pursuant to the Sales and Purchase Agreement. The Company would record an unaudited estimated loss of approximately RMB54.2 million before taxation from the disposal of the Operators. INFORMATION OF THE OPERATORS 新疆興業新能源有限公司 (Xinjiang Singyes Renewable Energy Company Limited*) is currently a wholly-owned subsidiary of the Vendor and will be a wholly-owned subsidiary of the WFOE after the Sales Group Restructuring. It is principally engaged in the business of development and technical consultation relating to solar power, design of solar power systems, specific investments of solar power projects. 武威東潤太陽能開發有限公司 (Wuwei Dongrun Solar Energy Development Company Limited*) is currently a wholly-owned subsidiary of the Vendor and will be a wholly-owned subsidiary of the WFOE after the Sales Group Restructuring. It is principally engaged in the business of development, construction, production, sales and operations of solar power. The Solar Assets Details of the Solar Assets are set out as follows: First Phase of the Photovoltaic Solar Energy Power Plant owned by the Xinjiang Operator Second Phase of the Photovoltaic Solar Energy Power Plant owned by the Xinjiang Operator Solar Assets owned by the Wuwei Operator Status In operation In operation In operation Location 新疆塔里木墾區 農二師33團場(Field of Division 33, the Second Agricultural Tour, Muken District, Talimu, Xinjiang*) 新疆塔里木墾區 農二師33團場(Field of Division 33, the Second Agricultural Tour, Muken District, Talimu, Xinjiang*) 武威金太陽新能源高新技術集中區2區(District 2, Wuweijin Solar Energy High Technology Focus Area*) Period of Operation From October 2014 From May 2016 From October 2014 Installed Production Capacity 30 megawatt 20 megawatt 50 megawatt Annual Power Production Capacity 30,000,000 kilowatt hour 2,000,000 kilowatt hour 50,000,000 kilowatt hour INFORMATION OF THE GROUP As at the date of this announcement, the Group is principally engaged in the design, fabrication and installation of conventional curtain walls and building integrated photov...
FINANCIAL EFFECT. As at the date of this announcement, the issued and paid-up capital of the Company is S$13,192,949.26 comprising 64,977,825 ordinary shares. Upon Conversion of the Loan and the allotment and issue of the Referral Fee Shares to Mr Xxxxx Xxx, the existing issued share capital of the Company will increase to approximately S$18,452,949.26 comprising 264,977,825 ordinary shares. Correspondingly, the NTA per Share of the Group, based on the unaudited financial statements of the Group as at 31 December 2006, after adjusting for the Conversion and the allotment and issue of the Referral Fee Shares, will increase from 0.95 cents to 2.12 cents. The shareholding structure of the Company following the Conversion and the allotment and issue of the Referral Fee Shares to Mr Xxxxx Xxx is as follows: Name of Shareholder No. of Shares Percentage (%) NH Investments Pte Ltd 27,500,000 10.38 Xxxx Xxx Xxx Xxxx 13,481,690 5.09 Investors 190,000,000 71.70 Xxxxx Xxx Poh Eng 10,000,000 3.77 Others 23,996,135 9.06
FINANCIAL EFFECT. The SA is not expected to have any effect on the issued share and substantial shareholders’ shareholdings of the Company as it does not involve the issuance of any new ordinary shares in the Company. The SA is not expected to have any material impact on the Company’s earnings per share, net assets and gearing for the current financial year ending 31 December 2023. However, it is expected to contribute positively to the future earnings of the Company.
FINANCIAL EFFECT. The Supplemental Agreement will not have any effect on the earnings of the Group for the financial year ending 31 August 2020.
FINANCIAL EFFECT. The JV Agreement is not expected to have any effect on the issued share and substantial shareholders’ shareholdings of NGGB as it does not involve the issuance of any new ordinary shares in NGGB. The JV Agreement is not expected to have any material impact on the NGGB’s earnings per share, net assets and gearing for the current financial year ending 31 December 2020. However, it is expected to contribute positively to the future earnings of NGGB.
FINANCIAL EFFECT. 5.1 Issued and Paid-up Share Capital, net assets and gearing The Agreements will not have any effect on the share capital and substantial shareholders’ shareholdings, net assets and gearing of PBAHB Group.
FINANCIAL EFFECT. 3.1 Issued share capital and substantial shareholders’ shareholdings The Supplemental Agreement will not have any effect on the issued share capital and substantial shareholders’ shareholdings of TDM
