Minimum Subscription Level and Shareholders’ Undertakings Sample Clauses

Minimum Subscription Level and Shareholders’ Undertakings. The Proposed Rights Issue will be undertaken based on the Minimum Subscription Level, which was determined after taking into consideration the minimum level of funds required by KFM for the purposes stated in Section 2.4 of this announcement and the total entitlements of the Company’s substantial shareholders under the Proposed Rights Issue following the Proposed Private Placement. In order to achieve the Minimum Subscription Level, the following shareholders of KFM, including the Placement Investor upon subscription of the Placement Shares, have indicated their willingness to provide irrevocable undertakings to subscribe for the Rights Shares in the following manner:- Name As at LPD After Proposed Private Placement Rights Shares Entitlements Excess Rights Shares Undertakings Maximum Rights Shares Subscription Shares/(%)1 Shares/(%)2 Shares/(%)3 Shares/(%)3 Shares/(%)3 Xxxxxx Xxx Jun Fye 9,606,000/ 9,606,000/ 24,015,000/ 3,602,000/ 27,617,000/ (14.08%) (10.83%) (10.83%) (1.62%) (12.45%) Placement Investor - 20,467,000/ 51,167,500/ 7,675,500/ 58,843,000/ (23.08%) (23.08%) (3.46%) (26.54%) Total Shareholders’ Undertakings 86,460,000/ (38.99%) ============= Notes:-
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Related to Minimum Subscription Level and Shareholders’ Undertakings

  • PROVISIONS OF THIS AGREEMENT APPLICABLE ALLOTTEE/ SUBSEQUENT ALLOTTEES It is clearly understood and so agreed by and between the Parties hereto that all the provisions contained herein and the obligations arising hereunder in respect of the said Apartment/ Plot and the Project shall equally be applicable to and enforceable against and by any subsequent Allottee of the Apartment/ Plot, in case of a transfer, as the said obligations go along with the Apartment/ Plot for all intents and purposes.

  • PROVISIONS OF THIS AGREEMENT APPLICABLE ON ALLOTTEE / SUBSEQUENT ALLOTTEES It is clearly understood and so agreed by and between the Parties hereto that all the provisions contained herein and the obligations arising hereunder in respect of the Project shall equally be applicable to and enforceable against any subsequent Allottees of the [Apartment/Plot], in case of a transfer, as the said obligations go along with the [Apartment/Plot] for all intents and purposes.

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  • REASONS FOR AND BENEFITS OF THE TRANSACTION The Group is principally engaged in the development, sale, lease, investment and management of properties in the PRC and the sales of electronic and electrical related products and sales of building related materials and equipment. Each of the Merchants Nanjing and Nanjing Changmao would benefit from the cooperation in order to exert their strengths, grasp market opportunities and enhance their investment portfolio in the property market in the PRC, which would improve the capital efficiency and effectiveness, reduce the investment risks and thus a greater return could be created for the Shareholders. The terms of the Cooperation Agreement have been arrived at after arm’s length negotiations between the parties. The Directors (including the independent non-executive Directors) have confirmed that the Acquisition and the terms of the Cooperation Agreement (including the financing and profit distribution arrangements) and the transactions contemplated thereunder are fair and reasonable, on normal commercial terms and in the interests of the Company and its Shareholders as a whole.

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