THE EQUITY TRANSFER AGREEMENT. On 22 December 2016, the Vendors, the Purchaser and the Project Company entered into the Equity Transfer Agreement, pursuant to which the Purchaser agreed to acquire, and the Vendors agreed to dispose of, the entire equity interest in the Project Company. The material terms of the Equity Transfer Agreement are as follows: Date
THE EQUITY TRANSFER AGREEMENT. On 18 June 2020, the Company as vendor and Tianjin Food as purchaser entered into the Equity Transfer Agreement, pursuant to which the Company conditionally agreed to sell and Tianjin Food conditionally agreed to purchase the Sale Interest, representing the entire equity interest in Heavenly Palace. Set out below is a summary of the principal terms of the Equity Transfer Agreement. Date
THE EQUITY TRANSFER AGREEMENT. The principal terms of the Equity Transfer Agreement are set out below: Date 14 April 2023 Parties The Seller and Qinhuangdao Arirang Subject matter The Seller agrees to transfer the Sale Interests, being 30% of the equity interests in the Project Company, to Qinhuangdao Arirang for a consideration of USD1.2 million. The consideration shall be settled by Qinhuangdao Arirang within fifteen days after the date of the Equity Transfer Agreement (which shall be converted into RMB at the foreign exchange rate on the day of payment and paid to the account designated by the Seller). Further details of the consideration for the Disposal are set out in the sub-section headed “Consideration for the Disposal” under the section headed “2. The Cooperation Agreement” of this announcement.
THE EQUITY TRANSFER AGREEMENT. On 28 December 2017, BENE and the Purchaser entered into the Equity Transfer Agreement pursuant to which the Purchaser agreed to acquire, and BENE agreed to dispose of, the entire equity interest in the Target Company. The material terms of the Equity Transfer Agreement are as follows: Date
THE EQUITY TRANSFER AGREEMENT. On 20 September 2019 (after the trading hours of the Stock Exchange), the Purchaser, an indirect wholly-owned subsidiary of the Company, entered into the Equity Transfer Agreement with the Vendor, the principal terms of which are set out below: Date 20 September 2019 Parties
THE EQUITY TRANSFER AGREEMENT. On 23 June 2016, the Owner and the Subsidiary Nominee entered into the Equity Transfer Agreement pursuant to which the Owner agreed to dispose of, and the Subsidiary Nominee agreed to acquire, the entire equity interest in the Project Company. Upon completion of the Equity Transfer, the Project Company will become a subsidiary of the Company and its financial results will be consolidated into the financial results of the Group. IMPLICATIONS UNDER THE LISTING RULES As one or more of the applicable ratios set out in Rule 14.07 of the Listing Rules in respect of the Equity Transfer Agreement and the transactions contemplated therein, when aggregated with that of the Cooperation Framework Agreement, the Supplemental Agreement, the Debt Settlement Agreement, and the transactions contemplated therein pursuant to Rule 14.22 of the Listing Rules, are more than 5% but below 25%, the entering into of the Equity Transfer Agreement and the transactions contemplated therein constitute a discloseable transaction of the Company under Chapter 14 of the Listing Rules and is therefore subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.
THE EQUITY TRANSFER AGREEMENT. On 23 June 2016, the Owner and the Subsidiary Nominee entered into the Equity Transfer Agreement pursuant to which the Owner agreed to dispose of, and the Subsidiary Nominee agreed to acquire, the entire equity interest in the Project Company. The material terms of the Equity Transfer Agreement are as follows. Date
THE EQUITY TRANSFER AGREEMENT. On 10 January 2018, the Purchaser (a wholly-owned subsidiary of the Company), the First Vendor and the Second Vendor entered into the Equity Transfer Agreement. The principal terms of the Equity Transfer Agreement are as follows: Subject Matter Pursuant to the terms of the Equity Transfer Agreement, (i) the Purchaser agreed to acquire, and the First Vendor agreed to dispose of, 12.5% equity interest in the Target Company for nil consideration; and (ii) the Purchaser agreed to acquire, and the Second Vendor agreed to dispose of, 7.5% equity interest in the Target Company for nil consideration. The nil consideration of the Equity Transfer was determined after arm’s length negotiations between the Purchaser, the First Vendor and the Second Vendor with reference to, among others, (i) as at the date of this announcement, no capital contribution has been made by the First Vendor and the Second Vendor in respect of the 12.5% and 7.5% equity interests in the Target Company to be transferred to the Purchaser respectively; (ii) the net asset value of the Target Company of approximately RMB186 million based on the unaudited financial information of the Target Company as at 30 November 2017; and (iii) the financial condition and the future prospects of the Target Company. Registered Capital of the Target Company The registered capital (the “Registered Capital”) of the Target Company was RMB720,000,000, which was determined after arm’s length negotiations between the Purchaser and other shareholders of the Target Company with reference to the funding requirement of the wind power-related projects to be invested by the Target Company. As disclosed in the Company’s announcement dated 28 December 2017, the Target Company agreed to acquire the entire equity interest in Changdu Beikong (the “Changdu Acquisition”), which owns the entire equity interest in the Project Company and certain subsidiaries which have not commenced any business operation. The Project Company is principally engaged in the investment, development and operation of the Project. As at 30 November 2017, the unaudited consolidated total liabilities less current assets (i.e. the unaudited consolidated non-current assets) of Changdu Beikong amounted to approximately RMB476 million. Upon completion of the Changdu Acquisition, part of the net proceeds in respect of the Registered Capital will be used to settle (1) certain liabilities of Xxxxxxx Xxxxxxx; and (2) the consideration for the acquisition of Changdu ...
THE EQUITY TRANSFER AGREEMENT. On 26 August 2021, Xxxxxxx Xxx Xxxx entered into the Equity Transfer Agreement with Xxxxxxx Xxxxxx, pursuant to which Xxxxxxx Xxx Xxxx agreed to sell and Xxxxxxx Xxxxxx agreed to acquire 78.45% equity interest in Tianjin Tianduan, subject to the terms and conditions of the Equity Transfer Agreement. Set out below is a summary of the principal terms of the Equity Transfer Agreement. Date 26 August 2021 Parties
THE EQUITY TRANSFER AGREEMENT. The principal terms of the Equity Transfer Agreement are set out below. Date 2 March 2018 Parties
