THE SALE AND PURCHASE AGREEMENT. The principal terms of the Sale and Purchase Agreement are set out below:
THE SALE AND PURCHASE AGREEMENT. The principal terms of the Sale and Purchase Agreement are set out as follows: DATE OF THE AGREEMENT 14 June 2018 PARTIES
THE SALE AND PURCHASE AGREEMENT. The principal terms of the Sale and Purchase Agreement are set out below: Date : 11 August 2021 (after trading hours)
THE SALE AND PURCHASE AGREEMENT. Date 7 April 2014 Parties
THE SALE AND PURCHASE AGREEMENT. On 11 October 2013, Leader Construction (a wholly-owned subsidiary of the Company) entered into the Sale and Purchase Agreement for the purchase of the Sale Shares by Leader Construction from Talent Ground. Completion took place immediately after the signing of the Sale and Purchase Agreement, whereupon Champ Foundation became a wholly-owned subsidiary of the Company. The principal terms of the Sale and Purchase Agreement are set out below: 1 Date: 11 October 2013 Purchaser: Leader Construction Vendor: Talent Ground Assets being sold: Sale Shares representing 49% of the total issued share capital of Champ Foundation Consideration: HK$11,760,000, payable in cash on Completion The terms of the Sale and Purchase Agreement were arrived at after arm’s length negotiations between the parties. The Board believes that the terms of the Sale and Purchase Agreement are fair and reasonable and in the interests of the Company and the Shareholders as a whole. The consideration was determined by reference to the net asset value of Champ Foundation and potential synergetic effect on existing construction business. No independent valuation has been performed on Champ Foundation. The unaudited net asset value of Champ Foundation as at 31 August 2013 was HK$23,700,000. The audited net profits (losses) before and after taxation and extraordinary items attributable to owners of Champ Foundation for the financial years ended 31 December 2011 and 31 December 2012 were as follows: Financial year ended 31 December 2011 HK$ Financial year ended 31 December 2012 HK$ Net profits (losses) before taxation and extraordinary items attributable to owners of Champ Foundation 4,040,000 (293,000) Net profits (losses) after taxation and extraordinary items attributable to owners of Champ Foundation 3,370,000 (244,000)
THE SALE AND PURCHASE AGREEMENT. The Board of Directors announced that after the trading hours of 13 April 2011, the Company entered into the Sale and Purchase Agreement with the Purchaser pursuant to which the Company agreed to sell and the Purchaser agreed to purchase the entire issued share capital together with the Sale Loan of Xxxx Industries at a consideration of HK$1,500,000.
THE SALE AND PURCHASE AGREEMENT. On 26 March 2004, the Offeror entered into a sale and purchase agreement with Kuwait Investment Office for the acquisition of the Sale Shares details of which are as follows: Holdings of the Offeror Parties in Company Securities before and after Completion Offeror Parties hold, and will hold, the following Company Securities as at the date of this announcement and immediately following Completion. Seller: Kuwait Investment Office. Type of Company Number of Company Securities (percentage of Buyer: Guoline Overseas Limited. Equity derivatives 1,433,848 (0.44%) 1,433,848 (0.44%) The Sale Shares will be acquired free from all liens, charges, encumbrances, equities and MPI (BVI) Limited (Note 1) Ordinary Shares 327,575 (0.10%) 327,575 (0.10%) adverse interests and with all rights attached or accruing thereto at date of Completion Inala Group Limited (Note 2) Ordinary Shares 2,261,862 (0.69%) 2,261,862 (0.69%) excluding the right to receive the Interim Dividend. Quek Xxxx Xxxx (Note 3) Ordinary Shares 1,656,325 (0.50%) 1,656,325 (0.50%) Sale Shares: 71,172,395 Ordinary Shares, representing approximately 21.63% of the entire issued share capital of the Company as at the date of this announcement. Name Security issued share capital) Before Completion After Completion Offeror Ordinary Shares 137,046,740 (41.65%) 208,219,135 (63.28%) Kwek Lay Kuan (Note 4) Ordinary Shares 70,000 (0.02%) 70,000 (0.02%) Completion: It is expected that completion of the Sale and Purchase Agreement will take place on 6 April Quek Leng Chye (Note 5) Ordinary Shares 16,822 (0.01%) 16,822 (0.01%) 2004. There are no conditions to completion of the Sale and Purchase Agreement. Hong Xxxxx (Netherlands Antilles) N.V. (Note 6) Equity derivatives 7,320,359 (2.22%) 7,320,359 (2.22%) Xxxx Xxxx Hai (Note 3) Ordinary Shares 2,820,775 (0.86%) 2,820,775(0.86%) Xxxx Xxxx San (Note 3) Ordinary Shares 209,120 (0.06%) 209,120 (0.06%) Consideration: HK$4,127,998,910 (equivalent to HK$58 per Sale Share), which was negotiated and determined on an arm’s length basis between Kuwait Investment Office and the Offeror. The purchase price of HK$58 per Ordinary Share represents a discount of approximately 5.7% to the closing price of HK$61.50 per Ordinary Share as quoted on the Stock Exchange on 25 March 2004, being the last trading day prior to the date of this announcement. The consideration amounts to HK$4,127,998,910 and will be paid in cash by the Offeror on Completion. In addition to the HK$58 per Sale Share ...
THE SALE AND PURCHASE AGREEMENT. Reference is made to the announcements of the Company dated 11 May 2017, 9 August 2017 and 9 November 2017 in relation to the entering into of the MOU, extension and further extension of the expiry date of the MOU, respectively. The Board announces that on 30 November 2017, the Purchaser, a wholly-owned subsidiary of the Company entered into the Sale and Purchase Agreement with the Vendor, pursuant to which the Purchaser conditionally agreed to acquire, and the Vendor conditionally agreed to sell, the Sale Shares, representing 100% of the issued share capital of the Target Company for a consideration of HK$50,000,000. The principal terms of the Sale and Purchase Agreement are summarized as follows: Date 30 November 2017 Parties The Purchaser: Swissmount Holdings Limited, a direct wholly-owned subsidiary of the Company The Vendor: Mr. Xxx Xxx Xxxx, a director and a substantial shareholder of the Company The Target Company: Top Win International Trading Limited, which is wholly-owned by the Vendor Subject Matter Pursuant to the Sale and Purchase Agreement, the Purchaser has conditionally agreed to acquire, and the Vendor has conditionally agreed to sell, the Sale Shares, representing 100% of the total issued share capital of the Target Company as of the date of this announcement. As at the date of this announcement, the entire issued share capital of the Target Company is directly held by the Vendor. Immediately upon Completion, the total issued share capital of the Target Company will be wholly-owned by the Purchaser. Therefore, the financial results of the Target Company will be consolidated into the financial statements of the Group.
THE SALE AND PURCHASE AGREEMENT. On 29 November 2019, Zhejiang Jinyuan, an indirectly wholly-owned subsidiary of the Company, entered into the Sale and Purchase Agreement with Kingdom Creative, pursuant to which Zhejiang Jinyuan agreed to acquire and Kingdom Creative agreed to sell the Property at a consideration of RMB50,000,000 (equivalent to approximately HK$55,029,716).
THE SALE AND PURCHASE AGREEMENT. On 1 November 2022 (after trading hours), CSCII (a direct wholly-owned subsidiary of CSC) (as vendor) and GWAP (an indirect wholly-owned subsidiary of COGO) (as purchaser) entered into the Sale and Purchase Agreement for the sale and purchase of the Sale Interest following a public tender process in the CBEX. The principal terms of the Sale and Purchase Agreement are summarised as follows: Date
