THE SUPPLEMENTAL AGREEMENT. On 22 December 2016 (after the trading hours of the Stock Exchange), the Vendors and the Purchaser entered into a supplemental agreement (the ‘‘Supplemental Agreement’’), pursuant to which the Vendors and the Purchaser have agreed to vary certain terms of the Sale and Purchase Agreement. As at the date of this announcement immediately before the Completion, the Target Company was owned as to approximately 22.84% by Quondino, approximately 22.84% by Xx. Xxxxxx, approximately 21.82% by Juralen, approximately 6.44% by Lestan, approximately 6.44% by Xerique, approximately 0.08% by Perfero AB, approximately 4.24% by Perdidi AB (formerly known as Per Pedes AB) and approximately 15.30% by Rem Tene AB. A summary of amendments to the terms of the Sale and Purchase Agreement are set out as follows:
THE SUPPLEMENTAL AGREEMENT. As disclosed in the Announcements and the Circular, on 7 September 2021, the Company and the Subscriber entered into the Subscription Agreement pursuant to which, subject to the fulfilment of the conditions precedent, the Subscriber agreed to subscribe for and the Company agreed to issue the Convertible Bonds in an aggregate principal amount of HK$103,076,730. As further disclosed in the announcement of the Company dated 18 October 2021, the Company and the Subscriber would revisit certain terms and conditions of the Convertible Bonds. Following the re-negotiation between the Company and the Subscriber, on 22 October 2021 (after trading hours), the Company and the Subscriber entered into the Supplemental Agreement to the Subscription Agreement, pursuant to which the parties have agreed to amend the terms in relation to the maturity and redemption of the Convertible Bonds as further detailed below.
THE SUPPLEMENTAL AGREEMENT. On 27 September 2013, after trading hours, the Purchaser and the Vendor entered into a supplemental agreement (the “Supplemental Agreement”) pursuant to which the Purchaser and the Vendor agreed to revise certain terms of the Acquisition Agreement with respect to the following matters.
THE SUPPLEMENTAL AGREEMENT. The principal amendments made to the terms of the Joint Venture Agreement after the implementation of the Notices are as follows: TOTAL INVESTMENT AMOUNT The total budget investment amount of the PPP project was RMB737,847,500. REGISTERED CAPITAL AND CAPITAL CONTRIBUTION The registered capital of the JV Company was RMB184,467,500. The amount will be undertaken by the Company and the JV Partners respectively as follows: Amount of capital contribution Shareholding percentage (RMB) (%) The Company 165,836,300.00 89.9% Qinbei Construction 18,446,700.00 10% YCIH 184,500.00 0.1% Total 184,467,500.00 100% The procedure of changes in registration for the adjusted registered capital and total investment amount will be completed upon the signing of the Supplemental Agreement. The terms of the Supplemental Agreement were arrived at by the parties to the Joint Venture Agreement after arm’s length negotiations and on normal commercial terms. The Directors consider that the terms of the Supplemental Agreement are fair and reasonable and are in the interests of the Company and its shareholders as a whole. COMPLIANCE WITH THE LISTING RULES This announcement is made by the Company pursuant to Rule 14.36 of the Listing Rules, as the entering into the Supplemental Agreement constitutes variations to the terms of the transactions previously announced under the Previous Announcement. By order of the Board Yunnan Water Investment Co., Limited* Xxxx Xxx Chairman Kunming, the PRC 8 March 2019 As at the date of this announcement, the executive Directors are Xx. Xx Long (Vice-chairman) and Xx. Xxxx Fang, the non-executive Directors are Mr. Xxxx Xxx (Chairman), Ms. Xx Xx, Mr. He Yuanping, and Xx. Xxxx Zhuangzhi, and the independent non-executive Directors are Xx. Xxx Shuen Kong, Xx. Xx Song and Mr. Ma Shihao.
THE SUPPLEMENTAL AGREEMENT. Pursuant to the Agreement, the second instalment of the Assignment Consideration in the amount of HK$280,000,000 (the “Second Instalment”) shall be payable by the Subscriber to the Company on or before 31 October 2017. On 14 November 2017 (after the trading hours of the Stock Exchange), a supplemental agreement (the “Supplemental Agreement”) was entered into amongst the Company, CCT Enterprise and the Subscriber, pursuant to which the parties to the Supplemental Agreement agreed to extend the deadline for full payment of the Second Instalment from 31 October 2017 to 31 October 2018 (the “Extension”). Pursuant to the Supplemental Agreement, as from 1 November 2017, compensation will be accrued on any outstanding amount of the Second Instalment for the period from 1 November 2017 to 31 October 2018 or the date of payment of the relevant outstanding amount of the Second Instalment, whichever is earlier, at an annual rate of 3% (the “Compensation”). The aggregate Compensation shall be payable by the Subscriber to the Company on 31 October 2018 or on the date when the Second Instalment is paid in full, whichever is earlier. The Extension and the Compensation were agreed by the parties under the Supplemental Agreement after arm’s length negotiations. The Extension is not expected to have any material impact on the financial position of the Company. Save for the amendments mentioned above, all other terms and conditions of the Agreement remain unchanged and continue in full force and effect.
THE SUPPLEMENTAL AGREEMENT. The Board is pleased to announce that on 2 July 2019 (after trading hours), the Company as the purchaser and the Vendor entered into the Supplemental Agreement to amend certain terms of the Agreement. Set out below are the principal amendments to the Agreement: Payment Terms of the Consideration The payment terms of the Consideration of HK$60,000,000 is amended and under the new payment terms, the Company will settle a larger part of the Consideration by way of the issue of promissory note which is subject to downward adjustment by the profit guarantee as set out in the section headed “Profit Guarantee” below. Details of the new payment terms of Consideration are set out below:
THE SUPPLEMENTAL AGREEMENT. On 23 June 2017, the parties to the Sale and Purchase Agreement, namely, the Company and the Vendor, entered into a supplemental agreement to the Sale and Purchase Agreement (the “Supplemental Agreement”), pursuant to which the parties have agreed to certain amendments to the terms and conditions of the Sale and Purchase Agreement.
THE SUPPLEMENTAL AGREEMENT. On 22 July 2021 (after trading hours), the Vendor and the Purchaser (collectively, the “Parties”) entered into a supplemental agreement (the “Supplemental Agreement”) in relation to the transfer of 10% equity interests in the Target Company (the “Target Interests”) to amend certain terms of the Equity Transfer Agreement. Adjustment to consideration and payment terms of the Disposal Pursuant to the Supplemental Agreement, the consideration for the Disposal shall be adjusted to approximately RMB19.71 million (equivalent to approximately HK$23.65 million) (the “Adjusted Consideration”). The Adjusted Consideration shall be settled by the Purchaser in the following manner:
THE SUPPLEMENTAL AGREEMENT. Pursuant to the Third Supplemental Agreement, Loyz Oil and Carnarvon have agreed that the payment of the balance of the Post Completion Receivable Payments amounting to approximately US$31.2 million as at the date of this announcement (“Outstanding Payment”) shall be amended and paid to Carnarvon in the following manner:
THE SUPPLEMENTAL AGREEMENT. Reference is made to the announcement of Loudong General Nice Resources (China) Holdings Limited (the “Company”) dated 18 November 2009 (the “VSA Announcement”) in which the Board announced that on 9 November 2009, Abterra HK, an indirect wholly-owned subsidiary of the Company, entered into the Agreement with the Vendor in relation to the acquisition of the Sale Shares from the Vendor at a total consideration of HK$600,000,000 and other previous announcements of the Company dated 10 December 2009 and 30 April 2010 regarding delay in despatch of the circular. Definitions and terms used in section (I) of this announcement, unless the context requires otherwise, shall bear the same meanings as defined in the VSA Announcement. Upon further negotiations among the parties to the Agreement, Abterra HK and the Vendor entered into a supplemental agreement (the “Supplemental Agreement”) on 25 May 2010 to amend certain terms of the Agreement. The Supplemental Agreement Date: 25 May 2010 Parties: (i) Purchaser: Abterra HK, an indirect wholly-owned subsidiary of the Company; and