Transfer Price and Payment Method. 1.1 Party A holds 100% of the equity interests of the Target Company, and agrees to transfer 60% of the equity interests of the Target Company held by Party A (the “Transferred Equity Interests”) to Party B for consideration of RMB 42,000,000 (the “Consideration”), and Party B agrees to acquire the Transferred Equity Interests from Party A for the Consideration. 1.2 Party A and Party B mutually agree that Party B shall pay the Consideration in cash.
Appears in 2 contracts
Sources: Equity Interests Transfer Agreement (Sinocoking Coal & Coke Chemical Industries, Inc.), Equity Interests Transfer Agreement (Sinocoking Coal & Coke Chemical Industries, Inc.)
Transfer Price and Payment Method. 1.1 Party A holds 100% of the equity interests of the Target Company, and agrees to transfer 60100% of the equity interests of the Target Company held by Party A (the “Transferred Equity Interests”) to Party B for consideration of RMB 42,000,000 (the “Consideration”), and Party B agrees to acquire the Transferred Equity Interests from Party A for the Consideration.
1.2 Party A and Party B mutually agree that Party B shall pay the Consideration in cash.
Appears in 1 contract
Sources: Equity Interests Transfer Agreement (Sinocoking Coal & Coke Chemical Industries, Inc.)