Common Contracts
1 similar Agreement contracts
AMENDMENT AGREEMENT RELATING TOAgreement • October 23rd, 2008
On 22 October 2008, the Vendor, the Company and the Purchaser entered into the Amendment Agreement to vary certain original terms and conditions of the Agreement including, among other things, the percentage of equity interest in Moral High being sold shall be 95% and the Revised Net Consideration shall be RMB536.7 million (equivalent to approximately HK$601.1 million). As stipulated in the Agreement, the original Net Consideration is subject to a number of downward adjustments arising from, among other things, the minimum number of car parking spaces and the minimum certified gross floor area of the Property Project. The Revised Net Consideration has been primarily arrived at after incorporating certain downward adjustments, and hence, these certain downward adjustments are taken out from the terms of the Disposal. Closing of the Disposal shall take place on or before 31 October 2008.
