Common Contracts
1 similar null contracts
ContractNovember 8th, 2007
In connection with the enhancement of our overall competitiveness and Shareholders’ value, on March 26, 2007, we entered into an agreement with Baring and IFC whereby they became our shareholders by way of the subscription of 50,000,000 Preferred Shares and 25,000,000 Preferred Shares in our Company, respectively. On July 31, 2007, all of these Preferred Shares were converted into ordinary shares of the Company on a one to one basis and all rights attached to the Preferred Shares lapsed upon such conversion. Baring and IFC had been in close contact with our Company prior to their investments in the Preferred Shares, and Baring had previously granted our Company term loan facilities prior to the subscription of the Preferred Shares. Both Baring and IFC are internationally well-established institutions engaged in private equity investments with substantial experience and knowledge in both corporate governance as well as expertise in financial and business decision making. In addition, th
