Examples of 1Globe in a sentence
During the meeting, 1Globe indicated that it had not yet decided whether to join the Buyer Consortium or the Sinobioway Consortium or pursue other options.
On October 17, 2017, the Special Committee held a conference call with Weil to discuss the email from 1Globe and the Buyer Consortium’s response to the Special Committee’s request for its consent to contact 1Globe.
Shares Beneficially Owned Number % Directors and Executive Officers: Weidong Yin 6,124,500 10.66 Simon Anderson 70,000 * Yuk Lam Lo 70,000 * Kenneth Lee 20,000 * Meng Mei 20,000 * Nan Wang 150,000 * Ming Xia 96,500 * Qiang Gao 70,000 * Jing Li 67,500 * Principal Shareholders: SAIF Partners IV(1) 10,780,820 18.77 1Globe Capital LLC(2) 9,353,092 16.28 Wellington Management Company LLP(3) 5,521,262 9.61 Chiang Li Family(4) 3,459,763 6.02 Samuel D.
Since the end of October 2017, the Buyer Consortium had requested, on various occasions, written confirmation from 1Globe and the Chiang Li Family regarding their intention to participate in, and the amount of Shares they would roll over in connection with, the Proposed Transaction.
Later on the same day, at the direction of the Special Committee, Weil contacted K&E and requested that the Buyer Consortium provide additional evidence of the creditworthiness of its financing sources and documentary support for its financing of the Proposed Transaction, including a detailed description of its sources and uses of financing in the event 1Globe and the Chiang Li Family decided not to join the Buyer Consortium.
During the call, Weil reported to the Special Committee that the Buyer Consortium had confirmed that (a) it would finance the Proposed Transaction solely with rollover Shares from its members and committed equity financing in the form of offshore U.S. dollars from Advantech, C-Bridge and Vivo Capital and (b) Advantech, C-Bridge and Vivo Capital would, collectively, fund any shortfall resulting from a decision by 1Globe and the Chiang Li Family not to join the Buyer Consortium as rollover shareholders.
Later on the same day, Weil, at the direction of the Special Committee, contacted K&E and requested, in accordance with the terms of the Amalgamation Agreement, the Buyer Consortium’s consent to a meeting between the Special Committee and 1Globe to clarify 1Globe’s position with respect to the Transactions, including the Amalgamation, and the status of its discussions with the Buyer Consortium and the Sinobioway Consortium.
During the conference call, Lazard stated that (a) the Buyer Consortium expected to complete its due diligence process shortly and that the amount of rollover Shares from the members of the Buyer Consortium that were existing shareholders of the Company had not been finalized yet (including whether 1Globe and the Chiang Li Family would join the Buyer Consortium) and (b) the Buyer Consortium’s offer price of US$6.18 per share would provide superior value to the Company’s shareholders.
On March 14, 2017, Mr. Mei and a representative of Weil met in person in Beijing with representatives of 1Globe to discuss 1Globe’s views on the transactions proposed by the Buyer Consortium and the Sinobioway Consortium.
Mr. Yin confirmed that representatives of the Buyer Consortium and 1Globe would meet in the near future and the Buyer Consortium would consent to the Special Committee contacting and meeting with 1Globe after such meeting.