Disposal Consideration definition
Examples of Disposal Consideration in a sentence
The Disposal Consideration of HK$40 million (subject to adjustment) was determined after arm’s length negotiation between the Company and SomaFlex Holdings with reference to the unaudited net liabilities of the Disposal Group of approximately HK$49 million as at 30 September 2010 and the capitalisation of the Disposal Debt and the waiver of the Norray Debt which amounted to approximately HK$79.56 million and HK$0.44 million respectively as at 30 September 2010.
On 11 February 2015, the Company as the seller entered into the Disposal Agreement with Simply Global as the purchaser, pursuant to which the Company conditionally agreed to (i) sell to Simply Global one Disposal Share, representing the entire issued share capital of Marvel Success, and (ii) assign to the Simply Global the Disposal Loan together with all rights, interests, benefits and title therein at the Disposal Consideration.
The Disposal Consideration was arrived at based on the highest bid received by PIVCL from the bidders who had submitted their bids.
The Disposal Consideration for the Property was arrived at after taking into consideration the appraised value by PA International Property Consultants (KL) Sdn.
The Board is pleased to announce that after trading hours on 9 May 2013, Good Base, a wholly owned subsidiary of the Company, entered into the Disposal Agreement with Billion Sino, pursuant to which Good Base has conditionally agreed to sell, and Billion Sino has conditionally agreed to purchase, the Allywing Sale Share and the Allywing Sale Loan at the Disposal Consideration.
The highest percentage ratio applicable to the Proposed Disposal pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 5.61%, calculated based on the Disposal Consideration compared with the net assets of Scientex as at 31 July 2014.
Upon the execution of the SPA, a sum of RM25 million only, being the initial payment and as part payment of the Disposal Consideration shall be paid by the Purchaser to the Vendor and simultaneously the Vendor shall provide a letter of confirmation and acknowledgement receipt of the same.
Taking into account the above-mentioned, the Directors (excluding the independent non- executive Directors) consider that the Disposal Consideration is fair and reasonable and on normal commercial terms or better and the entering into of the Assignment Agreement is in the interests of the Company and the Shareholders as a whole.
If this Agreement is terminated pursuant to subsection (i), (iii) or (vi) of Section 4(a), Employee's right to his Base Salary, Performance Bonuses for all periods after termination and benefits shall terminate on the effective date of termination, except as may otherwise be required by applicable law; provided that any amounts owed to Employee on that date for Base Salary and Performance Bonuses shall be paid to Employee within thirty (30) days of termination.
Accelerate does not expect a material deviation between the preliminary Disposal Consideration and the final Disposal Consideration given the contractual nature of APFE’s net rental revenue.