Examples of Existing Shareholders in a sentence
Subject equity interest Conditions for the Share Purchase Agreement taking effect : CRWH agreed to purchase, and the Existing Shareholders agreed to sell, an aggregate of 50.58% of the total equity interest of the Target Company (upon the Capital Increase Completion), among which 38.156% and 12.424% will be transferred by Hubei Yihua and Yichang Caiyuan respectively.
Date : 25 October 2022 (after trading hours) Parties : (1) CRWH; (2) The Existing Shareholders (namely Yichang Caiyuan and Hubei Yihua); (3) Yichang Investment; and (4) The Target Company.
The Existing Shareholders or Yichang Investment are not allowed to transfer its equity interest in the Target Company directly or indirectly to the competitors of the Target Company and/or any other third party engaged in alcohol business.
Notwithstanding the foregoing, Existing Shareholders shall be entitled to continue to hold their Existing Shares in accordance with the terms of this Plan, subject to the Common Share Consolidation.
It was determined after arm’s length negotiation between the Company and the Existing Shareholders after considering the contractual obligations of the Existing Shareholders under the Agreements including representations, warranties and specific performance such as release of guarantees of loan and completion of administrative registration.