Haitong definition
Examples of Haitong in a sentence
The Offeror has appointed Haitong International as its financial adviser in connection with the Proposal.
After this round of capital increase, on the basis of considering Haitong capital increase, Anxin capital increase, Sunrise capital increase as well as the completion of equity financing of other two investors and not considering the subsequent equity financing, Party A holds a total of 0.0135% equities of the Target Company.
The after-investment valuation is USD 673 million (including USD 22.5 million corresponding to Haitong capital increase and USD 24 million corresponding to Anxin capital increase, USD 1 million corresponding to Sunrise capital increase and USD 1.409258 million corresponding to equity financing of other two investors ).
Except for the consent and/or waiver of Haitong as required under the documents in relation to the Concurrent Financing, which will be obtained prior to the First Closing, all actions on the part of Issuer Parties necessary for the authorization, allotment, issuance and delivery of the Notes has been taken or shall be taken prior to the Closing.
Issuer Parties shall cause the Proceeds to be used in strict compliance with this Section 2.4. Pursuant to the foregoing paragraph, US$14,000,000 out of the Proceeds from the First Closing shall be used to repay the Concurrent Financing, the number of Haitong Shares to be released from the Haitong Share Charge shall be equal to the number of the Solar Shares.
In the event that any Proceeds from the Final Closing are to be used to repay any outstanding portion of the Concurrent Financing, Issuer Parties and Investor shall negotiate with Haitong and agree to the release of certain number of the Haitong Shares from the Haitong Share Charge that are acceptable to Investor, Haitong and Issuer.
For the avoidance of doubt, if the Company fails to deliver the Redemption Reminder Notice to the Haitong Shareholders upon the occurrence of a Haitong Redemption Event, a Haitong Shareholder will not be time-barred by the aforesaid 3 months’ notice and it may deliver the Redemption Notice to the Company to request the Company to redeem all of its Ordinary Shares at any time after the Haitong Redemption Event occurs.
Each Covenantor shall cause each Group Company to permit each Preferred Shareholder, Haitong or their respective duly designated representatives at their own cost, to visit and inspect the relevant Group Company, and to examine the facilities, books of account and other records of the Group Company, and to discuss the businesses, operations and conditions of the Group Company with the counsels, officers, employees and independent accountants of such entities.
Further, Haitong’s Information and Inspection Rights set forth in Section 2.8, Haitong’s oversubscription right under the Preemptive Rights set forth in Section 3, and Haitong’s Right of First Refusal and Right of Co-Sale set forth in Sections 4.2, shall terminate in the event that Haitong collectively hold less than 5% of the total outstanding Equity Securities of the Company (on an as converted basis).
As the highest applicable ratio of the Finance Lease Arrangement (Haitong) exceeds 25% but is less than 100%, the Finance Lease Arrangement (Haitong) constitutes a major transaction for the Company and therefore shall subject to the reporting, announcement and Shareholders’ approval requirements under Chapter 14 of the Listing Rules.