Indicative Valuation definition
Indicative Valuation has the meaning given in Clause 27.2.1; “Insolvency Event” in relation to the Company or a Shareholder means:
Indicative Valuation means S$16.20 million which is equivalent to 90% of the valuation of SIS based on 6 times of the Indicative Profit.
Examples of Indicative Valuation in a sentence
After evaluating the Land Resumption Agreements, taking into consideration the Indicative Valuation of Zhonggu Factories and other compensations as stipulated in the Land Resumption Agreements, the Directors (including the independent non-executive Directors) considered that the cash proceeds from the Land Resumption could provide additional cash flow and enhance the working capital situation of the Group.