Internal Reorganisation definition

Internal Reorganisation means where immediately after a change of Control of the Company, all or substantially all of the share capital of the acquiring company is owned directly or indirectly by the persons who were shareholders in the Company immediately before the change of Control;

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Internal Reorganisation means any compromise, arrangement or offer (including any Specified Event) which, in the reasonable opinion of the Board, having regard to the shareholdings in the Company and any acquiring company before and after the compromise, arrangement or offer and/or the consideration given for the acquisition of the Shares and/or any other matter which it considers relevant, is in the nature of an internal reorganisation or reconstruction of the Company;

Internal Reorganisation means any compromise, arrangement or offer (including any Specified Event) after which, in the reasonable opinion of the Board, Control of the Company remains substantially in the hands of the same person(s) as beforehand;

Examples of Internal Reorganisation in a sentence

The entry into of the Supplemental Sale and Purchase Agreement enables the parties to have sufficient time to satisfy or fulfil the conditions under the Sale and Purchase Agreement, and to have more detailed steps plan with more clarity in implementing the Internal Reorganisation and satisfying the conditions under the Sale and Purchase Agreement.
It has been identified as the holding company to the restructured SMHB group pursuant to the SMHB Group Internal Reorganisation.
The Internal Reorganisation will not have any material effect on the Company’s issued and paid-up share capital, consolidated net assets (“NA”) and gearing, consolidated earnings and substantial shareholders’ shareholdings.
Pursuant to the Supplemental Sale and Purchase Agreement, the parties further agreed that, among other things, the shareholder’s loan provided by ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ to Xinjiang Pu ▇▇▇ ▇▇▇▇▇ Da will be converted to share capital of Xinjiang Pu ▇▇▇ ▇▇▇▇▇ ▇▇ as permitted under the applicable laws and as part of the Internal Reorganisation, in order to satisfy the condition under the Sale and Purchase Agreement (i.e. condition (i) as disclosed in the Circular).
With respect to the Internal Reorganisation, under the Sale and Purchase Agreement, (i) the Vendor would incorporate the Target as a wholly owned subsidiary in the British Virgin Islands and procure that the Target shall establish the Hong Kong Holding Company as a wholly owned subsidiary in Hong Kong before the Transfer Date; and (ii) the Vendor would procure Jiangxi Shunfeng to transfer 100% equity interest in Xinjiang Pu ▇▇▇ ▇▇▇▇▇ Da to the Hong Kong Holding Company before the Transfer Date.

More Definitions of Internal Reorganisation

Internal Reorganisation means an event contemplated by sub-rule (1) of Rule 6 the result of which is that the Bank will be under the Control of another company or the business of the Bank is carried on by another company and the persons who owned the shares in the Bank immediately before the change of Control will immediately afterwards own more than 75% of the shares in that other company;

Internal Reorganisation means a reorganisation of the structure of the Company and its Subsidiaries (or all or substantially all of the business, assets and undertakings of the Company and its Subsidiaries), such that the ultimate beneficial ownership of the Company and its Subsidiaries (or all or substantially all of the business, assets and undertakings of the Company and its Subsidiaries) does not change;

Internal Reorganisation any compromise, arrangement or offer which, in the reasonable opinion of the Board, having regard to the shareholdings in the Company and any acquiring company before and after the compromise, arrangement or offer and/or the consideration given for the acquisition of the JSOP Shares and/or any other matter which it considers relevant, is in the nature of an internal reorganisation or reconstruction of the Company;

Internal Reorganisation means any event, scheme or arrangement whereby an Acquiring Company obtains Control of the Company and immediately afterwards all or substantially all of the issued equity share capital of the Acquiring Company is owned directly or indirectly by persons who had Control of the Company immediately prior to such event, scheme or arrangement;

Internal Reorganisation means any transaction(s) which result in a change of Control of the Company but where immediately after such change of Control all or substantially all of the Shares in the Acquiring Company are held by persons who were shareholders in the Company immediately prior to the change of Control of the Company

Internal Reorganisation means any event, offer, scheme, share purchase, merger or arrangement whereby:

Internal Reorganisation has the meaning ascribed to i t in the section headed “ Internal Reorganisation”