Examples of Potential Underwriter in a sentence
The Company will negotiate and procure to enter into the relevant formal agreements with the Potential Subscriber and the Potential Underwriter (the Company, the Potential Subscriber and the Potential Underwriter are collectively referred to as the “Parties” hereinafter) within 90 days (or such other date as may be agreed by the Parties in writing) from the date of the MOU.
The Potential Underwriter is a corporation licensed under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) to perform types 1 (dealing in securities), 4 (advising on securities), 6 (advising on corporate finance) and 9 (asset management) of the regulated activities (as defined under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)).
Shareholders and potential investors of the Company should note that the MOU only sets out the intention of the Company, the Potential Subscriber and the Potential Underwriter, in relation to, among other things, the Subscription and the Open Offer.
Upon various discussions in relation to a possible restructuring plan of the Company, the Potential Subscriber and the Potential Underwriter intend to assist and/or invest in the Company so as to achieve a holistic restructuring of the liabilities of the Group.
To the best of the knowledge, information and belief of the Directors and having made all reasonable enquiries, the Potential Underwriter and its ultimate beneficial owner are third parties independent of the Company and its connected persons.
Nevertheless, on 30 November 2020, the Potential Subscriber and AMC Wanhai Securities Limited as a Potential Underwriter continued the restructuring by entering into a replacement term sheet in relation to the proposed restructuring plan consists of, inter alia, (i) capital restructuring; (ii) share subscription; (iii) proposed open offer; and (iv) creditors’ schemes of arrangement.
However, the Potential Underwriter is still interested in support of a possible restructuring plan and may facilitate the Group in its business development for resumption.