Examples of Resumption Proposal in a sentence
On 1 April 2011, the Stock Exchange informed the Company that it was allowed to proceed with the Resumption Proposal, subject to prior compliance with the conditions to the satisfaction of the Listing Division within six months from the date of the Stock Exchange’s letter.
A new listing application relating to the Resumption Proposal was submitted to the Stock Exchange on 28 February 2019.
The foundation of the Resumption Proposal was a restructuring agreement which includes the proposed acquisition by the Company of a target group of companies with a focus on the leasing of the residential, commercial, retail and hotel properties in prime areas located in Hong Kong and Taiwan (the “Target Group”).
Given the time constraints, the Company was unable to submit the Resumption Proposal by 11 September 2009 and the Company was placed into the second stage of the delisting procedures in accordance with Practice Note 17 to the Listing Rules on 18 September 2009.
The Company, with the assistance of Asian Capital and the Investor, are in the course of preparing the Resumption Proposal, and which will be submitted to the Stock Exchange as soon as practicable.
The Updated Resumption Proposal consolidates the Resumption Proposal and subsequent submissions made by the Company to the Stock Exchange, to reflect the terms of the Restructuring Agreement as amended from time to time in implementing the Restructuring Proposal.
On 5 November 2010, the Listing Committee of the Stock Exchange (the “Listing Committee”) rejected the Resumption Proposal.
The rate of interest from the date of completion of all the transactions contemplated under the Resumption Proposal to the maturity date shall be on a rate of 2% plus the aforesaid base interest rate.
The Listing Committee considered that the Resumption Proposal had not satisfactorily demonstrated sufficiency of operation or assets as required under Rule 13.24 of the Listing Rules.
The other athletes will receive their medals later through the TIC.