SCBSL definition
Examples of SCBSL in a sentence
On 26 March 2020, SCBSL also entered into the Shareholders’ Agreement between CCH, the Temasek SPVs and the Other Transaction Parties.
Under the Investment Agreement, SCBSL (i) agreed to swap its existing shares in CCPL for Shares in CCH at a 1:1 exchange ratio and (ii) committed to contribute additional funds to CCH up to a total amount of US$43,438,824 by way of subscription for Shares as and when called by CCH within the Commitment Period at a price of US$1.6775 per Share.
Pursuant to Chapter 14A of the Listing Rules, the entry into the Investment Agreement and the Shareholders’ Agreement between SCBSL, CCH, the Temasek SPVs and the Other Transaction Parties constitutes a connected transaction for Standard Chartered.
On 26 March 2020, SCBSL entered into the Investment Agreement with CCH, the Temasek SPVs and the Other Transaction Parties.