Examples of Spinoff in a sentence
There will not be any offering of new C&D Property Shares to the public under the Proposed Spin-off.
As the Proposed Spin-off is conditional upon, among other things, the approval of the Listing Committee, the final decision of the Board and the board of the C&D Property, market and other considerations, the Proposed Spin-off may or may not materialise.
The Application Proof contains, among other things, certain business and financial information relating to the Spin-off Group.
As the Proposed Spin-off will be implemented by way of distribution in specie of the C&D Property Shares alone, the Proposed Spin-off will not constitute a transaction for the Company under Chapter 14 of the Listing Rules and accordingly, there will be no requirement for the Company to comply with the shareholders’ approval requirements under Chapter 14 of the Listing Rules.
The Company will make further announcement(s) in relation to the Proposed Spin-off as and when appropriate.