Teamsun definition
Examples of Teamsun in a sentence
Therefore, Teamsun is a controlling shareholder and a connected person of the Company.
As at the date of this announcement, Teamsun is indirectly interested in approximately 67.66% of the Shares in the Company.
In accordance with Rule 26.1 of the Takeovers Code, Teamsun will be required to make the General Offer for all the issued Shares (other than those Shares already owned by or agreed to be acquired by Teamsun or parties acting in concert with it) and to make a comparable offer for all the Options in compliance with Rule 13 of the Takeovers Code upon Completion.
It is also agreed that ASH Group shall supply and Teamsun Group shall purchase the Products of ASH Group as and when reasonably requested by Teamsun Group.
The Group may purchase Products from Teamsun Group for its customers in the PRC and the Group may sell its Products to Teamsun Group for their customers in Hong Kong, Southeast Asia, Europe and the United States.
At the same time, ASH Group may introduce ASH Customer(s) and/or refer potential Business Transaction(s) with ASH Customer(s) to Teamsun Group from time to time.
As at the date of this announcement, Teamsun and its associates are in aggregate holding 203,532,996 Shares, representing approximately 65.4% of the total issued share capital of the Company.
In addition, a Teamsun Referral Fee of 20% of the Agreed Profit shall be paid by ASH Group to Teamsun Group whenever a Business Transaction is entered into by ASH Group with a Teamsun Customer which was referred to ASH Group by Teamsun Group.
Through the Shares Purchase and the General Offer, Beijing Teamsun can fully reach out to the Company’s strong customer base in Hong Kong and the Southeast Asia.
Furthermore, the Directors believe that the cooperation between the Group and Teamsun Group would allow the realisation of substantial benefits, particularly in areas among others, convenience, support and marketing of the Group’s products and services.