Determination of Offer Price. The Company and the Sole Global Coordinator (acting in such capacity and on behalf of the Hong Kong Underwriters) shall meet or otherwise communicate as soon as reasonably practicable, after the book-building process in respect of the International Offering has been completed, with a view to agreeing the price at which the Offer Shares will be offered pursuant to the Global Offering. If the Company and the Sole Global Coordinator (acting in such capacity and on behalf of the Hong Kong Underwriters) reach agreement on the price on the Price Determination Date, then such agreed price shall represent the Offer Price for the purposes of the Global Offering and for this Agreement and the parties shall record the agreed price by executing the Price Determination Agreement. If no such agreement is reached and the Price Determination Agreement is not signed by 11:59 p.m. on 30 June 2022 and no extension is granted by the Sole Global Coordinator pursuant to Clause 2.3, the provisions of Clause 2.4 shall apply.
Determination of Offer Price. 5.2.1 After the Initial Period, the Offer Price shall be calculated and announced by the Management Company on daily basis.
Determination of Offer Price. 15.1 After the Initial Period the Offer Price shall be calculated and announced by the Management Company on a daily or weekly basis, as may be determined by the Management Company from time to time.
Determination of Offer Price. The price at which the Hong Kong Public Offering Shares are to be issued under the Hong Kong Public Offering is expected to be fixed by agreement between the Company and the Joint Global Coordinators (for themselves and on behalf of the Underwriters) after market demand for the International Offering has been determined. The Company and the Joint Global Coordinators (for themselves and on behalf of the Underwriters) shall meet or otherwise communicate as soon as reasonably practicable, after the book-building process in respect of the International Offering has been completed, with a view to agreeing the price at which the Offer Shares will be offering pursuant to the Global Offering. The Offer Price, which, subject to Clause 4.13, shall not exceed HK$410.00 per Offer Share, and shall not be lower than HK$350.00 per Offer Share. If the Company and the Joint Global Coordinators (for themselves and on behalf of the Underwriters) reach agreement on the price on the Price Determination Date, then such agreed price shall represent the Offer Price for the purposes of the Global Offering and for this Agreement and shall be recorded in the Price Determination Agreement on the Price Determination Date. If no such agreement is reached and the Price Determination Agreement is not signed by 11:00 p.m. on December 7, 2021, the provision of Clause 2.4 shall apply. Each of the Hong Kong Underwriters (other than the Joint Global Coordinators) hereby authorizes the Joint Global Coordinators to negotiate and agree on its behalf the Offer Price and to execute and deliver the Price Determination Agreement on its behalf with such variations, if any, as in the absolute judgment of the Joint Global Coordinators may be necessary or desirable and further agree that it will be bound by all the terms of the Price Determination Agreement as executed.
Determination of Offer Price. The Company and the Sole Global Coordinator (acting in such capacity and as the Hong Kong Underwriter) shall meet or otherwise communicate as soon as reasonably practicable, after the book-building process in respect of the International Offering has been completed, with a view to agreeing the price at which the Offer Shares will be offered pursuant to the Global Offering. If the Company and the Sole Global Coordinator reach agreement on the price on the Price Determination Date, then such agreed price shall represent the Offer Price for the purposes of the Global Offering and for this Agreement and the parties shall record the agreed price by executing the Price Determination Agreement. If no such agreement is reached and the Price Determination Agreement is not signed by 5:00 p.m. on 22 December 2021 and no extension is granted by the Sole Global Coordinator pursuant to Clause 2.3, the provisions of Clause 2.4 shall apply.
Determination of Offer Price. 12.3.1 During the Initial Offer, the Units shall be offered at the Initial Offer Price. The offer and issuance of Units during the Public Offering shall be conducted during the period specified in the Offering Document. After the Initial Period, the Offer Price shall be calculated and announced by the Management Company on Subscription Days only and in accordance with the Regulations.
Determination of Offer Price. The Company and the Sole Overall Coordinator (for itself and on behalf of the Hong Kong Underwriters) shall meet or otherwise communicate as soon as reasonably practicable, after the book-building process in respect of the International Offering has been completed, with a view to agreeing the price at which the Offer Shares will be offered pursuant to the Global Offering, which price must not be more than HK$55.0 per Offer Share and, subject to Clause 2.6, is expected to be not less than HK$46.0 per Offer Share (subject to the Downward Offer Price Adjustment). If the Company and the Sole Overall Coordinator (for itself and on behalf of the Hong Kong Underwriters) reach agreement on the said price on the Price Determination Date, then such agreed price shall represent the Offer Price for the purposes of the Global Offering and for this Agreement and the parties shall record the agreed price by executing the Price Determination Agreement. If no such agreement is reached and the Price Determination Agreement is not signed by March 27, 2023 and no extension is granted by the Sole Overall Coordinator pursuant to Clause 2.3, the provisions of Clause 2.4 shall apply.
Determination of Offer Price. 13 Position of Parent and the Purchaser Regarding Fairness of the Offer... 14
Determination of Offer Price. The Company and the Joint Global Coordinators (on behalf of the Hong Kong Underwriters) shall meet or otherwise communicate as soon as reasonably practicable, after the book-building process in respect of the International Offering has been completed, with a view to agreeing the price at which the Offer Shares will be offered pursuant to the Global Offering. If the Company and the Joint Global Coordinators reach agreement on the said price, which is expected to be agreed on or about 2 August 2018, then such agreed price shall represent the Offer Price for the purposes of the Global Offering and for this Agreement and the parties shall record the agreed price by executing the Price Determination Agreement. If no such agreement is reached and the Price Determination Agreement is not signed by 5:00 p.m. on 7 August 2018, the provisions of Clause 2.4 shall apply.
Determination of Offer Price. In establishing the Offer price, the Purchaser reviewed certain publicly available information including among other things: (i) the Partnership’s limited partnership agreement, (ii) the Partnership’s Annual Reports on Form 10-K, (iii) the Partnership’s Quarterly Reports on Form 10-Q, and (iv) other reports filed by the Partnership with the Commission. The Purchaser determined the Offer price pursuant to its independent evaluation of the Partnership and its properties. The Purchaser did not obtain current independent valuations or appraisals of the assets. The Purchaser determined that it was willing to offer $13,250 per Unit after reviewing the General Partner’s Consent Solicitation because the Purchaser believes the facts described in the General Partner’s Consent Solicitation, principally the range of potential distributions ($9,200 to $11,300 per Unit (or $7,875 to $9,975 per Unit, taking into account the August 2003 distribution of approximately $1,325 per Unit)) and the Minimum Price ($9,000 (equivalent to $7,875 per Unit, taking into account the August 2003 distribution of approximately $1,325 per Unit)) for which approval was sought, as well as the percentage of Unit holders who voted in favor of the proposal, make it very likely that the Purchaser will be able to purchase at least a controlling interest in the Partnership at the Offer price. The Purchaser has assumed that the calculations of potential distributions provided in the General Partner’s Consent Solicitation were accurate and has relied on them. The Purchaser also set the Offer price to provide a significant premium to the Minimum Price for which approval was sought and to provide a premium to other offers in order to make the Offer more attractive.
