Examples of Capital Injection Agreement in a sentence
As one or more applicable percentage ratios calculated pursuant to Rule 14.07 of the Listing Rules in respect of Deemed Disposal exceed 5% but are less than 25%, the Second Capital Injection Agreement constitute a discloseable transaction of the Company and is subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules.
The Company has obtained the written shareholder’s approval of TBEA (the controlling shareholder of the Company holding 783,921,287 Shares, representing approximately 65.33% of the total issued share capital of the Company, as at the date of this announcement), in lieu of holding a general meeting pursuant to Rule 14.44 of the Listing Rules for approving the Capital Injection Agreement and the transactions contemplated thereunder.
The parties to the Capital Injection Agreement shall not create any forms of guarantees such as pledges, charge or other encumbrances over all or part of its equity interests in the Target Company.
None of the Directors has a material interest in the transactions contemplated under the Capital Injection Agreement and none of them is required to abstain, or has abstained, from voting on the relevant board resolutions approving the transactions contemplated under the Capital Injection Agreement.
Operating licences were issued to two collective management organisations (PAM CG and OFA).
The Company has on December 27, 2013 entered in the Capital Injection Agreement (the “Agreement”) with SINOMACH, a controlling shareholder of the Company and Apparatus Institute, a wholly-owned subsidiary of SINOMACH, pursuant to which the Company will inject a total of RMB105,400,722 (the “Capital Increase Amount”) into Apparatus Institute by way of capital increase in cash.
As such, the transaction contemplated under the Xinjiang New Energy Capital Injection Agreement constitutes a Deemed Disposal of the Company under Chapter 14 of the Listing Rules.
The Directors do not expect to recognize any material gain/loss from the transactions contemplated under the Capital Injection Agreement.
As the investor to the Second Capital Injection Agreement is the same investor to the First Capital Injection Agreement, the respective transactions contemplated under the Second Capital Injection Agreement and the First Capital Injections Agreement shall be aggregated pursuant to Rules 14.22 and 14.23 of the Listing Rules.
Given that the exercise of the Repurchase Option is not at the discretion of the Company, the transaction contemplated under the Capital Injection Agreement shall be deemed as if the Repurchase Option had been exercised pursuant to the Listing Rules.