Examples of Disposal Agreement in a sentence
An independent financial adviser will be appointed to advise the Independent Board Committee and the Independent Shareholders as to the fairness and reasonableness of the terms of the Disposal Agreement.
Pursuant to the Disposal Agreement, Eyang Shenzhen has conditionally agreed to sell and Weichuang Investment has conditionally agreed to purchase, the entire equity interest in Eycom, a wholly-owned subsidiary of Eyang Shenzhen and is principally responsible for the mobile phone business of the Group as at the date of this announcement, for the Initial Consideration of RMB3,444,850.85, subject to the adjustment as detailed below.
The Disposal On 4 September 2009 (after trading hours), Eyang Shenzhen, an indirect wholly-owned subsidiary of the Company as the vendor, and, Weichuang Investment as the purchaser, entered into the Disposal Agreement.
THE DISPOSAL The Disposal Agreement Date: 4 September 2009 Parties: Vendor : Eyang Shenzhen, being the indirect wholly-owned subsidiary of the Company Purchaser : Weichuang Investment Weichuang Investment is beneficially owned as to Xx. Xxxx Xxxxxxx by 55%, Xx. Xxxxxx Xxx by 18%, Xx. Xxxx Xxx by 12%, Xx. Xx Xxxxxxxxx by 8% and Mr. Xxx Xxx by 7%.
Subject of the Disposal Pursuant to the Disposal Agreement, Xxxxx Xxxxxxxx agreed to dispose of the entire equity interest in Eycom to Weichuang Investment subject to the terms and conditions set out therein.