Examples of Sale Interest in a sentence
Each Buyer and the Seller shall use their reasonable endeavours, with all due speed and diligence, to obtain all necessary consents to the sale and purchase of the Sale Interest, including any consent required from any governmental or regulatory agency or authority.
Each Principal Shareholder other than the Seller may, not later than the date ("Acceptance Date") 10 Business Days after the giving of the Sale Notice, give notice to the Seller that that Principal Shareholder wishes to acquire the Sale Interest on the terms specified in the Sale Notice.
The Seller shall not transfer a Sale Interest to any person unless the Seller has obtained the prior written approval of the Board to registration pursuant to clause 12.5 of the Constitution (which approval may be granted or not in accordance with clause 12.5 of the Constitution).
For illustration purpose, as a result of the disposal of the Sale Interest, it is estimated that the Company will realize an unaudited loss on disposal of the Sale Interest of approximately HK$2,739,000, which will be credited to the profit and loss, being the difference of the cash proceeds from disposal of Sale Interest of approximately HK$52,250,000 and the unaudited carrying value of Sale Interest of approximately HK$54,989,000.
As at the date of this announcement, the Sale Interest is subject to the Share Pledge.