Examples of Sale Shareholder in a sentence
At such closing, the Involuntary Sale Shareholder shall execute and deliver such instruments as may be reasonably necessary to effectuate such sale.
As of 30 June 2017, the unaudited net asset value of the Target Group (excluding assets carved out and to be transferred out of KIC Project Company) was approximately RMB2,689,000,000 (equivalent to approximately HK$3,165,000,000), and the aggregate outstanding amount of the Sale Shareholder Loans, representing 49% of the Shareholder Loans, was approximately RMB1,620,000,000 (equivalent to approximately HK$1,907,000,000).
Subject Matter The Vendor has agreed to sell, assign and transfer to the Purchaser and the Purchaser has agreed to purchase, acquire, assume and take from the Vendor (i) the Sale Shares, comprising 49% equity interest in the Target Companies, free from all encumbrances and together with all rights attached thereto; and (ii) the Sale Shareholder Loans, on and subject to the terms and conditions set forth in the Sale and Purchase Agreement.
For the purposes of apportionment, the consideration to be paid by the Purchaser to the Vendor for each of the Sale Shareholder Loans shall be the respective face value of the Sale Shareholder Loans, and the consideration to be paid by the Purchaser to the Vendor for the Sale Shares shall be the balance of the Purchase Price after deducting the consideration for the Sale Shareholder Loans.
Further details of the Target Group and the Properties are set out below in the paragraph headed “INFORMATION OF THE TARGET COMPANIES AND THE PROPERTIES” in thisannouncement.Neither the Purchaser nor the Vendor shall be obliged to complete the purchase and sale of any of the Sale Shares unless (a) the purchase and sale of all the Sale Shares and (b) the assignment of the benefit of the Sale Shareholder Loans are completed simultaneously in accordance with the Sale and Purchase Agreement.
Purchase Price In consideration for the Sale Shares and the benefit of the Sale Shareholder Loans, subject to the terms and conditions contained in the Sale and Purchase Agreement, the Purchaser shall pay to the Vendor an aggregate amount equal to the Initial Purchase Price of approximately RMB2,949,000,000 (equivalent to approximately HK$3,471,000,000) which is to be adjusted in accordance with the Post-Closing Purchase Price Adjustment (the “Purchase Price”).
Neither the Purchaser nor the Vendor shall be obliged to complete the purchase and sale of any of the Sale Shares unless (a) the purchase and sale of all the Sale Shares and (b) the assignment of the benefit of the Sale Shareholder Loan are completed simultaneously in accordance with the Sale and Purchase Agreement.
The Company (or its designee; provided, however, if the payment obligations under the agreement whereby the Employee purchased such Shares have not been fully satisfied then the Company can not assign its rights to a designee) will pay the purchase price set forth in Section 7.2 to the Involuntary Sale Shareholder upon the payment terms set forth in Section 7.3. 7.2. Purchase Price.
Under the resolution adopted by the Sale Shareholder on 12 April 2018, an interim dividend was distributed to the single shareholder of the parent Company for a total amount of €116,220 thousand.
Vast China is wholly owned by the Vendor; and (2) The Sale Shareholder Loan advanced by the Vendor to Vast China.