Common use of HIGHEST PERCENTAGE RATIO APPLICABLE Clause in Contracts

HIGHEST PERCENTAGE RATIO APPLICABLE. The highest applicable percentage ratio pursuant to paragraph 10.02(g) is 22% as stated below: The value of the Said Agreement represents 18.70% of the total net asset of RM537.95 million and 22% of the total market capitalization of the Company as at 24th January 2017 (where shares are traded at RM0.16). For the Earlier Sublease it represents only 3.83% of the groups’ total net asset of RM537.95million (as at 31st January 2016).

Appears in 1 contract

Sources: Acquisition Agreement

HIGHEST PERCENTAGE RATIO APPLICABLE. The highest applicable percentage ratio pursuant to paragraph 10.02(g) is 22% as stated below: : a) The value consideration of the Said Agreement represents 18.707.94% of the total net asset of RM537.95 million and 22RM591,777,584 based on the Company’s audited accounts as at 31st January 2017. b) And 11.60% of the total market capitalization of the Company as at 24th January 2017 9th February 2018 (where shares are traded at RM0.16RM0.08). For the Earlier Sublease it represents only 3.83% of the groups’ total net asset of RM537.95million (as at 31st January 2016).

Appears in 1 contract

Sources: Acquisition Agreement