OF THE LISTING RULES. Pursuant to the Facility Agreement, it requires that (i) the Controlling Shareholders will collectively maintain beneficial shareholding of not less than 51% of the entire issued share capital of the Company; and (ii) any of ▇▇. ▇▇▇ ▇▇▇▇▇, ▇▇. ▇▇▇ ▇▇▇ and ▇▇. ▇▇▇ ▇▇▇▇ shall remain as the chairman of the Board, otherwise it will constitute an event of default. On and at any time after the occurrence of an event of default which is continuing, the Lender may immediately cancel all or any part of the total commitments under the Facility Agreement; and declare that the outstanding amount under the Facility Agreement together with interest accrued thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 57.01% of the total issued share capital of the Company.
Appears in 1 contract
Sources: Facility Agreement
OF THE LISTING RULES. Pursuant to the Facility Agreement, it requires that (i) the Controlling Shareholders will collectively maintain beneficial shareholding of not less than 5140% of the entire issued share capital of the Company; and (ii) any of ▇▇. ▇▇▇ ▇▇▇▇▇, ▇▇. ▇▇▇ ▇▇▇ and ▇▇. ▇▇▇ ▇▇▇▇ shall remain as the chairman of the Board, otherwise it will constitute an event of default. On and at any time after the occurrence of an event of default which is continuing, the Lender may may, by notice, to the Company immediately cancel all or any part of the total commitments under the Facility Agreement; and declare that the outstanding amount under the Facility Agreement together with interest accrued thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 57.0155.85% of the total issued share capital of the Company.
Appears in 1 contract
Sources: Facility Agreement
OF THE LISTING RULES. Pursuant to the Facility Agreement, it requires that (i) the Controlling Shareholders will collectively maintain beneficial shareholding of not less than 51% of the entire issued share capital of the Company; and (ii) any of ▇▇. ▇▇▇ ▇▇▇▇▇, ▇▇. ▇▇▇ ▇▇▇ and ▇▇. ▇▇▇ ▇▇▇▇ shall remain as the chairman of the Board, otherwise it will constitute an event of default. On and at any time after the occurrence of an event of default which is continuing, the Lender facility agent may immediately cancel all or any part of the total commitments under the Facility Agreement; and declare that the outstanding amount under the Facility Agreement together with interest accrued thereon may become immediately due and payable. As at the date of this announcement, the Controlling Shareholders are collectively beneficially interested in approximately 57.0157.13% of the total issued share capital of the Company.
Appears in 1 contract
Sources: Facility Agreement