In another example, a GSB is often required in a transaction in which one company buys another. Because the G.S.O. defines the exact nature of what is purchased and sold, the agreement may allow a company to sell its tangible assets to a buyer without selling the naming rights attached to the transaction. A BSG can be used when a large number of materials are obtained by a supplier or in the case of a large-scale individual purchase. For example, 1000 widgets, all delivered at the same time. A share purchase agreement is intended to ensure that the agreement is concluded as both parties expect. If one party attempts to change the price or number of shares or to set new or unexpected conditions, the other party may submit the contract that both parties must comply with by law after signing. Second, the stockbroker or bank goes to a MARKET MAKER to buy or sell the shares as indicated. The “Market Maker” owns shares in a limited range of companies determined by the market makers specialty. The market maker cites two prices to the stockbroker or bank: a lower “Bid” price, at which the market maker is willing to buy shares, and a higher “offer price” at which he is willing to sell the shares.
The difference or spread between these prices provides the market manufacturer`s profit margin. Referring to two prices, market maker does not know whether the broker intends to buy or sell shares, and the broker will only reveal if he wishes to buy or sell and close the transaction if he finds the market makers` prices competitive with those of other market makers. At this point, a “good deal” is made and the legal right to the shares is transferred to the buyer. Finally, the transfer of ownership of the shares to the buyer can be done either manually via the Talisman system on paper (with the issuance of new share certificates), or electronically via the Crest system. See THE COMPAGNY REGISTRAR, SHARE REGISTER. An Office must notify the Central Bank in writing of any proposed changes to the Office`s ownership structure as soon as the share purchase agreement is signed or, in other cases, the sale of shares to the Bureau prior to the proposed transfer. PROPOSITIOND VERY SUBSTANTIAL ACQUISITION AND CONNECTED TRANSACTION The Board of Directors is pleased to announce that the Company has entered into the share purchase agreement with CSSC on October 31, 2014 under which the Company consented subject to the acquisition of the entire issued capital of Huangpu Wenchong, and that CSSC entered into the sale of the entire capital of Huangpu Wenchong against the consideration of RMB4 527,331,600.00. The National Venture Capital Association states that the main elements of a share purchase agreement are the names of the buyer and seller as well as the price and number of shares. Legalese`s pages often accompany these articles by indicating how the price is determined, how the shares are paid and delivered, the transfer of ownership and the sellers and sellers are expressly removed from each other from any other liability.