products or provision of services is not more than one-third of the maximum capacity of the infrastructure business, unless it can be demonstrated that an excess of such proportion is in accordance with the
-third of the maximum capacity of the infrastructure business , unless it can be demonstrated that an excess of such proportion is in accordance with the nature of the industry of such infrastructure
chain principle 98 ** such as Subscription in Private Placement or excess of rights offering, Exercise of conversion rights etc. * Related parties include 1. concert party, 2. person(s) under Section 258
compared to Q2/2018. This is in respect to China’s increase in Kerosene export by 30% compared to the same period of the previous year, leading to Jet/Kerosene excess supply in Asian market. Jet (Kerosene
, in exchange for 1 ordinary share in SGAH; (2) If 25.10% of the equity value of SGAH is between USD 50.00 million and USD 100.00 million, the Company will reinvest the amount in excess of USD 50.00
excess of USD 50.00 million of 25.10% of SGAH’s equity value, in exchange for 1 ordinary share in SGAH; or (3) If 25.10% of the equity value of SGAH is less than USD 50.00 million, there will be no
local steel products instead of imports. However, the policy encouraged to increase production capacity and supply excess capacity to other countries. This will create problems for the steel market in
quantity and earnings quality of IVL in 2018 & 2019 (see Table 4 for details). 4Q17 was the fourth consecu- tive quarter wherein the Com- pany achieved an EBITDA per tonne which was in excess of $ 100
quantity and earnings quality of IVL in 2018 & 2019 (see Table 4 for details). 4Q17 was the fourth consecu- tive quarter wherein the Com- pany achieved an EBITDA per tonne which was in excess of $ 100
. To be clear, we differ from an over-supplied olefin industry since the acquired business synergizes well with our existing Integrated Oxides business. The excess ethylene capacity being built in USA