____________________ Clause 14 A foreign entity who applies for approval of an offer for sale of the debt securities shall have the following characteristics: (1) the foreign entity is able to demonstrate that it has
law having any of the following characteristics may not submit an application to offer perpetual bond: (1) a company, the shares of which are held by a trust as an investment in key asset of the trust
; (4) being able to demonstrate that [i] a director, a manager or an authorized management person, responsible for undertaking trust business, of the applicant or [ii] major shareholder have
the designated project and demonstrate clearly how it will contribute to environmental benefits or social development; 2.2 Process for Project Evaluation and Selection: the issuer must disclose the
of the company have both ordinary share and preferred share, it shall separate ordinary share and preferred share. And in case of having both a surplus and a deficit, it shall demonstrate such items
, it shall demonstrate such items separately without setting off. /2 In case of the company have various categories of additional paid-in other capital (deficit), namely appraisal surplus, revaluation
law ; (2) being capable of maintaining capital and reserve under relevant supervisory law; (3) demonstrate efficient systems to prevent conflict of interest, Chinese wall among different departments and
application for an approval of an offer for sale of perpetual bonds and convertible bonds: (1) being a company whose shares are held by a trust as investment in the core assets of the trust at a rate not less
principal asset to be invested definitely and shall demonstrate that it is ready to acquire such asset within sixty days as from the date when the establishment of the REIT is completed or as from the closing
business liquidation of the originator (perpetual sukuk), or the sukuk holders have the right to redeem investment money from the asset trustee before the originator liquidates its business only when the