Memorandum and Articles - Sino

up by any person, and the Directors may, subject to the provisions of the Ordinance, accept surrenders
of shares.
51. The resolution whereby any share is sub-divided may determine that, as between the holders sub-division
of the shares resulting from such sub-division, one or more of such shares shall have some preference
and ordrnary
or special advantage as regards dividend, capital, voting or otherwise over or u, .o-pu."à with the
other or others.
Modifïcation of Rights
into preferred
*52. Whenever the capital, by reason of the issue of preference shares or otherwise, is divided Power to
into different classes of shares, all or any of the rights and privileges attached to each class may
subject to the provisions of Section 64 of the Ordinance be modified, abrogated, or dealt wìth by
an Extraordinary Resolution passed at a separate general meeting of the holders of the shares of
that class, and all the provisions hereinafter contained as to general meetings shall mutatis mutandis
apply to every such meeting except that the quorum thereof (other than an adjourned meeting) shall
be members holding, or representing by proxy, one third of the nominal amount of the issued shares
of the class. This Article is not by implication to curtail the power of modification which the
Company would have if this Article were omitted.
*Amended by Special Resolution passed on 291611990.
Bonowing Powers
modifv rights
53. The Directors may, from time to time, at their discretion, raise or borrow, or secure the Power to
payment of, any sum or sums of money for the purposes borrow
of the Company.
54. The Directors may raise or secure the repayment of such sum or sums in such manner and Condirions
upon such terms and conditions in all respects as they may think fit, and, in particular, by the issue on which
of bonds, perpetual or redeemable, debentures, or any mortgage, charge or other security on the ;Ï:t ffJ,
undertaking of the whole or any part of the property of the Company (both present and future),
including its uncalled capital for the time being.
55. Debentures, bonds or other securities may be made assignable free from any equities between Securities may
the Company and the person to whom the same may be issued.
1r"..^iliff.f1i,.,
56. Any debentures, bonds, or other securities may be issued at a discount, premium, or Lssue at
otherwise, and with any special privileges, as to redemption, surrender, drawing, allotment of shares, |Ii,ü'lo"JÏ,
attending and voting at general meetings of the Company, appointment of directors, and otherwise. privileges
57. The Directors shall cause a proper Register to be kept in accordance with Section 89 of Register of
the Companies Ordinance, of all mortgages and charges specifically affecting the property of the i"[ti:i to be kept
Company; and shall duly comply with the requirements ol Section 80 of the Ordinance, in regard
to the registration of mortgages and charges therein specified and otherwise.
58. Where any uncalled capital of the Company is charged, all persons taking any subsequent Mortgages of
charge thereon shall take the same subject to such prior charge, and shall not be entitled, by notice iltcltt¡o
to the shareholders or otherwise, to obtain priority ou"a ,u"h prior charge
59. If the Directors or any of them, or any other persons, shall become personally liable for Indemnity
the payment of any sum primarily due from the Company, the Directors may execute or cause to
be executed any mortgage, charge, or security over or affecting the whole or any part of the assets
of the Company by way of indemnity to secure the Directors or persons so becoming iiable as
aforesaid from any loss in respect of such liability.
.General Meetings
'
capital
may be given
*60. A general meeting of the Company shall be held once in every calendar year at such úme not being
more than fifteen months after the holding of the last preceding general meeting and at such plac" a, mai
t il:ïtJtf'
when Gener¿l
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