Sino Grandness

[Boon]

Page 13 of the Circular dated 05-Feb-2016:
 
Assuming full conversion prior to the Proposed Listing and on the basis of an agreed valuation of RMB1,500,000,000, the Company will hold 76.6% in the Listco and CB1 Holders and CB2 Holders will collectively hold approximately 23.4% in the Listco. Prior to the Proposed Listing, the shareholding of the Company in the ListCo will be higher if only part of the 2011 Bonds and 2012 Bonds is converted, or if the agreed valuation is higher; and conversely, the shareholding of the Company in the Listco will be lower if in addition to the 2011 Bonds and 2012 Bonds the Company issues other exchangeable bonds that are converted, or if the agreed valuation for the 2011 Bonds and 2012 Bonds are lower.
 
Hi portuser/crubs,
 
Let’s put the numbers/figures aside first and try to make sure we have a common understanding of the issues at hands.
 
Assumed MV(100% ListCo) = Market Value or IPO pricing ascribed by Mr. Market for 100% of ListCo.
 
Question:
Is the above “agreed valuation” same as MV(100% ListCo) ?
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