Minority share purchase rights: majority holders must offer to buy remaining minority shares after qualifying acquisition. When a dominant holder acquires control, the holder must offer to buy remaining minority shares at a valuer-determined price and deposit the aggregate consideration in a separate company-operated bank account for payment to minority shareholders; the company acts as transfer agent to receive and pay consideration, cancel undelivered certificates and complete transfers, with residual and successor rights preserved and any undisclosed higher compensation to be shared pro rata with minority shareholders.
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Provisions expressly mentioned in the judgment/order text.
Minority share purchase rights: majority holders must offer to buy remaining minority shares after qualifying acquisition.
When a dominant holder acquires control, the holder must offer to buy remaining minority shares at a valuer-determined price and deposit the aggregate consideration in a separate company-operated bank account for payment to minority shareholders; the company acts as transfer agent to receive and pay consideration, cancel undelivered certificates and complete transfers, with residual and successor rights preserved and any undisclosed higher compensation to be shared pro rata with minority shareholders.
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