With respect to M&As, the listing requirements of the JSE govern the transactions of publicly traded companies through rules and rules aimed at ensuring full, fair and timely disclosure to all security holders and giving them a reasonable opportunity to review and vote in advance on significant changes in the company`s business and matters relating to the rights of the Shareholders. The following sections discuss issues that should be considered when purchasing assets or shares. The advantages and disadvantages of each option are summarized at the end of this report. THIS SHARE EXCHANGE AGREEMENT (this «Agreement») will be concluded in June. 03, 2016 of Et between Leo Motors, Inc., a company based in Nevada, USA and headquartered at 3887 Pacific Street, Las Vegas, Nevada («LEOM») and Kim Yun Ho («KIM»), the 100% shareholder of Lelcon Co. (hereinafter «LELC»), Ltd, whose address is 10-10 Munwhabokji Gil, Yangpyung Eup, Yangpyung, Gun Kyunggi Do, Korea. A new shareholder (X) will buy 6.5% of the shares of company A from company B and the director in relation to his stake in company A. The price will depend on the market. Under the Income Tax Act, related persons enter into a cross-border transaction, transaction, settlement, agreement or agreement (e.g. grant or assignment of rights, including a licence agreement, provision of technical, financial or administrative services and financial assistance such as a loan) that does not comply with the arm`s length principle and that provides a tax advantage to a Contracting Party: the price is adjusted to reflect an undercutting price when determining the taxable income of the persons concerned.
It is not uncommon for the seller to open the target entity`s accounts to a due diligence audit by the potential buyer during a negotiated acquisition, which would typically involve a thorough review of the target company`s financial, legal and tax issues by the buyer`s advisors. The results of a due diligence audit may lead to adjustments to the proposed purchase price and the inclusion of specific guarantees negotiated between the buyer and the seller in the sales contract. Non-residents are only subject to the CGT on capital gains arising from the disposal of certain South African real estate, including real estate, a stake in such real estate (i.e. .