Company: TGE
Filing Date: 2025-06-24
Form Type: F-1
Source: 0001213900-25-057225
Chunk: 211

Company: Generation Essentials Group
Filing Date: 2025-06-24
Form: F-1
Chunk 211
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 respect of his interest; and                                                                 |

| ● | the arrangement is not one that would more properly be sanctioned under some other provision of the Cayman 
 Islands Companies Act.                                                                                     |

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The Cayman Islands Companies
Act also contains a statutory power of compulsory acquisition which may facilitate the “squeeze out” of a dissentient minority
shareholder upon a tender offer. When a tender offer is made and accepted by holders of 90% of the shares affected within four months,
the offeror may, within a two-month period commencing on the expiration of such four-month period, require the holders of the remaining
shares to transfer such shares to the offeror on the terms of the offer. An objection can be made to the Grand Court of the Cayman Islands
but this is unlikely to succeed in the case of an offer which has been so approved unless there is evidence of fraud, bad faith or collusion.

If an arrangement and reconstruction
by way of scheme of arrangement is thus approved and sanctioned, or if a tender offer is made and accepted, in accordance with the foregoing
statutory procedures, a dissenting shareholder would have no rights comparable to appraisal rights, save that objectors to a takeover
offer may apply to the Grand Court of the Cayman Islands for various orders that the Grand Court of the Cayman Islands has a broad discretion
to make, which would otherwise ordinarily be available to dissenting shareholders of Delaware corporations, providing rights to receive
payment in cash for the judicially determined value of the shares.

The Cayman Islands Companies
Act also contains statutory provisions which provide that a company may present a petition to the Grand Court of the Cayman Islands for
the appointment of a restructuring officer on the grounds that the company (a) is or is likely to become unable to pay its debts
within the meaning of section 93 of the Cayman Islands Companies Act; and (b) intends to present a compromise or arrangement
to its creditors (or classes thereof) either, pursuant to the Cayman Islands Companies Act, the law of a foreign country or by way of
a consensual restructuring. The petition may be presented by a company acting by its directors, without a resolution of its members or
an express power in its articles of association. On hearing such a petition, the Cayman Islands court may, among other things, make an
order appointing a restructuring officer or make any other order as the court thinks fit.

Shareholders’ Suits.In
principle