Examples of PRC Company in a sentence
To the best knowledge and belief of the Board, subject to the due diligence to be conducted, the Target Group consists of, inter alia, the PRC Company and its subsidiaries, which are the major operating subsidiaries of the Target Group.
As disclosed in the Announcements, the Directors consider the Possible Acquisition would provide an opportunity for the Company to broaden its revenue stream, and the Loan is provided to Xx. Xxxx and Xx. Xxxxx to facilitate the acquisition of the entire equity interest in the PRC Company.
As disclosed in the Announcement, the Directors consider the Possible Acquisition would provide an opportunity for the Company to broaden its revenue stream, and the Loan is provided to Xx. Xxxx and Xx. Xxxxx to facilitate the acquisition of the entire equity interest in the PRC Company.
Furthermore, the FIL provides that foreign invested enterprises established according to the existing laws regulating foreign investment may maintain their structure and corporate governance within five years after the implementing of the FIL, which means that foreign invested enterprises may be required to adjust the structure and corporate governance in accordance with the current PRC Company Law and other laws and regulations governing the corporate governance.
The Newly Formed PRC Company will become the indirect non-wholly owned subsidiary of the Company.