INFORMATION OF THE TARGET COMPANIES Sample Clauses

INFORMATION OF THE TARGET COMPANIES. The Target Companies are established in the PRC with limited liability and are wholly-owned by the Vendor as at the date of this announcement. They are principally engaged in the investment, development and operation of photovoltaic power plants. Based on the unaudited financial information provided by the Target Companies, as at 31 March 2018, the total and net asset values of XSHN are approximately RMB1,123 million and approximately RMB446 million respectively, and the total and net asset values of XSYN are approximately RMB239 million and approximately RMB85 million respectively. The table below sets forth the unaudited net profits before and after taxation of the Target Companies for the two financial years ended 31 December 2017 based on the unaudited financial information provided by the Target Companies: For the financial year ended 31 December 2017 (RMB) For the financial year ended 31 December 2016 (RMB) XSHN: Profit before taxation 15,878,182 346,745 Profit after taxation 14,491,792 346,745 XSYN: Profit/(Loss) before taxation 3,801,893 (4,106,280) Profit/(Loss) before taxation 3,515,173 (4,106,280) REASONS FOR AND BENEFITS OF THE TRANSACTIONS The terms of the Equity Transfer Agreements and the Debt Settlement Agreements were determined after arm’s length negotiations between or among the Purchaser and the Vendor. The Transactions provide the Company with an opportunity to acquire the rights and interests in the Projects, which are located in Jiangsu Province, the PRC, a location considered by the Company to be favourable for the development of its photovoltaic power business. Furthermore, the Debt Settlement Agreements would clarify the positions of the relevant parties with respect to their respective rights and obligations arising from and in connection with the Projects. In view of the above, the Directors consider that the terms of the Equity Transfer Agreements and the Debt Settlement Agreements and the Transactions are fair and reasonable and in the interests of the Company and the Shareholders as a whole. IMPLICATION UNDER THE LISTING RULES As one of the applicable ratios set out in Rule 14.07 of the Listing Rules in respect of the Transactions is more than 5% and all of such ratios are below 25%, the Transactions constitute a discloseable transaction for the Company under Chapter 14 of the Listing Rules and are therefore subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.
Sample 1
AutoNDA by SimpleDocs
INFORMATION OF THE TARGET COMPANIES. The Target Companies are companies incorporated under the laws of the Hong Kong with limited liability. The Target Companies are principally engaged in the trading of frozen food products and the provision of fish processing and preserving services, respectively. As at the date of the Share Transfer Agreement, the Vendor is the legal and beneficial owner of all the issued shares of the Target Companies. Set out below is the summary of the key financial data extracted from the audited accounts of the Target Companies for the year ended 31 March 2021 and 31 March 2022: For the year ended 31 Mar 2022 Shag Mei International Food Limited Legend International Food Limited Audited Audited HK$’000 HK$’000 Net profit before taxation 4,270 246 Net profit after taxation 3,554 212 For the year ended 31 Mar 2021 Shag Mei International Food Limited Legend International Food Limited Audited Audited HK$’000 HK$’000 Net profit before taxation 4,053 1,163 Net profit after taxation 3,661 1,027 As at 31 Mar 2022 Shag Mei International Food Limited Legend International Food Limited Audited Audited HK$’000 HK$’000 Total assets 22,685 932 Net assets 3,351 (419) As at 31 Mar 2021 Shag Mei International Food Limited Legend International Food Limited Audited Audited HK$’000 HK$’000 Total assets 25,253 887 Net assets 6,797 (631) INFORMATION OF THE VENDOR The Vendor is a merchant resident in Hong Kong. To the best of the Directors’ knowledge, as at the date of this announcement, the Vendor holds 47,184,000 Shares, representing approximately 8.97% of the issued Shares of the Company. The Vendor is not a connected person of the Group, and save as aforesaid, is an Independent Third Party of the Company.
Sample 1
INFORMATION OF THE TARGET COMPANIES. Set out below are the principal business of each of the Target Companies in which each of the Target Company is established in the PRC with limited liability: Shareholding held by the No. Name of company Principal business Company
Sample 1
INFORMATION OF THE TARGET COMPANIES. Alliance International is a limited company incorporated in the PRC which is principally engaged in containerised cargo handling business. As at the date of this announcement, 40% of its equity interest is held by the Company. Tianjin Port Container is a limited company incorporated in the PRC which is principally engaged in containerised cargo handling business. As at the date of this announcement, 100% of its equity interest is held by Champion Sky Enterprises. Second Company is a limited company incorporated in the PRC which is principally engaged in non-containerised cargo handling business. As at the date of this announcement, 100% of its equity interest is held by Well Light Enterprises. Haifeng Logistics is a limited company incorporated in the PRC which is principally engaged in warehousing and logistics businesses. As at the date of this announcement, 51% of its equity interest is held by Win Many Investments. Euroasia International is a limited company incorporated in the PRC which is principally engaged in containerised cargo handling business. As at the date of this announcement, 40% of its equity interest is held by Tianjin Port Development International. Tianjin Port Tugboat is a limited company incorporated in the PRC which is principally engaged in tugboat business. As at the date of this announcement, 100% of its equity interest is held by Tianjin Port Co. According to the audited financial statements prepared in accordance with the PRC accounting standards, the key financial information in relation to the Target Companies is as follows: RMB’000 As at 31 December 2015 For the year ended 31 December 2015 Total assets Net assets Revenue Profit before tax Net profit (Audited) (Audited) (Audited) (Audited) (Audited) Alliance International 1,959,919.4 1,647,650.2 556,740.0 194,405.5 170,119.6 Tianjin Port Container 2,451,198.4 1,857,401.7 548,499.8 117,096.6 87,908.2 Second Company 1,167,476.1 839,207.8 565,781.0 12,470.7 9,265.8 Haifeng Logistics 788,099.1 515,826.7 41,952.8 -8,324.7 -8,324.7 Euroasia International 2,610,772.2 1,373,567.7 515,795.0 104,579.6 91,507.2 Tianjin Port Tugboat 727,242.0 536,962.8 371,103.5 67,034.0 50,860.3 INFORMATION OF THE GROUP The Company is principally engaged in containerised and non-containerised cargo handling business, sales business, and other port ancillary business at the port of Tianjin in the PRC through its subsidiaries and associated companies. Tianjin Port Co is principally engaged in containerised...
Sample 1
INFORMATION OF THE TARGET COMPANIES. Xxxxx Xxxxx is a private company incorporated with limited liability under the laws of the British Virgin Islands. It is principally engaged in investment holding. As at the date of this announcement, the entire equity interest in Xxxxx is held by the Seller, which is a direct wholly-owned subsidiary of the Company. Therefore, Xxxxx is an indirect wholly-owned subsidiary of the Company. As at the date of this announcement, Xxxxx indirectly held 79.3% equity interest in Napa Lifestyle LLC, which mainly engages in property development with its main assets being the property interests in the Napa Project, through SREUS. Set out below is the financial information of Xxxxx for the two years ended 31 December 2022 and 2023: For the financial year ended 31 December 2022 (unaudited) 2023 (unaudited) RMB’000 RMB’000 Net (loss)/profit before taxation and extraordinary items (7) 114 Net (loss)/profit after taxation and extraordinary items (7) 114 According to the unaudited management accounts of Xxxxx as at 31 December 2023, the net assets of Xxxxx were approximately RMB109 million.
Sample 1
INFORMATION OF THE TARGET COMPANIES. Each of the Target Companies is an investment holding company. Each of them have entered into the sale and purchase agreement to purchase each of the five adjacent office property units located at Offices A-E on 10th Floor, Billion Plaza 0, Xx.00 Xxxxxx Xxx Xxxxxx, Kowloon, with a gross floor area of approximately 3,323 square feet, 2,009 square feet, 1,559 square feet, 2,021 square feet and 2,575 square feet respectively.
Sample 1

Related to INFORMATION OF THE TARGET COMPANIES

  • INFORMATION OF THE PARTIES Information of the Company The Company is a company established in the PRC in 1984 and converted into a joint stock limited company on 28 September 2015. The principal business of the Company includes providing comprehensive leasing services to high-quality customers in industries including aviation, infrastructure, shipping, inclusive finance, new energy and high-end equipment manufacturing. Information of the Asset Transferor The Asset Transferor is a state-owned enterprise incorporated in the PRC on 28 June 2016 and located in Guangdong Province, the PRC, which is principally engaged in the business of finance lease, etc. IMPLICATIONS UNDER THE LISTING RULES According to Chapter 14 of the Listing Rules, as the highest applicable percentage ratio of the transaction under the Asset Transfer Agreement is higher than 5% but lower than 25%, the transaction constitutes a discloseable transaction of the Company and is subject to the announcement requirement but is exempt from the shareholders’ approval requirement under Chapter 14 of the Listing Rules.

  • PERSONNEL DISCLOSURE 25 25.1 CONTRACTOR shall make available to ADMINISTRATOR a current list of 26 all personnel providing services hereunder, including résumés and job 27 applications. Changes to the list will be immediately provided to 28 ADMINISTRATOR in writing, along with a copy of a résumé and/or job 1 application. The list shall include:

  • Information Concerning Subadviser Assets and Subadviser From time to time as the Adviser or the Trust reasonably may request in good faith, the Subadviser will furnish the requesting party reports on portfolio transactions and reports on the Subadviser Assets, all in such reasonable detail as the parties may reasonably agree in good faith. The Subadviser will also inform the Adviser in a timely manner of material changes in portfolio managers responsible for Subadviser Assets, any changes in the ownership or management of the Subadviser, or of material changes in the control of the Subadviser. Upon the Trust’s or the Adviser’s reasonable request, the Subadviser will make available its officers and employees to meet with the Trust’s Board of Trustees to review the Subadviser Assets via telephone on a quarterly basis and on a less frequent basis as agreed upon by the parties in person. Subject to the other provisions of this Agreement, the Subadviser will also provide such information or perform such additional acts with respect to the Subadviser Assets as are reasonably required for the Trust or the Adviser to comply with their respective obligations under applicable laws, including without limitation, the Code, the 1940 Act, the Advisers Act, and the Securities Act, and any rule or regulation thereunder.

  • Information Sources The Custodian may rely upon information received from issuers of Investments or agents of such issuers, information received from Subcustodians and from other commercially reasonable sources such as commercial data bases and the like, but shall not be responsible for specific inaccuracies in such information, provided that the Custodian has relied upon such information in good faith, or for the failure of any commercially reasonable information provider.

  • Information and Records (a) Lessee shall promptly furnish to Lessor all such information as Lessor may from time to time reasonably request regarding the Aircraft or any part thereof, its use, registration, location and condition. In addition, Lessee shall, on each Maintenance Payments Date and the Termination Date, furnish to Lessor a monthly maintenance status report substantially in the form of Schedule 5.

  • Information and Services Required of the Owner § 3.1.1 The Owner shall provide information with reasonable promptness, regarding requirements for and limitations on the Project, including a written program which shall set forth the Owner’s objectives, constraints, and criteria, including schedule, space requirements and relationships, flexibility and expandability, special equipment, systems, sustainability and site requirements.

  • Information Handling Implement new/improved system; update incoming publications; circulate publications; identify information source(s) inside and outside the organisation. Grade 5 - Communication: Obtain data from external sources; produce reports; identify need for documents and/or research. Grade 5 - Enterprise: Assist with the development of options for future strategies; assist with planning to match future requirements with resource allocation.

  • CERTIFICATION REGARDING CERTAIN FOREIGN-OWNED COMPANIES IN CONNECTION WITH CRITICAL INFRASTRUCTURE (Texas law as of September 1, 2021) By submitting a proposal to this Solicitation, you certify that you agree to the following required by Texas law as of September 1, 2021: Proposing Company is prohibited from entering into a contract or other agreement relating to critical infrastructure that would grant to the company direct or remote access to or control of critical infrastructure in this state, excluding access specifically allowed by the Proposing Company for product warranty and support purposes. Company, certifies that neither it nor its parent company nor any affiliate of company or its parent company, is (1) owned by or the majority of stock or other ownership interest of the company is held or controlled by individuals who are citizens of China, Iran, North Korea, Russia, or a designated country; (2) a company or other entity, including governmental entity, that is owned or controlled by citizens of or is directly controlled by the government of China, Iran, North Korea, Russia, or a designated country; or (3) headquartered in China, Iran, North Korea, Russia, or a designated country. For purposes of this contract, “critical infrastructure” means “a communication infrastructure system, cybersecurity system, electric grid, hazardous waste treatment system, or water treatment facility.” See Tex. Gov’t Code § 2274.0101(2) of SB 1226 (87th leg.). The company verifies and certifies that company will not grant direct or remote access to or control of critical infrastructure, except for product warranty and support purposes, to prohibited individuals, companies, or entities, including governmental entities, owned, controlled, or headquartered in China, Iran, North Korea, Russia, or a designated country, as determined by the Governor.

  • OPERATIONAL INFORMATION (i) ISIN Code: [ ]

  • Foreign-Owned Companies in Connection with Critical Infrastructure If Texas Government Code, Section 2274.0102(a)(1) (relating to prohibition on contracts with certain foreign-owned companies in connection with critical infrastructure) is applicable to this Contract, pursuant to Government Code Section 2274.0102, Contractor certifies that neither it nor its parent company, nor any affiliate of Contractor or its parent company, is: (1) majority owned or controlled by citizens or governmental entities of China, Iran, North Korea, Russia, or any other country designated by the Governor under Government Code Section 2274.0103, or (2) headquartered in any of those countries.

Time is Money Join Law Insider Premium to draft better contracts faster.