Information of the Vendor. The Vendor, a Malaysian aged 30 years old, is a director and shareholder of MBits who currently owns 75% of equity interest in MBits.
Information of the Vendor. The Vendor, Prime Castle Holdings Limited, is a company incorporated in the British Virgin Islands with limited liability and is an investment holding company. The Vendor is held as to 66% by Xx. Xx and 34% by Xx. Xxxx.
Information of the Vendor. The Vendor is a limited liability partnership registered on 27 February 2013 in Malaysia under the Limited Liability Partnership Act. As at 29 November 2019, being the latest practicable date prior to this announcement (“LPD”), the partners of the Vendor are Ng Xxxx Xxxx and Xxxxx Xxxx Ling Ping, on a 50-50 basis. The Vendor is in the business involved in the research and development of, information technology in particular Research, Development, Mobile Solution Implementation of Internet of Things (“IoT”) technologies, Wireless Sensors, Artificial Intelligence (“A.I.”) solutions for Industrial, Agricultural, Commercial and Healthcare applications.
Information of the Vendor. The Vendor, Mr. Xxx Xxx, is a Controlling Shareholder, an executive Director and the chairman of the Board. As at the date of this announcement, the Vendor together with its associates are interested in 185,616,600 Domestic Shares in the Company, representing approximately 42.95% of the Company’s entire issued share capital. INFORMATION OF THE TARGET GROUP The Target Company is a company incorporated in the PRC with limited liability and is principally engaged in the sales and leasing of different electronic vehicles; development, sales, production and wholesaling of electronic products, components and computer software; import and export businesses; development of artificial intelligence and its production and sales; and the development, production and sales of autonomous vehicles. The subsidiaries of the Target Company are two companies incorporated in the PRC, which to the best of the Directors’ knowledge, information and belief after having made all reasonable enquiries, have been non-operational since their respective incorporations up to the date of this announcement. The Vendor was one of the founding members of the Target Company, to which he had contributed RMB9,900,000 of the Target Company’s registered capital, and was interested in 99% of the entire equity interests in the Target Company as at 30 March 2017. Subsequent to such contribution, with the Vendor’s partial disposal of its equity interests in the Target Company and the Target Company’s capital contributions made by investors and/or equity interests holders of the Target Company, as at the date of this announcement, for the 28.6% equity interests held by the Vendor in the Target Company immediately prior to the entering into of the Equity Transfer Agreement, the total cost paid by the Vendor is approximately RMB13,620,000, and the approximate cost for the Sale Interests is therefore RMB9,524,000. Set out below is the revenue, profit before tax and profit after tax of the Target Company for the two financial years ended 31 December 2019 and 31 December 2020 and nine months ended 30 September 2021 respectively: For the year ended 31 December For the year ended 31 December For the nine months ended 30 September 2019 2020 2021 (audited) (audited) (unaudited) (RMB million) (RMB million) (RMB million) (approximately) (approximately) (approximately) Profit/(loss) before tax (9) (6) (8) Profit/(loss) after tax (9) (6) (8) As at 30 September 2021, the unaudited net asset value for the Sale Inter...
Information of the Vendor. The Vendor is a company incorporated in Canada. The Vendor is a software power house with niche market in mobile money and payments.
Information of the Vendor. The Vendor is a company incorporated in the United States and, through its subsidiaries, is principally engaged in dental laboratory services which provides customized dental prosthetic restorations in North America. To the best of the Directors’ knowledge, information and belief, and having made all reasonable enquiries, each of the Vendor and its ultimate beneficial owners is an Independent Third Party.
Information of the Vendor. The Vendor is a company established in the PRC with limited liability and is principally engaged in investment of gas industry and related business. As at the date of this announcement, the equity interest of the Vendor is indirectly owned as to over 50% by Xx. Xxxxx.
Information of the Vendor. Amplify ME Pte Ltd was incorporated under the laws of Singapore on 25 September 2013 as a private limited company. The issued and paid-up capital of the Vendor is SGD20,000 which is divided into 20,000 ordinary shares. The principal business activities of the Vendor are developing e-commerce applications, technology applications and web portals online platform. The existing director and shareholder of the Vendor, are as follow: - Name of Director Xxxxx Xxx Hong Wei Details of Shareholder Name Shareholding (%) No. of ordinary shares held Paid-up value (SGD) Xxxxx Xxx Hong Wei 100 20,000 20,000.00 Total 100 20,000 20,000.00
