Million Good Limited, a wholly. owned subsidiary of the Vendor is the beneficial owner of the Placing Shares and the Vendor has the necessary power and authority and has obtained all necessary consents to enable it to sell or procure the sale of the Placing Shares hereunder and this Agreement constitutes valid and legally binding and enforceable obligations of the Vendor;
Appears in 4 contracts
Samples: China Enterprises LTD, China Enterprises LTD, China Enterprises LTD