SCSB Clause Samples
SCSB. The Board of Directors of SCSB following the Effective Time, until such time as their respective successors have been elected and qualified, shall consist of those persons who are serving as directors of Blue River immediately prior to the Effective Time. The officers of SCSB serving immediately prior to the Effective Time shall be the officers of SCSB following the Effective Time until the Board of Directors of SCSB shall elect new or successor officers. In addition, as of the Effective Time, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ shall resign as President and Chief Executive Office of SCSB, and ▇▇▇▇▇▇ ▇. ▇▇▇▇ shall be elected as the President and Chief Executive Officer of SCSB and shall serve in such positions until such time as his successor has been duly elected and qualified.
SCSB. SCSB is a private limited company incorporated in Malaysia, has a total issued share capital of RM250,000.00 comprising 250,000 ordinary shares and is principally engaged in property development. SCSB is a 99.99%-owned indirect subsidiary of Sunsuria through its wholly-owned subsidiary, Sunsuria Symphony Sdn. Bhd. (which holds a 50% direct interest in SCSB) and its 99.99%- owned subsidiary, SGSB (which holds a 50% direct interest in SCSB).