Target Company. (1) The Target Company is a limited company duly organized and validly existing under the laws of the place of registration, and has the full capacity to execute on its own behalf and perform this Agreement according to the applicable laws.
Target Company. Zhuolu Dadi Gas Co. Ltd., (hereinafter referred to as “Zhuolu Company” or the “Target Company”), a limited company established and existing under the laws of China, with its registered address at Zhuolu County, Zhangjiakou, Hebei Province, with its legal representative of Xxxx Xxxxxxxx.
Target Company. Beijing Century Dadi Gas Engineering Co., Ltd. (hereinafter referred to as “CENTURY DADI” or the “Target Company”), a limited company established and existing under the laws of China, with its registered address at [No.51 Qingchun Road，Huairou District, Beijing, with its legal representative of Xxxx Xxxxxxxx.
Target Company. Xinguang is an enterprise entity set up continues to exist according to Chinese law and a limited liability company controlled by Party A
Target Company. The authorized capital stock of Target Company consists of 500,000 shares of common stock, of which 50,488 shares as of the date hereof are issued and outstanding. All of the Target Shares have been duly authorized and validly issued and are fully paid and non-assessable, and are owned beneficially and of record by Seller. Seller has good and marketable title to the Target Shares, free and clear of any Liens.
Target Company. 80% of the equity interest in the target company lawfully held by Party A with a registered capital contribution of RMB 25,600,000 in the Target Company.
Target Company a. The Target Company is a legal person duly established, validly existing and duly operating in accordance with the PRC law;
Target Company. To the best of the Directors’ knowledge, information and belief, and having made all reasonable enquiries, each of the Other Investors and their ultimate beneficial owner(s) is an Independent Third Party. Capital Injection Immediately prior to the Capital Injection, the registered capital of the Target Company was RMB100 million, of which approximately RMB66,500,000 was paid and Jinzhou Yangguang owned 15% equity interest in the Target Company. Under the terms of the Capital Injection Agreement, Jinzhou Yangguang agreed to inject a capital of RMB18 million into the Target Company by way of cash contribution. The amount of the Capital Injection was determined after arm’s length negotiation between Jinzhou Yangguang with reference to the estimated funding and general working capital required for the operation of the Target Company for the purposes described in the section headed ‘‘Reasons for and the Benefits of the Capital Injection’’ below. Upon completion of the Capital Injection, the Target Company will be held as to 28% by Xxxxxxx Xxxxxxxxx and the total registered capital of the Target Company will be increased from RMB100 million to RMB118 million. The amount of the Capital Injection in the amount of RMB18 million to be contributed by Xxxxxxx Xxxxxxxxx will be funded by the Group’s internal resources. Completion Completion shall take place immediately after the signing of the Capital Injection Agreement. Pursuant to the Capital Injection Agreement, after completion of the Capital Injection, there will be no change to the board of directors of the Target Company. It will continue to consist of seven members, two of whom shall be nominated by Xxxxxxx Xxxxxxxxx. INFORMATION ON THE TARGET COMPANY The Target Company was established in the PRC with limited liability. Further information on the Target Company as at the date of this announcement is set out below:
Target Company. Subject matter of the Exclusive Option Agreements Pursuant to the Exclusive Option Agreement (Guangzhou Daide),
Target Company. Subject matter of the Entrustment Agreements and Powers of Attorney Each of PRC Equity Owners irrevocably appoints Guangzhou Huohua or its designated person(s) (other than the PRC Equity Owners) as its attorney-in-fact to act for all matters pertaining to the Guangzhou Daide and to exercise all of their rights as shareholders of the Guangzhou Daide, including but not limited to:
