The Project Company. 9.1.1. ceases to comply with all Environmental Law;
The Project Company. (a) As of the Closing, DVSL shall be owned by the Parties in accordance with the DVSL Operating Agreement, and the Project shall be wholly owned by DVSL. The Project, the Project Documents, Permits, Financing Agreements (if any), the Shared Facilities and any assets, equipment, parts, interests or other property (tangible or intangible) related to the Project shall be and at all times shall have been the sole assets of DVSL.
The Project Company. The Project Company is a company newly incorporated under the laws of the PRC in July 2014 with limited liability which is currently held by another fund. The Project Company was incorporated for the purposes of holding the residential and commercial project involving the development of land plots in Jialing Industrial Park of Shapingba District in Chongqing（ 重慶市沙坪壩區雙碑嘉陵工業園）with a site area of 218,303 sq.m. The acquisition of the relevant land plots by the Project Company is expected to be completed in December 2014 and the development of the relevant land plots is expected to commence in March 2015 and to be completed by the end of 2019. The properties will be offered for sale after completion. LISTING RULES IMPLICATIONS As one or more of the applicable percentage ratio(s) (as defined in Rule 14.07 of the Listing Rules) in respect of the investment in the Fund by ZHR Equity Investment Enterprise exceed 5% but are all less than 25%, the transaction under the Limited Partnership Agreement constitutes a discloseable transaction for the Company and is subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.
The Project Company. The Project Company is a company incorporated in the PRC. It is involved in the businesses of development of solar power applied technology, promotion on the application of photovoltaic products, research and development and sales of photovoltaic power generation equipment. The EPC Contractor The EPC Contractor is a company incorporated in the PRC. It is involved in the businesses of general contracting of housing and construction engineering projects by qualification, specialised contracting of foundation and foundation engineering, specialised contracting of steel structural engineering, specialised contracting of installation of mechanical and electrical equipment, specialised contracting of building and decoration projects, general contracting of municipal and public construction projects, construction of fire service facilities, non-standard production and maintenance of engineering facilities.
The Project Company. The Project Company is a limited liability company incorporated in Singapore and is indirectly owned as to 40% by the Company as at the date of this announcement. The First Purchaser and the Second Purchaser The First Purchaser and the Second Purchaser are Xx. Xxxx Xxxxxxx and Mr. Xxx Xxxxxxx, respectively. The Third Purchaser The Third Purchaser is a limited liability company incorporated in Singapore and is principally engaged in the business of investment holding. The Third Purchaser is 44.16% owned by Xx. Xxxx Xxxx, the director of the Project Company and the First Vendor, and is 55.84% owned by the management team of the Project Company, including Xxxx Xxxxx Xxxx, Xxx Xxx Xxxx, Xxxx Xx, Xx Xxxx Xxx, Xxxxxx Xxx Pe and Xxx Xx Xxx.
The Project Company. Seller hereby represents and warrants to Buyer as of the date hereof that except as disclosed in the Schedules:
The Project Company. The Project Company is a company newly incorporated under the laws of the PRC in July 2014 with limited liability which is currently held by another fund. The Project Company was incorporated for the purposes of holding the residential and commercial project involving the development of land plots in Jialing Industrial Park of Shapingba District in Chongqing（ 重 慶 市 沙 坪 壩 區 雙 碑 嘉 陵 工 業 園 ）with a site area of 218,303 sq.m. The acquisition of the relevant land plots by the Project Company is expected to be completed in December 2014 and the development of the relevant land plots is expected to commence in March 2015 and to be completed by the end of 2019. The properties will be offered for sale after completion. LISTING RULES IMPLICATIONS As one or more of the applicable percentage ratio(s) (as defined in Rule 14.07 of the Listing Rules) in respect of the investment in the Fund by ZHR Equity Investment Enterprise exceed 5% but are all less than 25%, the transaction under the Limited Partnership Agreement constitutes a discloseable transaction for the Company and is subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.
The Project Company. The Project Company is a wholly foreign-owned enterprise established in the PRC on 24 May 2006 and was wholly-owned by the Target Company as at the date of the Agreement. As at the date of the Agreement, the principal assets of the Project Company were the Properties, being the Land and the Premises. The Premises comprise a 16-level building erected on the Land operating as the Hotel. The 16-level building has a construction area of approximately 34,221.48 sq.m. and it comprises restaurants, commercial center, multifunction rooms and a total of 276 guest rooms. Save for the final renovation work on the 12th to 16th floors, the construction of the main hotel building has been completed and the Hotel has commenced its trial operations and business in stages since 2010. After that, the Project Company has recorded increasing amount of turnover and its loss making position has also improved substantially. The Premises also comprise another building which has already been constructed but is still undergoing internal design and renovation, and will be developed into the Clubhouse which has a construction area of approximately 22,412 sq.m. with a range of facilities, including but not limited to a large scale ballroom, spa, nightclub and sauna center. It is expected that the renovation of both of the 12th to 16th floors of the main hotel building and the Clubhouse will be completed by the end of December 2012. Since the Hotel and the Clubhouse could only commence full operations after the aforesaid renovation is completed, the fixed administration overheads, such as depreciation charge, were/shall be borne by the existing operations. Thus, the loss making position of the Project Company is expected to persist in the short run until the commencement of full operations of the Premises. As at the date of this announcement, the remaining parcel of the Land located at 肇慶高新區工業大街北面、肇慶宏通置業有限公司東面 (North of Gongye Street and east of Zhaoqing Hongtong Properties Limited, Dawang Hi-tech District, Zhaoqing City, Guangdong Province, the PRC*), with an area of approximately 38,219.89 sq.m. is vacant. According to the PRC legal advisers to the Company, as at the date of this announcement, the《土地使用權證》(Land Use Rights Certificate*) has been obtained. Upon obtaining the relevant《建設用地規劃許可證》(Construction Land Planning Permit*),《建設工程規劃許可證》(Construction Project Planning Permit*) and《建 築工程施工許可證》(Construction Project Building Permit*) before the construction of the vacant Land, the vacan...
The Project Company. The Project shall be undertaken by a project company funded and established by the Company or a related company of the Company. The project company shall have a registered capital of no less than RMB100 million.
The Project Company. The JV shall organize and establish the Project Company under applicable law in Mexico. The Project Company shall be wholly owned, directly or indirectly, by JV.
