CASIC definition

CASIC. China Aerospace Science and Industry Corporation ( 中 國 航 天 科 工 集 團 有 限 公 司 ), a company incorporated in the PRC;
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CASIC. China Aerospace Science and Industry Corporation Limited, a limited liability company incorporated in the PRC, and its ultimate beneficial owner is the State-owned Assets Supervision and Administration Commission of the State Council;
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Examples of CASIC in a sentence

  • CASIC is a large state-owned enterprise in China, principally engaged in the research and development and manufacturing of high-tech products, such as aerospace and defence technology, information technology and equipment in the PRC.

  • CASIC is incorporated in the PRC and is the ultimate beneficial owner of 100% equity interest in Aerospace Science and Industry Financial Corporation.

  • In respect of the Strategic Cooperation Framework Agreement, as at the date of this announcement, CASIC indirectly holds 29.98% of the shares in the Company through its wholly-owned subsidiary, Kehua, and therefore is a substantial shareholder and a connected person of the Company.

  • Entering into the Strategic Cooperation Framework Agreement (i) is conducive to Honghua Investment and its subsidiaries’ product sales, increasing the Group’s revenue; (ii) is conducive to expanding market, and providing a variety of options under the general environment of falling oil prices and economic downturn; and (iii) is conducive to achieving the business synergy among the investees of CASIC, and realising the complementarity of resources and win-win situation for all parties.

  • CASIC and its subsidiaries together hold a 46.5% equity interest in ASIFL, consequently, ASIFL is an associate of CASIC and in turn a connected person of the Company.

  • CASIC and its subsidiaries together hold a 46.5% equity interest in ASIFL, thus ASIFL is an associate of CASIC and in turn a connected person of the Company.

  • As a non-bank financial institution invested and established by CASIC and its affiliates, it is principally engaged in financial services for various units within CASIC, such as deposits and loans, fund settlement, bill acceptance and discounting as well as entrusted loans.

  • The ultimate beneficial owner of CASIC is the State-owned Assets Supervision and Administration Commission of the State Council of the PRC.

  • CASIC directly holds 100%, 49.51% and 100% equity interest in Guizhou Aerospace, Aerospace Cloud and Aerospace Sanjiang, respectively, thus Guizhou Aerospace, Aerospace Cloud and Aerospace Sanjiang are all Associates of CASIC and in turn connected persons of the Company.

  • In addition, as CASIC is interested in the Strategic Cooperation Framework Agreement, CASIC and its associates will abstain from voting to approve the Strategic Cooperation Framework Agreement (including the transactions contemplated thereunder and relevant proposed caps) at the annual general meeting.