Examples of China Assets in a sentence
Such appraisal was prepared by China Assets Appraisal based on the income approach.
Mr. Yeung, by virtue of his capacity as the Director, is presumed to be a party acting in concert with Mr. Lo, Kinmoss, New Synergies, China Assets and Mr. Zhou until completion of the Open Offer.
Mr. Zhou, by virtue of his capacity as the Director, is presumed to be a party acting in concert with Mr. Lo, Kinmoss, New Synergies, China Assets and Mr. Yeung until completion of the Open Offer.
China Assets is an investment holding company incorporated in Hong Kong with limited liability, the entire issued share capital of which is wholly and beneficially owned by New Synergies.
Crystal Hub is a direct wholly-owned subsidiary of South China Assets Holdings Limited (“SCAH”), which, in turn, is 64.92% beneficially owned by Mr. Ng. Green Orient is an indirect wholly-owned subsidiary of the Company.
China Assets Investments in RMB by a fund in China A / B Shares or onshore China fixed income securities and other permissible securities denominated in RMB may be made through any permissible means pursuant to any prevailing regulations, including through the Qualified Foreign Institutional Investor (“QFII”) quota, the Shanghai-Hong Kong Stock Connect and the Shenzhen - Hong Kong Stock connect programmes (the “Stock Connect”) and any other eligible means.
Additionally, the Debtor designated Cipla as the Back-up Bidder for the China Assets.
Thereafter, Qilu and the Debtor entered into a settlement and release agreement on January 20, 2020 (the “ Settlement and Release Agreement”) relating to Qilu’s refusal toconsummate its transaction for the China Assets.
Given the time and expense of remarketing and selling the China Assets to Xuanzhu, the initial Wind Down Reserve (as provided for in the Final DIP Order) proved insufficient to satisfy incurred and projected administrative costs (including professional fees) through a plan effective date.
On December 29, 2019, after nearly a five (5) month marketing and documentation process, the Debtor entered into an asset purchase agreement with Xuanzhu (HK) Biopharmaceutical Limited (“ Xuanzhu”) for the China Assets (the “Xuanzhu Sale”).