CITIC definition
Examples of CITIC in a sentence
If such process agent ceases to be able to act as such or to have an address in Hong Kong, each of CITIC, Able Star and the Company irrevocably agrees to appoint a new process agent in Hong Kong acceptable to the other parties and to deliver to other parties within 14 days a copy of a written acceptance of appointment by the process agent.
Any such agreement shall specify the terms on which it is made and given (including any minimum level of ownership and/or control which CITIC or GEC, as the case may be, is required to maintain in such subsidiary) and, in the event of any failure to comply with such conditions at any time, the relevant entity shall (for the avoidance of doubt) be deemed to have ceased to be a Qualifying Subsidiary, as the case may be.
CITIC and GEC agree that they consider that the restrictions contained in this Clause 20 are no greater than is reasonable and necessary for the protection of the interests of the Company and each other but if any such restriction shall be held to be void but would be valid if deleted in part or reduced in application, such restriction shall apply with such deletion or modification as may be necessary to make it valid and enforceable.
The GE Shareholder and the CITIC Shareholder have incorporated a new entity, Bidco, through which to privatise AsiaSat for cash consideration, either by way of a scheme of arrangement of AsiaSat to cancel all AsiaSat Shares and AsiaSat ADSs or by way of a voluntary general offer for the entire issued share capital of AsiaSat and AsiaSat ADSs, in each case other than in respect of AsiaSat Shares already held by Bowenvale.
CITIC Limited enjoys leading market positions in sectors well matched to China’s economy.