CMN Trading definition
Examples of CMN Trading in a sentence
CMN Trading is a wholly-owned subsidiary of CMC, the ultimate controlling shareholder of the Company and is therefore a connected person of the Company under the Listing Rules.
Reference is made to the announcement of the Company dated 17 January 2012 in relation to the Copper Cathode Sale Agreement entered into between LXML and CMN Trading, pursuant to which LXML agreed to sell and CMN Trading agreed to buy copper cathode in the quantity of between 7,000 metric tonnes and 12,000 metric tonnes to be delivered monthly between January 2012 and December 2012.
Parties : (1) LXML (2) CMN Trading Products to be sold : Sepon copper cathode.
The terms of the Copper Cathode Sale Agreement were arrived at after arm’s length negotiations between LXML and CMN Trading.
On 17 January 2012, LXML entered into the Copper Cathode Sale Agreement with CMN Trading in relation to the sale of Sepon copper cathode by LXML to CMN Trading.
This annual cap was determined by reference to the historical LME Copper Cash Settlement Quotation, the estimated future LME Copper Cash Settlement Quotation and the estimated total quantity of Sepon copper cathode to be sold by LXML to CMN Trading under the Copper Cathode Sale Agreement.
Each Lender represents that it has made, and agrees that it will continue to make, its own independent investigation of the financial condition and affairs of Borrower in connection with the making of Borrower Advances pursuant to the Note, and that it has made and shall continue to make its own appraisal of the creditworthiness of Borrower.
CMN Trading is a wholly-owned subsidiary of CMC which trades a variety of non-ferrous metals for CMC.
Total quantity of product to be sold : Between 7,000 metric tonnes and 12,000 metric tonnes (subject to further agreement(s) between LXML and CMN Trading) to be delivered monthly between January 2012 and December 2012.