Examples of CNBM Parent in a sentence
As a result, the Merger will constitute a major acquisition for CNBM under Chapter 14 of the Listing Rules.Also, as CNBM Parent, the controlling shareholder of CNBM, controls more than 30% of the equity interest in Sinoma through Sinoma Parent which is a wholly-owned subsidiary of CNBM Parent, Sinoma is an associate (as defined under the Listing Rules) of CNBM Parent and hence a connected person of CNBM under the Listing Rules.
On 25 August 2017, CNBM was notified by the CNBM Parent of the proposal to nominate Ms. Xu Weibing for appointment as a supervisor of CNBM in replacement of Mr. Wu Jiwei with effect from the date of the CNBM EGM until 29 May 2019, being the end of the term of the current session of the Supervisory Committee, when she will be eligible for re-election, as a result of work re-designation.
As the proposal in relation to bonus issue of shares on the basis of ten bonus shares for every ten shares held by shareholders of CNBM was passed at the 2010 annual general meeting of CNBM, CNBM Parent and Cinda entered into a supplemental agreement to the aforesaid two share transfer agreements on 31 August 2012, whereby Cinda agreed to adjust the 61,800,137 CNBM Domestic Shares transferred to CNBM Parent to 123,600,274 CNBM Domestic Shares.
CNBM Trading and Building Materials Academy are wholly-owned subsidiaries of CNBM Parent.
Consequently, under the SFO, CNBM Parent was deemed to own 2,343,051,544 CNBM Domestic Shares (representing 92.98% in the domestic share capital and 43.39% in the total share capital) and Cinda was deemed to own 14,832,034 CNBM Domestic Shares (representing 0.58% in the domestic share capital and 0.27% in the total share capital).
Sinoma Group is principally engaged in three business segments, namely cement equipment and engineering services, cement and high-tech materials, including glass fibre, composite materials, synthetic crystals and advanced ceramics.Sinoma is owned directly and indirectly as to approximately 43.87% by Sinoma Parent which is in turn wholly-owned by CNBM Parent.
Of these 2,219,451,270 shares, 504,991,734 shares are directly held by CNBM Parent, the remaining 1,714,459,536 shares are deemed corporate interest indirectly held through BNBMG, CNBM Trading and Building Materials Academy.
As disclosed in the announcements of CNBM and Sinoma both dated 8 March 2017, CNBM and Sinoma received notification from CNBM Parent, respectively, that the registration regarding the Parents Reorganisation with the relevant industry and commerce authorities in the PRC was completed.CNBM and Sinoma propose to implement the Merger by way of a merger by absorption and share-exchange.
Pursuant to a share transfer agreement dated 31 December 2009 entered into between CNBM Parent and Cinda, Cinda agreed to transfer 49,000,000 CNBM Domestic Shares of CNBM to CNBM Parent (“ First Transfer of Shares”).
As disclosed in the announcements published by each of CNBM and Sinoma both dated 8 March 2017, CNBM and Sinoma received notification from CNBM Parent, respectively, that the registration regarding the Parents Reorganisation with the relevant industry and commerce authorities in the PRC was completed.LETTER FROM SINOMA’S BOARD(2)Information on Sinoma Sinoma, a state-owned enterprise, is a joint stock company incorporated in the PRC with limited liability.