CR Leasing definition

CR Leasing. China Resources Leasing Co., Ltd.（ 華潤租賃有限公司）, a limited liability company established in the PRC and an indirect non wholly-owned subsidiary of CRI as at the date of this announcement; “CR Leasing (Hong Kong)” China Resources Leasing (HK) Company Limited, a company incorporated in Hong Kong with limited liability, in which CRI holds 100% indirect interest as at the date of this announcement; “CR Leasing Strategic Cooperation Agreement 2017” the strategic cooperation agreement entered into between the Company and CR Leasing on 12 May 2017; “CR Leasing Strategic Cooperation Agreement 2020” the strategic cooperation agreement entered into between the Company and CR Leasing on 9 December 2019; “CR Pharmaceutical Commercial” China Resources Pharmaceutical Commercial Group Company Limited（華潤醫藥商業集團有限公司）, a company established in the PRC and a wholly-owned subsidiary of the Company; “CR Pharmaceutical Holdings” China Resources Pharmaceutical Holdings Company Limited （ 華潤醫藥控股有限公司）, a company established in the PRC and a wholly-owned subsidiary of the Company;
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CR Leasing. China Resources Leasing Company Limited* (華潤融資租賃有限公司), a company incorporated in PRC with limited liability, of which CRH indirectly holds approximately 81.22% equity interests as at the date of this announcement; “CR Leasing Group” CR Leasing and its subsidiaries (including but not limited to the Factoring Company);
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Examples of CR Leasing in a sentence

  • CR Leasing was established in 2006 in the PRC, and is principally engaged in financial leasing, leasing, factoring and other related consultancy and guarantee services, and is headquartered in Shenzhen, the PRC.

  • The Group may use the financial services and products provided by CR Leasing, including but not limited to financial leasing, leasing and related consultancy and guarantee services, and factoring in relation to the principal business of the Group.

  • The Board is of the view that the Group will retain the flexibility and discretion in selecting CR Leasing and/or other independent financial institutions or commercial banks taking into consideration its business needs and the fees and quality of services and products offered.

  • As at the date of this announcement, it is held as to 20% by CR Pharmaceutical Holdings, 20% by CR Pharmaceutical Commercial and 60% by CR Leasing (Hong Kong), and is an indirect non wholly-owned subsidiary of CRI.

  • Such service fees and commissions are determined and charged by CR Leasing based on the prevailing market rates for financial services of similar type, nature and quality at the time of the transaction.

  • The services and products will be provided by CR Leasing on normal commercial terms which apply to its other independent customers.

  • The Group shall also obtain quotations from other independent financial services providers or compare the service fees and commissions of other independent financial services providers for providing financial services and products before deciding to use the financial services and products provided by CR Leasing.

  • As at the date of this announcement, CRI, being a controlling shareholder of the Company indirectly holding 53.05% interest in the Company, indirectly holds 60% interest in CR Leasing.

  • The CR Leasing Strategic Cooperation Agreement 2021 will expire and cease to have effect on 1 January 2023.

  • Listing Rules implications for the New CCT Agreements At the date of this announcement, CRC is the holding company of CRH, a controlling shareholder of the Company, and owns approximately 75.33% and 51% interests in CR Bank and CR Trust, respectively, and CRH and CR Pharm (its subsidiary) indirectly also respectively hold 60% and 40% interests in CR Leasing.