First Vendor definition

First Vendor. Beijing Jingtai Commercial Management (Limited Partnership) (北京景泰商業管理中心(有限合夥)), a limited partnership established in the PRC and a wholly-owned subsidiary of the Company

First Vendor. Grand Ming Holdings Limited, a company incorporated in Hong Kong with limited liability

First Vendor. Fantasia Investment (Singapore) Pte. Ltd., a limited liability company incorporated in Singapore, wholly-owned by the Second Vendor and an indirect wholly-owned subsidiary of the Company as at the date of the First Agreement;

Examples of First Vendor in a sentence

• The First Vendor and the Second Vendor (collectively Promoter No.1) are the absolute and lawful owners of the property shown in RED border on Plan – “A” annexed hereto and more fully described in Part I and Part II respectively of the FIRST SCHEDULE hereto (the “SAID LAND”) as per the devolution of title of the Said Land more fully described in the SECOND SCHEDULE hereto.

• Executed and Delivered by the First Vendor herein at Kolkata in the presence of: Executed and Delivered by the Second Vendor herein at Kolkata in the presence of: Executed and Delivered by the Promoter No. 2 herein at Kolkata in the presence of: Executed and Delivered by the Purchaser herein at Kolkata in the presence of: MEMO OF CONSIDERATION Received from the within named Purchaser the below mentioned sum in the manner as mentioned below.

• The First Vendor is a company established in the PRC with limited liability.

• Pursuant to the Sale and Purchase Agreement I, the Group will acquire from the First Vendor the entire issued share capital in the Hong Kong Company.

• Except as mutually agreed to in writing as an exception under this Agreement, Customer will not, nor allow any third party to modify, lease, lend, use for timesharing or service bureau purposes or otherwise use or allow others to use Software for the benefit of any third party.

More Definitions of First Vendor

First Vendor. Beijing Equity Interests Investment and Development Center II* (北京股權投資發展中心二期) “Fourth Vendor” Huajian International Industrial (Shenzhen) Co., Ltd.* (華建國際實 業（深圳）有限公司)

First Vendor. Dragon King Toys Limited, a company incorporated in Hong Kong with limited liability, and wholly-owned by the Vendor;

First Vendor. Grand Victory (Hong Kong) Limited（宏業（ 香港）有限公 司）, a company incorporated in Hong Kong with limited liability

First Vendor. Xx. Xxxx Xxx Xxxx

First Vendor. Tech System Limited, a company incorporated under the laws of Hong Kong;

First Vendor. Tech System Limited, a shareholder of 23.39% of the issued share capital of SpeedCast; Second Vendor : Yahoo!Inc., a shareholder of 1.26% of the issued share capital of SpeedCast; and Purchaser : AsiaSat, an indirectly wholly-owned subsidiary of the Company. SUBJECT MATTER Pursuant to the First Agreement and the Second Agreement, AsiaSat purchased from the First Vendor and Second Vendor their entire shareholdings of 23.39% and 1.26% respectively in SpeedCast. Upon completion of the Transaction, the shareholding of AsiaSat in SpeedCast increased from 47.36% to 72.01% and SpeedCast became a subsidiary of AsiaSat. CONSIDERATION The aggregate consideration of the First Agreement and Second Agreement was approximately US$2.96 million (HK$23.07 million) in cash which was funded by the internal resources of AsiaSat and paid upon completion of the Transaction. The completion of the Transaction took place on 31 August 2007. The consideration of the Transaction was negotiated on an arm's length basis having regard to the value of the revenue, assets, profits and the business prospects of SpeedCast. INFORMATION ON THE VENDORS The Company understood from the First Vendor that it is an investment holding company. The Company also understood from the Second Vendor that it is an internet business company. To the best of the knowledge, information and belief of the Directors, both the First Vendor, the Second Vendor and their ultimate beneficial owner(s) are third party independent of the Company and its connected persons as defined in the Listing Rules. INFORMATION ON SPEEDCAST Established in 2000, the principle business of SpeedCast is an investment holding company which directly owns the entire issued share capital of SpeedCast Limited, a company that provides two way backbone and broadband solutions to a diversified market portfolio in a number of countries. AsiaSat made its initial investment into SpeedCast in April 2000 and gradually increased its shareholding in SpeedCast to 47.36% up to April 2004. There was no change in the shareholding of AsiaSat in SpeedCast since then until the completion of the Transaction on 31 August 2007. -4- ------------------------------------------------------------------------------- LETTER FROM THE BOARD ------------------------------------------------------------------------------- The book value of the total assets and net assets in SpeedCast as at the date of the Transaction were approximately HK$44 million and HK$11 million respec...

First Vendor. Mega Universe Limited, a company incorporated in the British Virgin Islands with limited liability, an indirect wholly-owned subsidiary of the Company;