Fosun Companies definition
Examples of Fosun Companies in a sentence
The results shown by such consolidated statements of income and cash flows of the Fosun Companies have not (except as disclosed in the Financial Statements) been affected by any extraordinary, exceptional or non-recurring item or by any other fact or circumstance making the profit or loss for a period covered by any of the Financial Statements unusually high or low.
Each of the Fosun Companies has conducted its business and operations within the business scope permitted by and stated in its applicable Charter Documents or business license.
None of the Fosun Companies has received notice from any Governmental Authority of any pending or threatened investigation or enforcement proceedings against such Fosun Company.
Except for the Chuangxin Restructuring, none of the Fosun Companies is a party to any contract, commitment or transaction (including by way of loan) with (a) Seller or an Affiliate of Seller (other than any other Fosun Company) or (b) any Related Person, other than employment contracts in the ordinary course, which have been disclosed to Buyer.
Each of the Fosun Companies has made all requisite material declarations, filings and registrations with the relevant Governmental Authorities and its operations are in compliance in all material respects with all relevant published and publicly available PRC Law.
Each of the Fosun Companies is duly licensed or qualified to do business in each jurisdiction in which its properties are owned or the operations of its business is carried out and is in good standing in such jurisdictions.
Nothing in this Agreement contains or will contain an untrue statement of a material fact relating to the Fosun Companies, or the business of the Fosun Companies; and nothing in this Agreement omits or will omit to state a material fact required to be stated herein or necessary to make any of the representations, warranties or other statements or information contained herein not misleading.
Seller has delivered to Buyer true and complete copies of each business license of each of the Fosun Companies.
There are no existing, or to Seller’s knowledge, threatened strikes or other labor disputes against the Fosun Companies that would be reasonably likely to have a Material Adverse Effect.
All Fosun Companies are in compliance in all material respects with all applicable PRC Laws, except for such noncompliance that would not reasonably be likely to have a Material Adverse Effect.