FT Technology definition
Examples of FT Technology in a sentence
Pursuant to the Assets Transfer Agreement, YTO has agreed to sell and Tractors Research Company has agreed to purchase the Target Assets at a consideration of RMB45,723,052 (equivalent to approximately HK$53,038,740) (tax included) while pursuant to the FT Technology Services Agreement and YTO Technology Services Agreement, Tractors Research Group has agreed to provide certain technology services to the Group and YTO Group respectively.
Accordingly, the transaction contemplated under the Assets Transfer Agreement constitutes a connected transaction of the Company whereas the transactions contemplated under the FT Technology Services Agreement and YTO Technology Services Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.
The Board is pleased to announce that on 21 December 2010, the Company, YTO and Tractors Research Company (as the case may be) entered into the Assets Transfer Agreement, FT Technology Services Agreement and YTO Technology Services Agreement.
On 21 December 2010, the Company, YTO and Tractors Research Company (as the case may be) entered into the Assets Transfer Agreement, FT Technology Services Agreement and YTO Technology Services Agreement.
Based on a successful test, NSH and its subsidiaries shall have the exclusive right to use in perpetuity the final design of the enclosed, recirculating shrimp system to incorporate the F&T Technology in the NSH shrimp growing Technology.
With respect to the Daily Services to be provided under the FT Technology Services Agreement, the Group shall pay a service fee at a rate of 0.2% of the Sales Revenue of the Group for the year, which was determined with reference to the terms of the Old Technology Services Agreement.
Provided that one or both of these Projects proceed to completion and become operational, and Baard establishes additional project locations in North America which may include RDC FT Fuels, fertilizers or other products, RDC agrees that licensing and other related commercial fees charged for their FT Technology in the Ohio projects shall be discounted 25% for each of these developments.
Any research and development expenses incurred from provision of the technology services under the FT Technology Services Agreement shall be borne by the Group.
Since the relevant percentage ratios for the Assets Transfer Agreement and for each of the FT Technology Services Agreement and YTO Technology Services Agreement on an annual basis are less than 5%, each of the above three agreements is subject to the reporting and announcement requirements only but exempt from the independent shareholders’ approval requirement pursuant to Rule 14A.32 or Rule 14A.34 of the Listing Rules.
The parties further agree that the Group may engage other technology research and development centers for the services to be provided under the FT Technology Services Agreement.