HECIC definition
Examples of HECIC in a sentence
As at the date of this announcement, HECIC is the controlling shareholder of the Company holding approximately a 49.17% equity interest in the Company, and is therefore a connected person of the Company.
In accordance with the Capital Increase Agreement, the Company, HECIC, HECIC Communications, HECIC Water and JEI shall contribute a total of RMB1 billion in cash to the Group Finance Company, and the registered capital of the Group Finance Company will amount to RMB2 billion after the capital increase.
HECIC is a wholly state-owned enterprise approved by the People’s Government of Hebei Province and is under direct supervision of ▇▇▇▇▇ ▇▇▇▇▇.
HECIC has taken control over Huihai since July 2017, while the Group still owns a 30% equity interest in Huihai (please refer to the announcement dated 12 April 2017 and the circular dated 18 May 2017 of the Company for details).
As at the date of this announcement, HECIC is the controlling shareholder of the Company and holds an approximately 49.17% equity interest of the Company and, therefore, it is a connected person of the Company.
The Group Finance Company is a non-wholly owned subsidiary of HECIC, and is also a connected person of the Company.
HECIC is a wholly state-owned enterprise incorporated under the approval of the People’s Government of Hebei Province and is under the direct supervision of the State-owned Assets Supervision and Administration Commission of the People’s Government of Hebei Province.
HECIC Water is a wholly-owned subsidiary of HECIC, which is primarily engaged in investment in, operation and management of natural water, raw water, city drainage, sewage treatment, reclaimed water, sea water desalination and other water projects and related ancillary facilities, as well as provision of relevant technical and advisory services.
As at the date of this announcement, the Company, HECIC, HECIC Water Investment Co., Ltd., HECIC Communications Investment Co., Ltd.
Hebei Gas was established under the laws of the PRC on 3 December 2018, and is held by the Company and HECIC as to 55% and 45%, respectively.