Kitking definition

Kitking. Kitking Global Limited, a company incorporated in the British Virgin Islands with limited liability and a wholly-owned subsidiary of the Company as at the date of the Agreement “Kitking Group” Kitking and its subsidiaries Exchange
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Examples of Kitking in a sentence

  • This provision shall not require Lessee to strip the paint off the Aircraft or require Lessee to repaint the Aircraft.

  • The Consideration is determined after arm’s length negotiations between the Vendor and the Purchaser taking into account factors including the net liabilities of the Kitking Group and the amount of the shareholder’s loan owed by the Kitking Group to the Remaining Group as at 31 December 2011, and the unsatisfactory performance of the Kitking Group in recent years.

  • Upon Completion, the Group shall cease to hold any interest in Kitking and the Kitking Group shall cease to be subsidiaries of the Company.

  • The actual gain arising from the Disposal however will be calculated based on the financial information of the Kitking Group as at Completion which may be different from the estimated gain disclosed above.

  • The group structure of the Kitking Group is set out below: The Company Mitsumaru Holdings 100% 100% Shanghai Zhancheng ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ EKE Shanghai EKE China 67% 21.7%* * EKE Shanghai holds 21,7% equity interest in Shanghai Zhancheng, with a percentage of both the voting rights and profit sharing of 19.3%.

  • The Kitking Group is engaged in the design of chassis of colour televisions, assembly of colour televisions and trading of components related to colour televisions.

  • The Kitking Group is principally engaged in the design of chassis of colour televisions, assembly of colour televisions and the trading of components related to colour televisions.

  • Taking into account the unsatisfactory performance of the Kitking Group, the cash proceeds receivable and possible gain arising from the Disposal and the opportunity to reallocate resources after the Disposal to other business segments which may have better growth potential, the Directors (including the independent non-executive Directors) are of the view that the terms of the Agreement are fair and reasonable and the Disposal is in the interest of the Company and the Shareholders as a whole.

  • The Sale Share represents 100% of the issued share capital of, and the Group’s entire interest in, Kitking.

  • Despite the significant improvements in turnover and gross profit, the Kitking Group still suffered loss after tax of approximately HK$9.9 million after taking into account the substantial amount of depreciation expenses in respect of property, plant and equipment of approximately HK$5.6 million, write-down of inventories of approximately HK$6.3 million and impairment of trade receivables of approximately HK$5.0 million.