NCHK definition

NCHK. The New China Hong Kong Highway Limited, a limited liability company incorporated in BVI “NCHK Shares” ordinary shares of US$0.01 each in the share capital of “NCHK(CM)” The NCHK Highway (Chengdu Mianyang) Limited, a limited liability company incorporated in BVI and an indirect wholly-owned subsidiary of the Company
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Examples of NCHK in a sentence

  • Accordingly, the Directors considered that the Group had lost its significant influence over NCHK since then and have reclassified the Group’s interests in NCHK and SCECL as an available-for-sale investment in the Group’s accounts thereafter.

  • Under such circumstances, pursuant to Rule 14.20 of the Listing Rules, the Company has submitted and the Stock Exchange has agreed that the Company may adopt alternative size tests, at which the profits ratio and revenue ratio are calculated with reference to the dividend declared by NCHK and the dividend policy established by NCHK.

  • Prior to the completion of the Agreement, NCHK(CM) held approximately 26.19% of the issued share capital of NCHK, which in turn holds 60% equity interest in SCECL.

  • NCHK(CM) and the Previous NCHK Minority Shareholder commenced the Proceedings against, inter alios, NCHK and BVL in September 2009 to seek relief and compensation arising from the unfairly prejudicial conduct of the new directors of NCHK, or alternatively, the winding up of NCHK.

  • NCHK is an investment holding company and has not carried on any business since its incorporation other than the formation of SCECL with its joint venture partner and holding of 60% equity interest in SCECL.

  • The Directors consider that the Disposal represents a good opportunity for the Group to realise its investment in NCHK and for NCHK(CM) to settle the Proceedings and the appeal therefrom.

  • During the year ended 31 December 2008, there was a change of the controlling shareholder of TransGlobal, the immediate holding company of BVL, which resulted in the appointment of new directors of NCHK.

  • The Group’s interests in NCHK and SCECL are classified as available-for-sale investment in the Group’s accounts.

  • As stated above, the Directors considered that the Group had lost its significant influence over NCHK since 2008.

  • The business carried on by NCHK and SCECL does not form part of the Group’s core business.