Omnitech definition
Examples of Omnitech in a sentence
On 30 December 2009, ▇▇▇ ▇▇▇▇, a wholly owned subsidiary of the Company, entered into a sale and purchase agreement as vendor with an independent third party as purchaser whereby ▇▇▇ ▇▇▇▇ agreed to sell and the Purchaser agreed to purchase 38,125,983 shares in Omnitech, representing the entire shareholding held by ▇▇▇ ▇▇▇▇ in Omnitech, and a loan owing by Omnitech to ▇▇▇ ▇▇▇▇ in the amount of HK$54,659,807 at an aggregate consideration of HK$5.00.
Upon completion of the Disposal, the Company ceases to have any interest in Omnitech.
ATR and Omnitech wish to terminate their relationship under the Distributor and Co-Development Agreement and settle their differences.
Omnitech was a 77.04% owned subsidiary of the Company listed on the Australian Stock Exchange.
In December 2002, Coda Octopus Ltd acquired OmniTech AS, a Norwegian company, which became a wholly-owned subsidiary of Coda Octopus Ltd and now operates under the name CodaOctopus Omnitech AS.
This Mutual Release and Settlement Agreement is effective when it has been fully executed by ATR and Omnitech.
ATR and Omnitech further agree that after the effective date, Omnitech shall continue to have the right to serve its existing Cortex clients and any marketing, territorial or ownership rights it had before the effective date will continue.
As at 30 June 2009, Omnitech has unaudited consolidated net liabilities of approximately AUD8,559,000 (i.e. HK$53,389,000).
Limited technical assistance on installation of this GFE is available to the participant from Omnitech Robotics International.
The trading of the shares of Omnitech on the Australian Stock Exchange has been suspended since 31 July 2009.