Poly Ronghe definition
Poly Ronghe. Poly Ronghe Financial Leasing Company (保利融禾融資租賃有限 公司), a non wholly-owned subsidiary of the Company, with 80% of its equity interest held by the Company and its associates and 20% of its equity interest held by an independent third party
Examples of Poly Ronghe in a sentence
Poly Ronghe is a company incorporated in the PRC on 26 May 2016 and is a non wholly-owned subsidiary of the Company.
The execution of Factoring Agreement is conducive to giving full play to the advantages of all parties; the proceeds can be expected; the risk is controllable; and it is beneficial for Poly Ronghe to activate its debt assets, widen its finance channels, improve its finance structure, and build on its development strength.
In addition, Poly Ronghe is a non wholly-owned subsidiary of the Company.
The Board considers that it is fair and reasonable for Poly Ronghe to provide its guarantee of debt payable under the Factoring Agreement.