PRC Property definition

PRC Property. ’ means 中國廣東省深圳市寶安區公明街道合水口居委第五工業區

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PRC Property means the land and building currently being constructed by FICO(PRC) at Shenzhen relevant particulars of which are set out in Schedule 10;

PRC Property means the leasehold property at ▇▇▇▇▇▇▇ Industrial Estate, ▇▇▇▇▇▇▇ Street, Manchester M12 5BT more fully described in the Lease;

Examples of PRC Property in a sentence

• Renren and Nuomi shall cause the equity pledge agreements signed by the Baidu Nominee and Renren Nominee in favor of WFOE to be registered with the local Administration of Industry and Commerce in accordance with the PRC Property Law, within 30 calendar days after the Closing.

• An assessment of the existing cemetery, located in the PRC Property for purchase by the PRC, was conducted by Chicora Foundation, Inc., in accordance with guidelines of the State Historical Preservation Office of the South Carolina Department of Archives and History.

• As the lease term for the PRC Property Phase I and the PRC Property Phase II expired on 31 August 2023, the Group entered into the Lease Agreement to expand and integrate its operations at the PRC Property, which includes the production base and facilities located at the PRC Property Phase I and the PRC Property Phase II, to achieve synergistic and cost-effective effects.

• Each of RP Hotel HK and RP Golf HK is an investment holding company holding 88% equity interest of the PRC Hotel Co. and the PRC Property Co. respectively.

• To cope with the Group’s business development in the PRC, the Group requires further office spaces for its operation and therefore has decided to lease the PRC Property (III).

• Being the remuneration in the participation of and contribution in the PRC Property Development, C Cheng (Guangzhou) Investment will have the Right of Use of an entire office floor after the completion of the PRC Property Development.

• As the Group is also operating in the PRC, the Group has been using the PRC Property (I) and the PRC Property (II) as offices premises.

• Having considered the reasons as mentioned below and taking into account the market rent of the PRC Property as determined by the independent valuer, the Board (including the independent non-executive Directors) considers that the terms of the Lease Agreement are fair and reasonable and the transactions contemplated thereunder are on normal commercial terms and are in the interests of the Company and its Shareholders as a whole.

• Accordingly, neither the PRC Hotel Co. nor PRC Property Co. has any business operations or any assets currently.

• The aggregate rent paid by the Group in respect of the HK Property (I), HK Property (II), PRC Property (I) and PRC Property (II) for the two years ended 31 March 2009 and 31 March 2010 amounted to approximately HK$9,400,000 per year.

More Definitions of PRC Property

PRC Property the industrial complex situated at 中國上海青浦區工業園區 2 街坊19 / 6 丘( 上海市房地產權証編號： 滬房地青字( 2008 ) 第 010072號) constructed with a gross floor area of approximately 17,877 square metres (subject to final approval from the relevant governmental authorities), being a subject matter under the AIC- SP Agreement “Previous Courage Marine Pilot Assets, ▇▇▇ ▇▇▇▇-▇▇▇▇, ▇▇ ▇▇▇▇-Hong, ▇▇▇▇ ▇▇▇▇-▇▇▇▇ BVI Shareholders” and ▇▇▇ ▇▇▇▇▇-▇▇▇▇ “Pronto” Pronto Star Limited, a company incorporated in BVI with limited liability and a Controlling Shareholder, which is wholly-owned by ▇▇▇▇ ▇▇▇-▇▇▇▇ “Raffles Marine” Raffles Marine Corp., a company incorporated in Panama on 14 December 2004 with limited liability and is an indirect wholly-owned subsidiary of our Company “Remuneration Committee” the remuneration committee formed by and under the Board with responsibility, among others, to recommend remuneration of the Directors “ROC” or “Taiwan” Taiwan, or Republic of China “Sale” the sale of 10,588,293 Shares (representing approximately 1% of our Shares in issue by China Lion as vendor to the Bridging Dealer on or before the Bridging Period), at a sale price of S$0.155 per Share, being the closing price of our Shares quoted on the SGX-ST on the date of and pursuant to the Sale and Repurchase Agreement “Sale and Repurchase Agreement” the stock sale and purchase and repurchase agreement relating to Shares dated 23 May 2011 as specifically described in the section headed “Listings, Registration, Dealings and Settlement – Bridging Arrangements – Intended Arbitrage Activities during the Bridging Period” of this document “Sea Pioneer” Sea Pioneer Marine Corp., a company incorporated in Panama on 6 November 2008 and is an indirect wholly-owned subsidiary of our Company “Sea-Sea Marine” Sea-Sea Marine Company Limited, a company incorporated in BVI and a Controlling Shareholder, which is wholly-owned by Besco which in turn is wholly-owned by HSBC Trustee in its capacity as trustee of a discretionary trust known as The Lowndes Foundation “Sea Valour” Sea Valour Marine Corp., a company incorporated in Panama on 25 October 2005 with limited liability and is an indirect wholly-owned subsidiary of our Company

PRC Property the two properties details of which are set out in Schedule 3;

PRC Property means the site or any buildings located at ▇▇. ▇▇▇, ▇▇▇ ▇▇▇ Road, Shanghai (including, for the avoidance of doubt, both allocated land and granted land).