Examples of PRC WFOEs in a sentence
Each HK SPV holds a 100.0% interest in a People's Republic of China ("PRC" or "China") wholly foreign-owned enterprise ("PRC WFOE", and collectively the 11 wholly foreign-owned enterprises, the "PRC WFOEs").
In addition, as a registered company in the PRC, WFOEs are also required to annual submit filings to the State Administration for Industry and Commerce (“SAIC”; 國家工商行政管理總).
The PRC WFOEs holding the Relevant Assets are in the process of applying for the property title certificates in respect of these Relevant Assets.
Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Group having an aggregate value of US$10,000,000 or affects the equity interest in the registered capitals of any of the PRC WFOEs and is not discharged within 60 days.
The current holding structure of the Property is similar to the one that was in place at the time of establishment of the Project Company and was adopted in 2007 when the PRC WFOEs acquired a 99% interest in the Project Company from its founding shareholders (other than the Project Company Minority Shareholder) pursuant to an internal restructuring of Yuexiu Group.
All the equity interests of the PRC WFOEs are legally owned by its shareholder HK Building DreamStar Technology Limited (香港築夢之星科技有限公司), and, to our knowledge after due and reasonable inquiries, such equity interests are free and clear of all security interest, encumbrances, mortgage, pledge, liens, equities or claims or any third-party right.
The total registered capital of each of the PRC WFOEs shall be paid in accordance with contribution schedule under the relevant PRC Laws.
Your disclosure states that none of your PRC WFOEs and other subsidiaries have made any dividends or other distributions to you, however, the comment is intended to address whether any transfers, dividends, or distributions have been made to date between the holding company, its subsidiaries, and consolidated VIEs, or to investors.
Trash will be picked up from a central trashcan outside of Premises, but inside the building where Premises is located.
Each of the Borrowers is and shall remain the sole registered legal owner of the entire equity interest in the registered capital of the relevant PRC WFOEs, respectively.