Examples of Project Companies in a sentence
Distribution of profits Profits of Type 1 Project Companies will be distributed among the parties according to their percentage of equity interests held.
Details of the companies involved in Project Two, namely SMart Wind (the promoter of Project Two, as agent on behalf of the Project Companies) and the Project Companies (together the Applicant for the Order), and their shareholders and their ultimate parent companies, are set out below.
For Shenzhong Project, RMB500 million shall be paid within 5 days after the signing of the Formal Agreement, RMB289.527 million shall be paid within 10 working days after the increase of the registered capital of the relevant Type 1 Project Company and RMB122.223 million shall be paid within 10 working days after the expiration of 6 months after the increase of the registered capital.The aggregate book value of the Type 1 Project Companies is approximately RMB312,491,000.
Transaction Pursuant to the Formal Agreement, Zhongshan Yajing will cooperate with Shiguang Chuangjian and Shiguang Related Parties by way of injection of fund into each of the Type 1 Project Companies as its new registered capital and (if required) shareholder’s loans such that 50% of the equity interests of each of the Type 1 Project Companies will be held by each of (1) Zhongshan Yajing and (2) Shiguang Chuangjian and/or Shiguang Related Parties respectively.
Type 1 Project Companies will not be subsidiaries of the Company and accordingly their financial results, assets and liabilities will not be consolidated into the accounts of the Group.