Examples of Relevant Businesses in a sentence
Since investment in the Relevant Businesses in which we currently and may operate are subject to restrictions under current mainland China laws and regulations, as advised by our PRC legal adviser, we determined that it was not viable for our Company to hold our Consolidated Affiliated Entities directly through equity ownership.
Beijing Joyspreader and its subsidiaries hold the licenses, approvals and key assets that are essential for the operations of the Group’s Relevant Businesses (as defined in the Prospectus).
Goldman Sachs then discounted March 2023, March 2024, March 2025 and March 2026 values back one year, two years, three years and four years, respectively, using an illustrative discount rate, reflecting an estimate of cost of equity for the Ube Industries Relevant Businesses.
As a result of the Joint Absorption-Type Company Split, the New Company will assume the rights and obligations relating to the Relevant Businesses operated by Ube Industries and Mitsubishi Materials, on the date that the Joint Absorption-Type Company Split takes effect and with the exception of rights and obligations that are stipulated in the absorption-type company split agreement as not being assumed.
Instead, we decided that, in line with common practice in industries in mainland China subject to foreign investment restrictions, we would gain effective control over, and have the right to receive all the economic benefits generated by the Relevant Businesses currently operated by our Consolidated Affiliated Entities through the Contractual Arrangements between the WFOEs, on the one hand, and our Consolidated Affiliated Entities and the Registered Shareholders, on the other hand.