SFJV definition
Examples of SFJV in a sentence
The parties acknowledge that (i) as of the date of this Amendment, the First Payment had been made, and (ii) Seller had utilized US dollars equivalent of RMB3.333 million of the portion of the First Payment to apply to the relevant PRC authorities to obtain approval of the transfer of the Shares to the Buyer and to transform the Company into an SFJV.
The parties acknowledge that it shall utilize RMB3.333 million of the portion of the First Payment to apply to the relevant PRC authorities to obtain approval of the transfer of the Shares to the Buyer and to transform the Company into an SFJV.
The Company agrees to cause the revision of the VIE Documents promptly following any change in the equity interest in SFJV held by Haoyan.
As to licenses, approvals and government grants and concessions requisite or material for the conduct of any material part of SFJV’s business which is subject to periodic renewal, the Company has no Knowledge of any reasons related to the SFJV for which such requisite renewals will not be granted by the relevant PRC Governmental Bodies.
Except for those transactions as a necessity to comply with PRC’s foreign investment restrictions subject to and contingent on the Closing, there are no outstanding commitments made by the Company or any Subsidiary (or any of their shareholders) to sell any equity interest in SFJV.