Sinoma definition
Examples of Sinoma in a sentence
Sinoma Finance is a subsidiary of Sinoma Corporation, being the direct controlling shareholder of the Company, and will become a subsidiary of the Parent, being the indirect controlling shareholder of the Company, upon the completion of the Reorganization.
In respect of the provision of the loans under the 2017 Financial Services Framework Agreement by Sinoma Finance, as such loans shall be provided on normal commercial terms and Sinoma Finance shall not require such loans to be secured by any of the Group’s assets, the loan services under the 2017 Financial Services Framework Agreement are exempt from the reporting, announcement and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.
The Assets Acquisition Agreement and the transactions contemplated thereunder would promote the asset utilization rate of Sinoma IT (Chengdu).
Sinoma Finance is a limited liability company incorporated under the laws of the PRC and is principally engaged in the business of providing its member(s) with financial and financing services such as acceptance of deposits, loan, bills acceptance and discounting, clearing, etc..
The Group utilises the services of Sinoma Finance on a voluntary, non-exclusive basis and is not obliged to engage Sinoma Finance for any particular service, or at all.
In 2013, pursuant to the requirements of the documents of the Urumqi Municipal Government Office, Tianshan Cement (a then subsidiary of Sinoma, the shares of which are listed on the Shenzhen Stock Exchange) conducted an overall relocation of the Cangfanggou Plant in Urumqi, and Tianshan Real Estate (a then subsidiary of Sinoma Parent) obtained the land development rights in accordance with the tender conditions.
With the further development of cooperation between Sinoma Finance and the Group, the contemplated transactions between them are expected to be conducted with wider range and larger amount of funds involved in future.
Sinoma Technology has never supplied to Shanghai SAC any equipment or machinery under the Purchase Agreement III due to the proposed postponement of the commencement of the Bailongang Project as disclosed below and, therefore, the first payment paid by Shanghai SAC to Sinoma Technology under the Purchase Agreement III, being RMB44.65 million, will be fully returned to Shanghai SAC by instalment in accordance with the terms of the Termination Agreement.
As each of the Buyer Sinoma Science & Technology (Chengdu) and the Seller Sinoma IT (Chengdu) are subsidiaries of the Company, the Acquisition constitutes the Group’s internal assets restructuring and results in substance the Company’s acquisition of approximately 32.37% of the equity interests in the Target Assets.
In addition, the fees shall be (i) not higher than the fees for similar types of financial services charged by Sinoma Finance to the Other Members of Sinoma Corporation (the aforesaid “Sinoma Coproration” shall be changed into “Parent” after the completion of the Reorganization) under the same conditions; and (ii) not higher than the fees for similar types of financial services charged by normal commercial banks in the PRC under the same conditions.