Sunco definition
Examples of Sunco in a sentence
Under the Framework Agreement, this short term loan is to be repaid within five months after the expiry, termination or exercise (whichever is the earlier) of the Sunco A Option.
Also mentioned in the same announcement was the cash deposit security of HK$272,727,000 and HK$27,273,000 (provided by Road King and ▇▇▇ ▇▇▇ respectively) to secure the short term loan of not more than RMB300 million from a lender bank for a wholly-owned subsidiary of Sunco A to cover its working capital needs (“Loan 2”).
The Principal Investors can exercise the Sunco A Option in three tranches (any or all tranches).
Sunco Parties cannot unilaterally terminate the abovementioned Options.
If Elite Rich exercises in full any of the Sunco A Option and/or the Sunco B Option, based on the financial information currently available, the revenue ratio under Rule 14.07 of the Listing Rules for the possible acquisition of 5% of Sunco A and 5% of Sunco B may exceed 25% but less than 100%.
On 28 November 2006, RKI (BJ) and Elite Rich have through separate loan agreements agreed to provide loan advances of a total of RMB400 million in HK$ equivalent (RMB363,636,364 in HK$ equivalent provided by RKI (BJ) and RMB36,363,636 in HK$ equivalent provided by Elite Rich, respectively) to Sunco B (“Loan 4”) as its general working capital.
To facilitate (Tianjin Sunco Binhai Properties Limited) a wholly- owned subsidiary of Sunco A in securing a short tem loan of not more than RMB300 million (approximately HK$288.5 million) to cover its working capital needs, Road King and ▇▇▇ ▇▇▇ have respectively provided as security to the lender bank cash deposits of HK$272,727,000 and HK$27,273,000 respectively.
Sunco Parties have agreed to pay to Road King and ▇▇▇ ▇▇▇ in aggregate a counter indemnity fee equal to 5% per annum of the principal amount of the loan.
It is to be prepaid in full (together with all accrued interest) within 5 months after the expiry, termination or exercise (whichever is earlier) of the Sunco B Option.
It is the present intention of the Principal Investors that if they exercise the Sunco Option A and/or the Sunco Option B, RK Properties and Elite Rich will take up not more than 49% and 5% respectively of the enlarged issued share capital of Sunco A and Sunco B respectively.