SY Factoring. 盛業商業保理有限公司 (SY Factoring Limited), a company established in the PRC and a subsidiary of the Group “%” per cent By order of the Board Xxxxx Xx Capital Limited Tung Xxx Xxxx Chairman Hong Kong, 29 December 2017 This announcement, for which the Directors of the issuer collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the issuer. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this document misleading. As at the date of this announcement, the Board comprises two executive Directors: Xx. Xxxx Xxx Xxxx and Xx. Xxxx Xxx-Xxx; one non-executive Director: Xx. Xxxx Xxxxx Xxxxx, and three independent non-executive Directors: Xx. Xxxx Ka Xxx Xxxxxxx, Xx. Xxx Xxx Soon and Mr. Twoon Xxx Xxx, Xxxxxxxx. The English transliteration of the Chinese name(s) in this announcement, where indicated with “*”, is included for information purpose only, and should not be regarded as the official English name(s) of such Chinese name(s). Unless otherwise stated, translation of RMB into HK$ is based on the approximate exchange rate of RMB1.00 to HK$1.19 for information purpose only. Such translation should not be construed as a representation that the relevant amounts have been, could have been, or could be converted at that or any other rate or at all. If there is any inconsistency in this announcement between the Chinese and English versions, the English version shall prevail.
SY Factoring. 盛業商業保理有限公司 (SY Factoring Limited), a company established in the PRC and a subsidiary of the Group “Xxxx Xxxx” 霍爾果斯永卓商業保理有限公司 (Xxxxxxx Xxxx Xxxx Factoring Limited*), a company established in the PRC with limited liability and an indirect wholly-owned subsidiary of the Group “%” per cent By order of the Board Xxxxx Xx Capital Limited Tung Xxx Xxxx Chairman Hong Kong, 2 July 2018 This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading. As at the date of this announcement, the Board comprises two executive Directors: Xx. Xxxx Xxx Xxxx and Xx. Xxxx Xxx-Xxx; one non-executive Director: Xx. Xxxx Xxxxx Xxxxx; and three independent non-executive Directors: Xx. Xxxx Ka Xxx Xxxxxxx, Xx. Xxx Xxx Soon and Mr. Twoon Xxx Xxx, Xxxxxxxx. The English transliteration of the Chinese name(s) in this announcement, where indicated with “*”, is included for information purpose only, and should not be regarded as the official English name(s) of such Chinese name(s). If there is any inconsistency in this announcement between the Chinese and English versions, the English version shall prevail.
SY Factoring. 盛 業 商 業 保 理 有 限 公 司 (SY Factoring Limited), a company established in the PRC and a subsidiary of the Group “%” per cent By order of the Board Xxxxx Xx Capital Limited Tung Xxx Xxxx Chairman Hong Kong, 29 December 2017 This announcement, for which the Directors of the issuer collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the issuer. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this document misleading. As at the date of this announcement, the Board comprises two executive Directors: Xx. Xxxx Xxx Xxxx and Xx. Xxxx Xxx-Xxx; one non-executive Director: Xx. Xxxx Xxxxx Xxxxx, and three independent non-executive Directors: Xx. Xxxx Ka Xxx Xxxxxxx, Xx. Xxx Xxx Soon and Mr. Twoon Xxx Xxx, Xxxxxxxx. The English transliteration of the Chinese name(s) in this announcement, where indicated with “*”, is included for information purpose only, and should not be regarded as the official English name(s) of such Chinese name(s). Unless otherwise stated, translation of RMB into HK$ is based on the approximate exchange rate of RMB1.00 to HK$1.19 for information purpose only. Such translation should not be construed as a representation that the relevant amounts have been, could have been, or could be converted at that or any other rate or at all. If there is any inconsistency in this announcement between the Chinese and English versions, the English version shall prevail.
Examples of SY Factoring in a sentence
Therefore, Xxxx Xxxxxx may obtain financing from Wuxi Communications, Xxxx Xxxxxxx or their associates directly at a lower interest rate with SY Factoring providing guarantee in proportion to its indirect shareholding interest in Xxxx Xxxxxx.
As such, Wuxi Communications and Xxxx Xxxxxxx as state-owned enterprises would agree to provide guarantee for the financing of Xxxx Xxxxxx, and in consideration thereof SY Factoring agrees to provide counter guarantee in proportion to its indirect shareholding interest in Xxxx Xxxxxx.
On 12 June 2018, Wuxi Tonghui (a wholly-owned subsidiary of Wuxi Communications) and Xxxxx Xxxx (a subsidiary of SY Factoring in which SY Factoring owned 51% equity interest) established a joint venture, Xxxx Xxxxxx, in the PRC to cooperate in the factoring business.
LISTING RULES IMPLICATIONS The transactions contemplated under the Agreements do not constitute notifiable transactions under Chapter 14 of the Listing Rules; in particular, the Credit Enhancement Measures (which include the SY Factoring Counter Guarantee) constitute financial assistance provided by the Purchaser Group to the Vendor Group for the benefit of Xxxx Xxxxxx to secure the Vendor Group Financing and the Vendor Group Guarantee.
SECOND SUPPLEMENTAL GUARANTEE AGREEMENT On 3 July 2020 (after trading hours), SY Factoring, an indirect wholly-owned subsidiary of the Company, entered into the Second Supplemental Guarantee Agreement with Wuxi Communications, Xxxx Xxxxxxx and Xxxx Xxxxxx to amend certain terms under the Previous Agreements.
More Definitions of SY Factoring
SY Factoring. 盛業商業保理有限公司 (SY Factoring Limited), a company established in the PRC with limited liability and an indirect wholly-owned subsidiary of the Group “Third Supplemental Guarantee Agreement” the third supplemental guarantee agreement entered into between SY Factoring, Xxxx Xxxxxx, Wuxi Communications and Xxxx Xxxxxxx on 18 June 2021 “Wuxi Communications” 無 錫 市 交 通 產 業 集 團 有 限 公 司 (Wuxi Communications Industry Group Company Limited*), a state-owned enterprise established in the PRC with limited liability and it is principally engaged in the business of, among other things, the provision of investment in transportation, infrastructure construction and related industries, and is the holding company of Wuxi Tonghui “Wuxi Guojin” 無錫國金商業保理有限公司 (Wuxi Guojin Factoring Limited*), a company established in the PRC with limited liability and it is principally engaged in the business of, among other things, the provision of commercial factoring. Xxxx Xxxxxx is owned as to 60% by Xxxx Xxxxxxx and 40% by Xxxxx Xxxx and is an associated company of the Company “Wuxi Tonghui” 無錫通匯投資有限公司 (Wuxi Tonghui Investment Company Limited*), a state-owned enterprise established in the PRC with limited liability and a subsidiary of Wuxi Communications which principal business is, among other things, investment and investment management and is the holder of 60% equity interest in Xxxx Xxxxxx “%” per cent By order of the Board Xxxxx Xx Capital Limited Tung Xxx Xxxx Chairman Hong Kong, 18 June 2021
SY Factoring. 盛 業 商 業 保 理 有 限 公 司 (SY Factoring Limited), a company established in the PRC and a subsidiary of the Group “Third Supplemental Factoring Agreement (Customer A)” “Third Supplemental Factoring Agreement (Customer D)” the third supplemental factoring agreement being entered into between Customer A and SY Factoring on 16 April 2018 pursuant to which i) the revolving factoring loan credit limit granted by SY Factoring to Customer A was revised from RMB260,000,000 to RMB600,000,000; ii) the service fee was revised from not more than 0.35% of each accounts receivable assigned to not more than 1% of each accounts receivable assigned; and iii) the expiry date of the credit period was revised from 15 April 2018 to 28 March 2019 the third supplemental factoring agreement being entered into between Customer D and SY Factoring on 16 April 2018 pursuant to which i) the revolving factoring loan credit limit granted by SY Factoring to Customer D was revised from RMB250,000,000 to RMB400,000,000; ii) the interest rate was revised from not more than 13.5% per annum to 10-15% per annum; iii) the service fee was revised from not more than 0.35% of each accounts receivable assigned to not more than 1% of each accounts receivable assigned; and iv) the expiry date of the credit period was revised from 15 April 2018 to 1 April 2019
SY Factoring. 盛業商業保理有限公司 (SY Factoring Limited*), a company established in the PRC and a subsidiary of the Company “Tianhe” 內蒙古天和醫藥有限責任公司 (Neimenggu Tianhe Medicine Company Limited*), a company established in the PRC with limited liability “Tianhe Group” Tianhe and its associated companies “Tianshan” 天津昆侖天山國際貿易有限公司 (Tianjin Kunlun Tianshan International Trading Company Limited*), a company established in the PRC with limited liability “Tianshan Group” Tianshan and its associated companies “Wanrong” 寧波萬榮天誠國際貿易有限公司 (Ningbo Wanrong Tiancheng International Trading Company Limited*), a company established in the PRC with limited liability “Wanrong Group” Wanrong and its associated companies
SY Factoring. 盛 業 商 業 保 理 有 限 公 司 (SY Factoring Limited), a company established in the PRC and a subsidiary of the Group “Xxxx Xxxx” 霍 爾 果 斯 永 卓 商 業 保 理 有 限 公 司 (Xxxxxxx Xxxx Xxxx Factoring Limited*), a company established in the PRC with limited liability and an indirect wholly-owned subsidiary of the Group “%” per cent By order of the Board Xxxxx Xx Capital Limited Tung Xxx Xxxx Chairman Hong Kong, 2 July 2018 This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading. As at the date of this announcement, the Board comprises two executive Directors: Xx. Xxxx Xxx Xxxx and Xx. Xxxx Xxx-Xxx; one non-executive Director: Xx. Xxxx Xxxxx Xxxxx; and three independent non-executive Directors: Xx. Xxxx Ka Xxx Xxxxxxx, Xx. Xxx Xxx Soon and Mr. Twoon Xxx Xxx, Xxxxxxxx. The English transliteration of the Chinese name(s) in this announcement, where indicated with “*”, is included for information purpose only, and should not be regarded as the official English name(s) of such Chinese name(s). If there is any inconsistency in this announcement between the Chinese and English versions, the English version shall prevail.
SY Factoring. SY Factoring Limited* (盛業商業保理有限公司), a company established in the PRC with limited liability and an indirect wholly-owned subsidiary of the Company
SY Factoring. 盛業商業保理有限公司 (SY Factoring Limited), a company established in the PRC with limited liability and an indirect wholly-owned subsidiary of the Group “Wuxi Communications” 無 錫 市 交 通 產 業 集 團 有 限 公 司 (Wuxi Communications Industry Group Company Limited*), a state-owned enterprise established in the PRC with limited liability and it is principally engaged in the business of, among other things, the provision of investment in transportation, infrastructure construction and related industries, and is the holding company of Wuxi Tonghui “Wuxi Guojin” 無 錫 國 金 商 業 保 理 有 限 公 司 (Wuxi Guojin Factoring Limited*), a company established in the PRC with limited liability and it is principally engaged in the business of, among other things, the provision of commercial factoring. Xxxx Xxxxxx is owned as to 60% by Xxxx Xxxxxxx and 40% by Xxxxx Xxxx and is an associated company of the Company “Wuxi Tonghui” 無錫通匯投資有限公司 (Wuxi Tonghui Investment Company Limited*), a state-owned enterprise established in the PRC with limited liability and a subsidiary of Wuxi Communications which principal business is, among other things, investment and investment management and is the holder of 60% equity interest in Xxxx Xxxxxx “%” per cent By order of the Board Xxxxx Xx Capital Limited Tung Xxx Xxxx Chairman Hong Kong, 3 July 2020
SY Factoring. 盛業商業保理有限公司 (SY Factoring Limited), a company established in the PRC and a subsidiary of the Group “Third Supplemental Factoring Agreement (Kunteng)” the credit limit (with recourse) agreement between SY Factoring and Guangdong Kunteng dated 19 January 2018 pursuant to which i) the interest rate per annum was revised from 13.5% to 10-15%; ii) the service fee was revised from 0.35% (to be paid within the first 5 business days of the next month) to not more than 0.35% per drawdown; and iii) the expiry date of the credit period was revised from 28 February 2018 to 15 April 2018 “Tyloo Energy” 浙江天祿能源有限公司 (Zhejiang Tianlu Energy Co. Ltd.*), a company established in the PRC with limited liability. Tyloo Energy and Tyloo Oil are owned by the same ultimate beneficial owner “Tyloo Oil” 浙江天祿石油化工有限公司 (Zhejiang Tianlu Petroleum and Petrochemical Co. Ltd.*), a company established in the PRC with limited liability. Tyloo Energy and Tyloo Oil are owned by the same ultimate beneficial owner “Zhoushan Tiansheng” 舟山市天盛石油化工有限公司 (Zhoushan City Tiansheng Petroleum and Petrochemical Co. Ltd.*), a company established in the PRC with limited liability “%” per cent By order of the Board Xxxxx Xx Capital Limited Tung Xxx Xxxx Chairman Hong Kong, 19 January 2018 This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this document misleading. As at the date of this announcement, the Board comprises two executive Directors: Xx. Xxxx Xxx Xxxx and Xx. Xxxx Xxx-Xxx; one non-executive Director: Xx. Xxxx Xxxxx Xxxxx; and three independent non-executive Directors: Xx. Xxxx Ka Xxx Xxxxxxx, Xx. Xxx Xxx Soon and Mr. Twoon Xxx Xxx, Xxxxxxxx. The English transliteration of the Chinese name(s) in this announcement, where indicated with “*”, is included for information purpose only, and should not be regarded as the official English name(s) of such Chinese name(s). Unless otherwise stated, translation of RMB into HK$ is based on the approximate exchange rate of RMB1.00 to HK$1.19 for information purpos...