Teamsun Group definition

Teamsun Group. Teamsun and its subsidiaries from time to time but excluding the ASH Group “Teamsun Services” Type I Services and Type II Services and such other services to be provided by Teamsun Group as may be agreed between the Company and Teamsun from time to time “Type I Services” the provision of non-administrative information technology or information technology related functions and services as more particularly described in the 2025 Supply Agreement and such other services as may be agreed between the Company and Teamsun from time to time “Type II Services” the provision or sharing of premises (including but not limited to information technology development centres) by way of leasing for information technology development purposes, together with the usage of such facilities, equipments and/or utilities as may be attached to or otherwise provided at such premises “%” per cent Hong Kong, 27th January 2025
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Examples of Teamsun Group in a sentence

  • As part of their strategic initiatives, the Group is planning to further expand its operation in the Greater Bay Area and beyond, while Teamsun Group is targeting to grow its presence in the Southeast Asia region.

  • It is also agreed that ASH Group shall supply and Teamsun Group shall purchase the Products of ASH Group as and when reasonably requested by Teamsun Group.

  • The Group may purchase Products from Teamsun Group for its customers in the PRC and the Group may sell its Products to Teamsun Group for their customers in Hong Kong, Southeast Asia, Europe and the United States.

  • At the same time, ASH Group may introduce ASH Customer(s) and/or refer potential Business Transaction(s) with ASH Customer(s) to Teamsun Group from time to time.

  • Both ASH Group and Teamsun Group are reputable information technology infrastructure, solution and services providers, and have well established distribution channels and networks in the Greater China region and the PRC respectively.

  • In addition, during the Consulting Term, the Executive shall be entitled to such other perquisites (including expense reimbursement and transportation) as are made available to senior executive officers of the Company in accordance with the Company's policies and practices prevailing as of the date of this Agreement.

  • In addition, the Directors believe that the cooperation between ASH Group and Teamsun Group will allow the realisation of substantial synergies in terms of, among others, convenience, support and marketing of ASH Group Products and services.

  • In addition, a Teamsun Referral Fee of 20% of the Agreed Profit shall be paid by ASH Group to Teamsun Group whenever a Business Transaction is entered into by ASH Group with a Teamsun Customer which was referred to ASH Group by Teamsun Group.

  • Furthermore, the Directors believe that the cooperation between the Group and Teamsun Group would allow the realisation of substantial benefits, particularly in areas among others, convenience, support and marketing of the Group’s products and services.

  • With this strategic initiative, the Group anticipates a significant increase in the demand for Teamsum Services, particularly driven by the IT secondment services procured from the Teamsun Group in the future.

Related to Teamsun Group

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

  • MNE Group means any Group that (i) includes two or more enterprises the tax residences of which are in different jurisdictions, or includes an enterprise that is resident for tax purposes in one jurisdiction and is subject to tax with respect to the business carried out through a permanent establishment in another jurisdiction, and (ii) is not an Excluded MNE Group;

  • DBS Group means any of DBS’s subsidiaries, DBS’s holding company and any subsidiaries of DBS’s holding company;

  • ▇▇▇▇ Group means collectively ▇▇▇▇ Capital Fund V, L.P., ▇▇▇▇ Capital Fund V-B, L.P., BCIP Associates, BCIP Trust Associates, L.P. and ▇▇▇▇▇▇▇▇ Street Partners.

  • SpinCo Entities means the entities, the equity, partnership, membership, limited liability, joint venture or similar interests of which are set forth on Schedule IV under the caption “Joint Ventures and Minority Investments.”