Texion definition
Examples of Texion in a sentence
Notwithstanding the foregoing, if any governmental body should adopt new laws, rules or regulations which would require an amendment of, or supplement to, this ADS Deposit Agreement to ensure compliance therewith, the Company and the Depositary may amend or supplement this ADS Deposit Agreement and the ADRs at any time in accordance with such changed laws, rules or regulations.
Based on the applicable size tests performed with respect to the aggregate sum of the annual rent and management fee receivable by Texion under Tenancy Agreement II and Tenancy Agreement III, all the relevant percentage ratios are less than 5%.
As all the applicable percentage ratios in respect of the aggregate sum of the rent receivable by Texion under the Tenancy Agreement for the unexpired term of the tenancy is less than 0.1%, the Transaction is exempt from reporting, announcement, independent financial advice and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.
Texion is an indirect wholly-owned subsidiary of the Company and is principally engaged in property investment.