THTF definition

THTF means 同方股份有限公司 (Tsinghua Tongfang Co., Ltd*), formerly known as 清華同方股份有限公司 (Tsinghua Tongfang Company Limited*), a joint stock limited company incorporated in the PRC, whose shares are listed and traded on the Shanghai Stock Exchange (上海證券交易所) and a controlling shareholder of the Company
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Examples of THTF in a sentence

  • As at the date of this announcement, THTF directly and indirectly through Resuccess owns a total of 286,330,142 Shares, representing approximately 36.6% of the issued Shares of the Company.

  • THTF is a controlling Shareholder and is therefore a connected person of the Company under the Listing Rules.

  • For existing customers, the Company has been educating these customers to contract with the Group directly so as to reduce the transactions through THTF.

  • THTF and its subsidiaries are engaged in businesses in a number of sectors in the technology industry.

  • As for the transfer from the Group to THTF, those transfers are to facilitate the settlement of the debts related to the Nominee Projects, which are for the payments to the suppliers for the procurement of raw materials, products and services by the Group for the Nominee Projects that THTF has procured for the Group in order for the Group to provide the services to the Nominee Projects.

  • THTF is a controlling Shareholder and is therefore a connected persons of the Company under the Listing Rules.

  • The Group’s strategy is to allow THTF to contract with these new customers first if such new customers prefer to contract with THTF since THTF has a long operating history in the industry and has built its reputation.

  • Therefore, if THTF has to settle any debts on behalf of the Group for the Nominee Projects, the Group has to reimburse THTF for any amount settled for these debts.

  • The principal businesses of THTF cover the following six sectors: internet services and terminals, public security, intelligent city; energy saving and environment protection, science park, and headquarters and investment.

  • As for the new customers, the Group believes it is important to first secure the contracts of these new customers in which THTF and the Group have no past business relationship with.