Tingtong definition

Tingtong. Tingtong (Cayman Islands) Holding Corp., a company incorporated in the Cayman Islands, an indirectly held 50.01% non-wholly owned subsidiary of the Company; and
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Examples of Tingtong in a sentence

  • Accordingly, KSF Beverage is a connected subsidiary of the Company for the purpose of the Listing Rules, and the provision of logistics services by Tingtong, an indirect non-wholly owned subsidiary of the Company, to KSF Beverage under the Logistics Agreement constitute continuing connected transactions for the Company under Chapter 14A of the Listing Rules.

  • The Logistics Agreement is being entered into to enable Tingtong and its subsidiaries to continue to provide logistics services to KSF Beverage and its subsidiaries.

  • Owing to the integration of the Group’s logistics system, KSF Beverage requires more captive logistics services from Tingtong.

  • As it is reasonably expected that the annual caps in relation to the transactions under the Logistics Agreement will be exceeded for 2017 and 2018, TAB and Tingtong entered into the Supplemental Logistics Agreement on 10 November 2017 to revise the annual caps for the transactions under the Logistics Agreement for the two financial years of 2017 and 2018.

  • The Logistics Agreement is entered into to enable Tingtong and KSF Beverage, both being subsidiaries of the Company, to continue to cooperate on the delivery of the Group’s beverage products to the market.

  • Tingtong is primarily engaged in the business of provision of logistics services.

  • Payment for the service fees under the Logistics Agreement will be on 30 days’ credit term in line with the credit policy of Tingtong extended to its other customers.

  • Pursuant to the Supplemental Logistics Agreement, the annual caps for the provision of logistics services under the Logistics Agreement have been revised as follows: 2017 Annual Cap 2018 Original 217,455 224,400 Revised 230,000 542,000 The revised annual caps were determined after arm’s length negotiations between Tingtong and TAB based on the historical transaction amount and the expected trading volume of TAB and its demand for logistics services for 2017 and 2018.

  • Tingtong is held as to 50.01% by the Company and as to 49.99% by Itochu Corporation, a Japanese conglomerate which, because of its interest in Tingtong, is a subsidiary level connected person of the Company.

  • The service fees for the provision of the logistics services under the Logistics Agreement will be based on the prevailing market prices of the services provided by Tingtong to its other customers.