TSFL definition

TSFL. 太 平 石 化 金 融 租 賃 有 限 責 任 公 司 (Taiping & Sinopec Financial Leasing Co. Ltd.*), a limited liability company established in the PRC and a subsidiary of the Company owned as to 50% by the TPL and 50% by China Petrochemical Corporation
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TSFL. Taiping & Sinopec Financial Leasing Co. Ltd. (太平石化金融租賃有限責任公司)
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Examples of TSFL in a sentence

  • China Petrochemical Corporation is a substantial shareholder of TSFL holding 50% of the issued shares of TSFL.

  • TSFL is principally engaged in financial leasing, transfers or acquisitions of subject assets of financial leases, investment in fixed-income securities, taking in deposits of financial leases from lessees and 3-month or longer term deposits from non-banking shareholders, inter-bank lending, borrowings from financial institutions, offshore borrowings, sales and handling of leased products, and economic consultation and such other businesses as approved by the China Banking Regulatory Commission.

  • As TSFL is owned as to 50% by China Petrochemical Corporation, China Petrochemical Corporation is a connected person at the subsidiary level of the Company; as Sinopec Industry-Finance Holdings is a wholly-owned subsidiary of China Petrochemical Corporation, Sinopec Industry-Finance Holdings is also a connected person at the subsidiary level of the Company.

  • As disclosed in the Company's announcement dated 19 September 2017, TSFL entered into the 2017 Finance Leasing Framework Agreement with China Petrochemical Corporation on even date.

  • As TSFL is an insignificant subsidiary of the Company pursuant to Rule 14A.09 of the Listing Rules, China Petrochemical Corporation and its ultimate beneficial owners are not regarded as connected persons of the Company under Chapter 14A of the Listing Rules, and the transactions contemplated under the Finance Leasing Framework Agreement do not constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.

  • Therefore, pursuant to Chapter 14A of the Listing Rules, the Lease Framework Agreement entered into between TSFL and Sinopec Industry-Finance Holdings and the transactions contemplated thereunder constitute continuing connected transactions between the Company and connected persons at the subsidiary level of the Company.

  • As at the date of this announcement, TSFL is owned as to 50% by TPL and China Petrochemical Corporation, respectively.

  • As TSFL is an insignificant subsidiary of the Company pursuant to Rule 14A.09 of the Listing Rules, China Petrochemical Corporation and its ultimate beneficial owners are not regarded as connected persons of the Company under Chapter 14A of the Listing Rules, and the transactions contemplated under the 2019 Finance Leasing Framework Agreement do not constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.

  • As TSFL is an insignificant subsidiary of the Company pursuant to Rule 14A.09 of the Listing Rules, China Petrochemical Corporation and its ultimate beneficial owners are not regarded as connected persons of the Company under Chapter 14A of the Listing Rules, and the transactions contemplated under the 2018 Finance Leasing Framework Agreement do not constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.

  • On 19 January 2018, TSFL, a non-wholly owned subsidiary of the Company, entered into the 2018 Finance Leasing Framework Agreement with China Petrochemical Corporation, pursuant to which TSFL agree to act as the lessor to provide finance leasing service to member(s) of the China Petrochemical Corporation Group as lessee(s) for the period between 1 January 2018 to 31 December 2018 (both days inclusive).