Examples of Unicom Xingye in a sentence
For the six months ended 30 June 2008, the unaudited profit before interest, tax, depreciation and amortisation and unaudited net profit of Unicom Xingye and the main business of New Guoxin, on an aggregated basis, amounted to RMB265 million (equivalent to HK$300 million) and RMB138 million (equivalent to HK$157 million), respectively.
Substantially Reduce Connected Transactions and Diminish Potential Competition between the Company and its Substantial Shareholders Following the completion of the Proposed Acquisitions, the number of connected transactions of the Company involving the telecommunications business in Southern China, the backbone transmission assets in Northern China, CITC, Unicom Xingye and New Guoxin are expected to be substantially reduced.
Pursuant to an agreement dated 20 November 2003 (the UNW Services Agreement), Unicom Group (through Unicom Xingye or other subsidiaries of Unicom Group) agrees to supply, and the A Share Company agrees to receive, telephone cards, including SIM cards, UIM cards, IP telephone cards and rechargeable calling cards on the basis that the A Share Company will have the right to transfer its rights and obligations under the agreement to the Target Company.
The following paragraphs also set out the appraised value of the telecommunications business in Southern China and the local access telephone business in Tianjin Municipality as well as each of Unicom Xingye, CITC and New Guoxin as set out in the relevant valuation report prepared by the Appraiser.
On completion of the Proposed Acquisitions, the Company will become the operator of the telecommunications business in Southern China and the holding company of each of CITC, Unicom Xingye and New Guoxin.
The main business of Unicom Xingye is the provision of technical support, manufacturing as well as research and design of SIM cards and other telephone cards in the PRC.
Financial Information and Appraised Value of Unicom Xingye The following table on financial information is based on the accounts of Unicom Xingye currently owned and operated by Unicom Parent and prepared in accordance with PRC GAAP (other than the unaudited profit before interest, tax, depreciation and amortisation, which is not a GAAP measure).
Information on Unicom Xingye Unicom Xingye is a limited liability company incorporated on 30 October 2000 under the laws of the PRC and is a wholly-owned subsidiary of Unicom Parent.
The amount of telephone cards required by the Group from Unicom Xingye is directly linked to the number of the Group’s subscribers.
Under the UNW Services Agreement, prices and volumes will be reviewed by the parties on an annual basis.Historical and forecast informationFor the years ended 31 December 2000, 2001 and 2002 and the six months ended 30 June 2003, the Target Company paid approximately RMB90.11 million, RMB186.3 million, RMB157.3 million and RMB74.62 million respectively, to Unicom Xingye, for the purchase of telephone cards, including SIM cards, UIM cards, IP telephone cards and rechargeable calling cards.