VIE Restructuring definition

VIE Restructuring means, in connection with the termination of a series of contractual arrangements pursuant to which the Company’s Subsidiary in the PRC used to exercise effective control over a variable interest entity in the PRC, the transfer of business from such variable interest entity to one or more Subsidiaries of the Company in accordance with the restructuring steps set forth on Exhibit J attached hereto and upon completion of the corporate actions as set forth on Section 5.1 of the Company Disclosure Letter, following which the Company’s business operations in the PRC (except in relation to surveying and mapping activities) will be conducted entirely by the Company’s Subsidiaries in the PRC and not through any variable interest entities;
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VIE Restructuring means the restructuring of the shareholding of the Guarantor to ensure that the equity interests of the Guarantor are legally held by ▇▇▇▇▇▇▇ Huang and Qiuping Huang respectively, and beneficially owned by the New WFOE by way of:
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VIE Restructuring means the VIE Part 1 Restructuring and the VIE Part 2 Restructuring.
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Examples of VIE Restructuring in a sentence

  • Neither the Company nor any of its Subsidiaries has received any letter or other written communication from, and, to the Knowledge of the Company, there has not been any public notice of a type customary as a form of notification of such matters in the jurisdiction by, any Governmental Authority threatening in writing or providing notice of any alleged or finding of any violation of Law in respect of the VIE Restructuring.

  • Prior to the Closing Date, the VIE Restructuring will be completed (i) in accordance with the VIE Restructuring Plan, (ii) in compliance with all applicable Laws in all material respects, and (iii) in a manner that does not materially alter or impair the conduct of the business of the Group Companies as currently proposed to be conducted.

  • Each Obligor shall (and the Borrower shall ensure other members of the Borrower Group will) not enter into any amalgamation, demerger, merger or corporate reconstruction except for the VIE Restructuring.

  • Each of the Group Companies and (to the extent that it has knowledge or awareness thereof) the Shareholders agrees to provide to each other with reasonable notice before any such VIE Restructuring or Grant.

  • Each Obligor shall procure that no change is made to the Group Structure Chart that might reasonably be expected to have a Material Adverse Effect (other than the VIE Restructuring).

  • Please refer to the terms and conditions of the New ▇▇▇ Control Documents as disclosed in the VIE Restructuring Announcement.

  • As disclosed above and in the VIE Restructuring Announcement, upon completion of the Share Swap Agreement, the new registered shareholders of Chongqing ▇▇▇ are ▇▇▇▇, Na and the Management Shareholders.

  • Reference is made to (i) the announcement of the Company dated 12 February 2019 (“SA Announcement”) in relation to the subscription of new VBill Shares by the Investor and the grant of the Put Option by VBill (Cayman) to the Investor and (ii) the announcement of the Company dated 21 May 2019 (“VIE Restructuring Announcement”) in relation to the VIE Restructuring.

  • The Company agrees and covenants that within four months after the Closing Date, the Company will reorganize its structural relationship with its Chinese onshore operating company into a "Variable Interest Entity" structure (the "VIE Restructuring").

  • Unless otherwise defined in this announcement, capitalised terms used herein shall have the same meanings as those defined in the SA Announcement and the VIE Restructuring Announcement.


More Definitions of VIE Restructuring

VIE Restructuring means the transactions described in Schedule 4 (Permitted Restructuring).
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VIE Restructuring means the transactions and steps expressly set out in the VIE Restructuring Agreement.
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VIE Restructuring shall have the meaning ascribed to such term in Section 4.18.
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Related to VIE Restructuring

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Pre-Closing Restructuring has the meaning specified in Section 6.14(a).

  • Permitted Restructuring means the completion of: (a) an offer made by, or on behalf of, an Eligible Company to all (or as nearly as may be practicable all) of the shareholders of the Issuer (or, if the Issuer is not then the Ultimate Owner, to the shareholders of the then Ultimate Owner) to acquire the whole (or as nearly as may be practicable the whole) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued ordinary share capital) other than those already held by or on behalf of such Eligible Company; or (b) a reorganisation or restructuring whether by way of a scheme of arrangement or otherwise pursuant to which an Eligible Company acquires all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued share capital) other than those already held by such Eligible Company or pursuant to which all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued capital) not held by the New Holding Company is cancelled;

  • Restructuring has the meaning set forth in the Recitals.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.