Examples of VIE Structure in a sentence
VIE Structure and Arrangements On July 30, 2010, we acquired Sinotop Hong Kong through CB Cayman.
Upon adoption of the VIE Structure, it is intended that certain subsidiaries of the Company will enter into license agreements with the WFOE, to grant certain the technical licenses in connection with the Platform and strategic plans, technical plans, platform technology system, website design and implementation results in relation to the Platform.
The Company adopted the VIE Structure in order to indirectly participate in the Restricted Business in the PRC and will unwind the VIE Structure as soon as the law allows such business to be operated by foreign investors in the PRC without the VIE Structure.
In light of the legal issues and potential risks associated with these arrangements, the Exchange’s VIE Guidance states that issuers should take necessary actions to ensure the legality and validity of the VIE Structure and disclose all material and relevant information about the arrangements.
We propose Grandfathered Greater China Issuers be able to secondary list with their existing VIE Structures in place.41 These issuers would be required to provide the Exchange with a PRC legal opinion that their VIE Structure complies with PRC laws, rules and regulations.