XCTG definition
Examples of XCTG in a sentence
XHICT is a sino-foreign equity joint venture established in the PRC, which is currently owned by XCTG as to 51% and by HHC as to 49%.
At present, XHICT is accounted for as a jointly controlled entity of the Group as XCTG is unable to exercise full control over the management, businesses and operations of XHICT.
Subsequent to the entering into of a special matter agreement dated 28 November 2016 by and between XCTG and HHC in relation to XHICT (details of which are stated in the Company’s announcement published on even date), XHICT has been accounted for as a subsidiary of the Group and HHC therefore has been regarded as a connected person of the Company.
An airline aviation general third party liability insurance for a combined single limit of [..............] for each occurrence/each aircraft.
The Board is of the view that the arrangements contemplated under the Agreement can enhance the management, businesses and operational efficiency of XICT and, together with the existing arrangements in relation to XHICT as previously disclosed, enables the Group to conduct further overall organisation, deployment and operation of the resources of XCTG, which could better protect the Group’s commercial interests and enhance the Group’s value and profitability.
At present, XICT is accounted for as a jointly controlled entity of the Group as XCTG is unable to exercise full control over the management, businesses and operations of XICT.
The Board is of the view that the arrangements contemplated under the Agreement can enhance the management, businesses and operational efficiency of XHICT and enables the Group to conduct further overall organisation, deployment and operation of the resources of XCTG, which could better protect the Group’s commercial interests and enhance the Group’s value and profitability.