Examples of Xinyi Energy in a sentence
Pursuant to the relevant tax regulations in the PRC, the PRC subsidiaries, except for Xinyi Energy Technology (Wuhu) Limited (“Xinyi Technology (Wuhu)”), are eligible for an exemption from the PRC CIT for three years starting with the first revenue-generating year, after offsetting prior year losses, followed by a 50% reduction for three immediate subsequent years.
Approximate 600 sq.m. office area in Wuhu has been provided by Xinyi Energy Smart, a related company owned as to 100% by Xinyi Glass, for the Group’s occupations with rental mutually agreed.
The principal terms of the Solar Farm (Group 3) Agreement are set forth below: Date: 11 April 2022Parties: (a) Xinyi Energy, as the purchaser; and(b) the Vendor, as the vendor.
By way of global offering, Xinyi Energy issued and allotted 1,882,609,471 shares at an offer price of HK$1.94 each.
As part of the arrangements for the Proposed Spin-Off and the Proposed XYE Listing, the Solar Farm Agreement and the Solar Farm O&M Agreement have been entered into for the purpose of establishing clear business delineation between the Remaining Group and the Xinyi Energy Group, which will carry on, inter alia, the Solar Farm Development Business and the Solar Farm Operation Business, respectively.
In making the decision, the Directors will take into consideration all factors and other considerations they consider relevant, including the prevailing capital market conditions, the likely valuation of Xinyi Energy that can be achieved and whether the Proposed XYE Global Offering will, in their view, maximise the benefits to the Company and the Shareholders as a whole.
Immediately after this issuance of new ordinary shares, the Company’s indirect equity interest in Xinyi Energy has been reduced from 50.05% to 48.76%.
Continued cooperation among implementing partners and stakeholders (a practice inaugurated by SIAPS) is encouraged as it presents opportunities for increasing both human and non-human resources and coordination.
Pursuant to an agreement dated 22 November 2018 and entered into by Dr. LEE Yin Yee, B.B.S., Mr. TUNG Ching Bor, Tan Sri Datuk TUNG Ching Sai J.P. , Mr. LEE Sing Din, Mr. LI Ching Wai, Mr. LI Man Yin, Mr. SZE Nang Sze, Mr. NG Ngan Ho, and Mr. LI Ching Leung, the parties have agreed to grant a right of first offer to the other parties to the agreement if they want to dispose of their XYE Shares allotted to them under a conditional distribution in specie received at the time of listing of Xinyi Energy.
The Controlling Shareholders and their respective associates are also interested in an aggregate of 59.4% of the issued share capital of XYG which, through its wholly-owned subsidiary, Xinyi Energy Smart (Wuhu), holds 82.0% of the equity interest in the Wind Farm Owner.