ZGA definition
Examples of ZGA in a sentence
After completion of the Capital Contribution and the Equity Transfer contemplated under the Agreement, SAGA will be owned as to approximately 57.9%, 10.0%, 14.1%, 10.0% and 8.0% by the Company, CSP Investment Group, Shuangbai No. 1, Southern Airlines Capital and ZGA, respectively, and continue to be a subsidiary of the Company.
ZGA will contribute the amount of RMB159.910296 million (of which RMB107.38 million will be contributed as the registered capital of SAGA and RMB52.530296 million will be contributed as the capital reserve of SAGA).
Each of CSP Investment Group, Shuangbai No. 1, Southern Airlines Capital and ZGA shall pay its share of the Capital Contribution in SAGA in cash.
The Directors (including the independent non-executive Directors) consider that, although the transactions contemplated under the Agreement are not in the ordinary and usual course of business of the Group, the Agreement was entered into after an arm’s length negotiation among the Company, SAGA, CSP Investment Group, Shuangbai No. 1, Southern Airlines Capital and ZGA and the terms in the Agreement are fair and reasonable and in the interests of the Shareholders as a whole.
ZGA is a platform through which SAGA’s employees hold the equity interests in SAGA and has no other principal business except holding the equity interests in SAGA.
ZGA shall make the total amount of its share of the Capital Contribution within 3 months of the date on which the Agreement comes into effect.
As at the date of this announcement, SAGA is owned as to approximately 57.9%, 10.0%, 14.1%, 10.0% and 8.0% by the Company, CSP Investment Group, Shuangbai No.1, Southern Airlines Capital and ZGA, respectively.
The Partners and Buyer agree to allocate the purchase price for ZGA to its respective assets in accordance with Schedule 10.1. Any adjustment to the consideration paid pursuant to this Agreement shall result in an appropriate adjustment to such allocation.
Except for Euclid, which is a wholly-owned Subsidiary of ZGA, no Company has any Subsidiaries.
ZGA is a general partnership, duly organized, validly existing and in good standing under the laws of the State of New York.