Examples of Zhuhai Huafa in a sentence
Thus, Zhuhai Huafa is the controlling shareholder of the Company as defined under the Listing Rules and a connected person of the Company.
Huafa Trading, a subsidiary of Zhuhai Huafa, is therefore a connected person of the Company.
Pursuant to the Measures, the customers of Huafa Finance Company are limited to the group members of Zhuhai Huafa.
Currently, Zhuhai Huafa and its subsidiaries are primarily engaged in six major businesses, namely urban operations, financial services, property development, industrial investment, sales and trading and modern services.
Immediately after the close of the Offers and as at the Latest Practicable Date, Zhuhai Huafa Industrial (and any parties acting in concert with it) and Hong Kong Huafa jointly hold approximately 90.76% of the issued Shares of the Company and both Zhuhai Huafa Industrial and Hong Kong Huafa are direct wholly-owned subsidiaries of Zhuhai Huafa.
Zhuhai Huafa and its subsidiaries initially focused on property development in Zhuhai, and has since expanded into other cities and diversified to include other businesses.
In addition, Zhuhai Huafa and its subsidiaries also engage in other businesses which are incidental to their six major businesses.
Zhuhai Huafa is a large state-owned conglomerate in the PRC with its business operations primarily conducted in Zhuhai City, Guangdong Province, which is situated at the southern end of the Pearl River Delta.
Zhuhai Huafa holds 100% of the issued share capital of Hong Kong Huafa Investment Holdings Limited, which in turn holds 100% of the issued share capital of Huajin Investment.
The Company and Huafa Trading are both subsidiaries of Zhuhai Huafa, and the inter-company communication and collaboration within the Group is more efficient.