INFORMATION OF THE TARGET COMPANIES Sample Clauses

INFORMATION OF THE TARGET COMPANIES. Each of the Target Companies is an investment holding company. Each of them have entered into the sale and purchase agreement to purchase each of the five adjacent office property units located at Offices A-E on 10th Floor, Billion Plaza 0, Xx.00 Xxxxxx Xxx Xxxxxx, Kowloon, with a gross floor area of approximately 3,323 square feet, 2,009 square feet, 1,559 square feet, 2,021 square feet and 2,575 square feet respectively.
Sample 1
AutoNDA by SimpleDocs
INFORMATION OF THE TARGET COMPANIES. Xxxxx Xxxxx is a private company incorporated with limited liability under the laws of the British Virgin Islands. It is principally engaged in investment holding. As at the date of this announcement, the entire equity interest in Xxxxx is held by the Seller, which is a direct wholly-owned subsidiary of the Company. Therefore, Xxxxx is an indirect wholly-owned subsidiary of the Company. As at the date of this announcement, Xxxxx indirectly held 79.3% equity interest in Napa Lifestyle LLC, which mainly engages in property development with its main assets being the property interests in the Napa Project, through SREUS. Set out below is the financial information of Xxxxx for the two years ended 31 December 2022 and 2023: For the financial year ended 31 December 2022 (unaudited) 2023 (unaudited) RMB’000 RMB’000 Net (loss)/profit before taxation and extraordinary items (7) 114 Net (loss)/profit after taxation and extraordinary items (7) 114 According to the unaudited management accounts of Xxxxx as at 31 December 2023, the net assets of Xxxxx were approximately RMB109 million.
Sample 1
INFORMATION OF THE TARGET COMPANIES. The Target Companies are established in the PRC with limited liability and are wholly-owned by the Vendor as at the date of this announcement. They are principally engaged in the investment, development and operation of photovoltaic power plants. Based on the unaudited financial information provided by the Target Companies, as at 31 March 2018, the total and net asset values of XSHN are approximately RMB1,123 million and approximately RMB446 million respectively, and the total and net asset values of XSYN are approximately RMB239 million and approximately RMB85 million respectively. The table below sets forth the unaudited net profits before and after taxation of the Target Companies for the two financial years ended 31 December 2017 based on the unaudited financial information provided by the Target Companies: For the financial year ended 31 December 2017 (RMB) For the financial year ended 31 December 2016 (RMB) XSHN: Profit before taxation 15,878,182 346,745 Profit after taxation 14,491,792 346,745 XSYN: Profit/(Loss) before taxation 3,801,893 (4,106,280) Profit/(Loss) before taxation 3,515,173 (4,106,280) REASONS FOR AND BENEFITS OF THE TRANSACTIONS The terms of the Equity Transfer Agreements and the Debt Settlement Agreements were determined after arm’s length negotiations between or among the Purchaser and the Vendor. The Transactions provide the Company with an opportunity to acquire the rights and interests in the Projects, which are located in Jiangsu Province, the PRC, a location considered by the Company to be favourable for the development of its photovoltaic power business. Furthermore, the Debt Settlement Agreements would clarify the positions of the relevant parties with respect to their respective rights and obligations arising from and in connection with the Projects. In view of the above, the Directors consider that the terms of the Equity Transfer Agreements and the Debt Settlement Agreements and the Transactions are fair and reasonable and in the interests of the Company and the Shareholders as a whole. IMPLICATION UNDER THE LISTING RULES As one of the applicable ratios set out in Rule 14.07 of the Listing Rules in respect of the Transactions is more than 5% and all of such ratios are below 25%, the Transactions constitute a discloseable transaction for the Company under Chapter 14 of the Listing Rules and are therefore subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.
Sample 1
INFORMATION OF THE TARGET COMPANIES. Set out below are the principal business of each of the Target Companies in which each of the Target Company is established in the PRC with limited liability: Shareholding held by the No. Name of company Principal business Company
Sample 1
INFORMATION OF THE TARGET COMPANIES. Alliance International is a limited company incorporated in the PRC which is principally engaged in containerised cargo handling business. As at the date of this announcement, 40% of its equity interest is held by the Company. Tianjin Port Container is a limited company incorporated in the PRC which is principally engaged in containerised cargo handling business. As at the date of this announcement, 100% of its equity interest is held by Champion Sky Enterprises. Second Company is a limited company incorporated in the PRC which is principally engaged in non-containerised cargo handling business. As at the date of this announcement, 100% of its equity interest is held by Well Light Enterprises. Haifeng Logistics is a limited company incorporated in the PRC which is principally engaged in warehousing and logistics businesses. As at the date of this announcement, 51% of its equity interest is held by Win Many Investments. Euroasia International is a limited company incorporated in the PRC which is principally engaged in containerised cargo handling business. As at the date of this announcement, 40% of its equity interest is held by Tianjin Port Development International. Tianjin Port Tugboat is a limited company incorporated in the PRC which is principally engaged in tugboat business. As at the date of this announcement, 100% of its equity interest is held by Tianjin Port Co. According to the audited financial statements prepared in accordance with the PRC accounting standards, the key financial information in relation to the Target Companies is as follows: RMB’000 As at 31 December 2015 For the year ended 31 December 2015 Total assets Net assets Revenue Profit before tax Net profit (Audited) (Audited) (Audited) (Audited) (Audited) Alliance International 1,959,919.4 1,647,650.2 556,740.0 194,405.5 170,119.6 Tianjin Port Container 2,451,198.4 1,857,401.7 548,499.8 117,096.6 87,908.2 Second Company 1,167,476.1 839,207.8 565,781.0 12,470.7 9,265.8 Haifeng Logistics 788,099.1 515,826.7 41,952.8 -8,324.7 -8,324.7 Euroasia International 2,610,772.2 1,373,567.7 515,795.0 104,579.6 91,507.2 Tianjin Port Tugboat 727,242.0 536,962.8 371,103.5 67,034.0 50,860.3 INFORMATION OF THE GROUP The Company is principally engaged in containerised and non-containerised cargo handling business, sales business, and other port ancillary business at the port of Tianjin in the PRC through its subsidiaries and associated companies. Tianjin Port Co is principally engaged in containerised...
Sample 1
INFORMATION OF THE TARGET COMPANIES. The Target Companies are companies incorporated under the laws of the Hong Kong with limited liability. The Target Companies are principally engaged in the trading of frozen food products and the provision of fish processing and preserving services, respectively. As at the date of the Share Transfer Agreement, the Vendor is the legal and beneficial owner of all the issued shares of the Target Companies. Set out below is the summary of the key financial data extracted from the audited accounts of the Target Companies for the year ended 31 March 2021 and 31 March 2022: For the year ended 31 Mar 2022 Shag Mei International Food Limited Legend International Food Limited Audited Audited HK$’000 HK$’000 Net profit before taxation 4,270 246 Net profit after taxation 3,554 212 For the year ended 31 Mar 2021 Shag Mei International Food Limited Legend International Food Limited Audited Audited HK$’000 HK$’000 Net profit before taxation 4,053 1,163 Net profit after taxation 3,661 1,027 As at 31 Mar 2022 Shag Mei International Food Limited Legend International Food Limited Audited Audited HK$’000 HK$’000 Total assets 22,685 932 Net assets 3,351 (419) As at 31 Mar 2021 Shag Mei International Food Limited Legend International Food Limited Audited Audited HK$’000 HK$’000 Total assets 25,253 887 Net assets 6,797 (631) INFORMATION OF THE VENDOR The Vendor is a merchant resident in Hong Kong. To the best of the Directors’ knowledge, as at the date of this announcement, the Vendor holds 47,184,000 Shares, representing approximately 8.97% of the issued Shares of the Company. The Vendor is not a connected person of the Group, and save as aforesaid, is an Independent Third Party of the Company.
Sample 1

Related to INFORMATION OF THE TARGET COMPANIES

  • INFORMATION OF THE PARTIES Information of the Company The Company is a company established in the PRC in 1984 and converted into a joint stock limited company on 28 September 2015. The principal business of the Company includes providing comprehensive leasing services to high-quality customers in industries including aviation, infrastructure, shipping, vehicle and construction machinery, new energy, and high-end equipment. Information of the Asset Transferor The Asset Transferor is a state-owned enterprise incorporated in the PRC on 11 April 2016 and located in Guangdong Province, the PRC, which is mainly engaged in the businesses of finance lease, etc. LISTING RULES IMPLICATIONS According to Chapter 14 of the Listing Rules, as the highest applicable percentage ratio of the transaction under the Asset Transfer Agreement is higher than 5% but lower than 25%, the transaction constitutes a discloseable transaction of the Company and is subject to the announcement requirement but is exempt from the shareholders’ approval requirement under Chapter 14 of the Listing Rules.

  • CENTURYLINK OSS INFORMATION 57.1 Subject to the provisions of this Agreement and Applicable Law, CLEC shall have a limited, revocable, non-transferable, non-exclusive right to use CenturyLink OSS Information during the term of this Agreement, for CLEC’s internal use for the provision of Telecommunications Services to CLEC End Users in the State.

  • PERSONNEL DISCLOSURE 22 26.1 CONTRACTOR shall make available to ADMINISTRATOR a current list of 23 all personnel providing services hereunder, including résumés and job 24 applications. Changes to the list will be immediately provided to 25 ADMINISTRATOR, in writing, along with a copy of a résumé and/or job 26 application. The list shall include:

  • Information and Services Required of the Owner § 3.1.1 The Owner shall provide information with reasonable promptness, regarding requirements for and limitations on the Project, including a written program which shall set forth the Owner’s objectives, constraints, and criteria, including schedule, space requirements and relationships, flexibility and expandability, special equipment, systems, sustainability and site requirements.

  • INFORMATION TO EMPLOYEES In the initial correspondence with an individual regarding potential employment in the bargaining unit, the appropriate department shall include a one-page statement about the Union, prepared by the Union at its own expense, provided that the statement is first forwarded to the Executive Director, Human Resources and is not determined to be factually incorrect or inflammatory. If the Executive Director, Human Resources does not forward any suggested changes within two weeks of receiving the statement, the information shall be presumed to be acceptable.

  • Information Handling Implement new/improved system; update incoming publications; circulate publications; identify information source(s) inside and outside the organisation. Grade 5 - Communication: Obtain data from external sources; produce reports; identify need for documents and/or research. Grade 5 - Enterprise: Assist with the development of options for future strategies; assist with planning to match future requirements with resource allocation.

  • Information about Contractor Employees 23.1. The Authority may by notice require the Contractor to disclose such information as the Authority may require relating to those of the Contractor’s employees carrying out activities under or connected with the Framework Agreement.

  • CERTIFICATION REGARDING CERTAIN FOREIGN-OWNED COMPANIES IN CONNECTION WITH CRITICAL INFRASTRUCTURE (Texas law as of September 1, 2021) By submitting a proposal to this Solicitation, you certify that you agree to the following required by Texas law as of September 1, 2021: Proposing Company is prohibited from entering into a contract or other agreement relating to critical infrastructure that would grant to the company direct or remote access to or control of critical infrastructure in this state, excluding access specifically allowed by the Proposing Company for product warranty and support purposes. Company, certifies that neither it nor its parent company nor any affiliate of company or its parent company, is (1) owned by or the majority of stock or other ownership interest of the company is held or controlled by individuals who are citizens of China, Iran, North Korea, Russia, or a designated country; (2) a company or other entity, including governmental entity, that is owned or controlled by citizens of or is directly controlled by the government of China, Iran, North Korea, Russia, or a designated country; or (3) headquartered in China, Iran, North Korea, Russia, or a designated country. For purposes of this contract, “critical infrastructure” means “a communication infrastructure system, cybersecurity system, electric grid, hazardous waste treatment system, or water treatment facility.” See Tex. Gov’t Code § 2274.0101(2) of SB 1226 (87th leg.). The company verifies and certifies that company will not grant direct or remote access to or control of critical infrastructure, except for product warranty and support purposes, to prohibited individuals, companies, or entities, including governmental entities, owned, controlled, or headquartered in China, Iran, North Korea, Russia, or a designated country, as determined by the Governor.

  • OPERATIONAL INFORMATION (i) ISIN Code: [ ]

  • Foreign-Owned Companies in Connection with Critical Infrastructure If Texas Government Code, Section 2274.0102(a)(1) (relating to prohibition on contracts with certain foreign-owned companies in connection with critical infrastructure) is applicable to this Contract, pursuant to Government Code Section 2274.0102, Contractor certifies that neither it nor its parent company, nor any affiliate of Contractor or its parent company, is: (1) majority owned or controlled by citizens or governmental entities of China, Iran, North Korea, Russia, or any other country designated by the Governor under Government Code Section 2274.0103, or (2) headquartered in any of those countries.

Time is Money Join Law Insider Premium to draft better contracts faster.