Project Company. All parties shall jointly fund the establishment of an independent legal person company (hereinafter “Project Company”), specifically responsible for the implementation of the Investment Project. Party A shall be responsible for operating the Project Company, and other parties shall assist the Project Company in the development of resources and other support. Party D shall sign the corresponding cooperation agreement in accordance with this Agreement on behalf of the state-owned company.
Project Company. Guangdong JUWO Trading Co., Ltd. (hereinafter referred to as “Party B”); The above parties are collectively referred to as the “Parties”, and any of them is referred to as a “Party” respectively.
Project Company. Green Solar Energy Pte. Ltd. (the Client) is a joint venture company registered in Singapore, formed and incorporated as a special purpose company, and has the following shareholders:
Project Company. Project Company’s principal activity is the development and management of residential and commercial properties. Pursuant to State-owned Land Use Rights Grant Contracts dated 1 February 2018, land use rights in respect of 3 land parcels of a total site area of approximately 36,405 square metres situated at Meiyuan Road, Xin’an Community, Xxxxx’an Town in Dongguan, Guangdong province, the PRC (collectively, “Property”) are to be granted to Project Company for terms with expiry dates of 31 January 2088 for residential use and 31 January 2058 for commercial use (collectively “Land Use Rights”).
Project Company. The Project Company was incorporated on 8th October, 2021 with registered capital of RMB400 million to engage principally in the development of the Site. It is owned as to 70% and 30%, respectively by the Project Holdco and the PRC Partner which is not a connected person of the Company. The relationship between Project Holdco and PRC Partner is governed by the terms of the Cooperation Agreement under which the parties agreed to contribute registered capital, share in the profits and enjoy voting rights pro rata to their equity interest, and Project Holdco would have the right to appoint two of three directors of Project Company and the Chairman of its board. The net asset value of the Project Company as at 31st October, 2021 was nil as its registered capital has not been paid up as at that date. As the Project Company is recently established, it has not recorded any net profits (before or after taxation) since its establishment.
Project Company. The Client, a company incorporated under the laws of India, whose registered office is situated at 0 Xxxxx Xxxxxxx, 0xx Xxxxx, Xxxxxxx 700 017, is a joint venture company of InfraCo Asia Durgapur Low Cost Housing Pte. Ltd. (IDLC), which is wholly owned subsidiary of InfraCo Asia Development Pte. Ltd. (InfraCo Asia), and Bengal Aerotropolis Projects Limited (BAPL).
Project Company. 11.1.1 The Concessionaire is incorporated as a project company with a registered share capital of [specification of initial required share capital] in the legal form of a [limited liability company] in accordance with Bulgarian law. The Concessionaire shall keep its registered seat and its legal form unchanged during the entire Concession Period.
Project Company. The Project Company is a project company and its businesses are the property development of the Project Land and sale, leasing and management of the apartments built on the Project Land, information consultancy services (agent services excluded) and interior decoration. The Project Company obtained the Project Land by entering into a “Beijing State Land Use Right Transfer Contract” with Beijing Municipal Bureau of Land and Resources on 31 August 2004 and a supplemental agreement on 1 February 2007. According to the said agreements, terms for residential use and commercial use of the Project Land are 70 years and 40 years respectively, commencing from 31 August 2004. The project was planned to be a composite one comprising serviced apartments, luxury apartments and commercial properties, with the major structure divided into two towers – north and south tower, of which, the 40-floor high-end apartment of the south tower of approximately 102,000 sq.m., the 43-floor north tower comprises of business serviced apartment of approximately 49,000 sq.m., and the 4-floor commercial complex with an gross floor area of approximately 23,000 sq.m.. As at the date of this announcement, the Project Company was owned as to 96.8% equity interest by the Target Company. After the Company’s acquisition of its 52.69% interest in the Target Company in 2009, the construction work for the property, including the design and layout of the property, on the Project Land was resumed in October 2009. As at the date of this announcement, the core structure under the Project Land was substantially built and the outwall of the major structure had yet to be finished. The renovation work under the Project Land was still under construction. In view of the continuous uncertainties in the global economy and the local tightening measures, the Project Company slowed down the progress of construction work on the Project Land and the development was expected to be completed in the end of 2012. Up to the date of this announcement, the contract sales for the property on the Project Land was recorded approximately RMB792,500,000. FINANCIAL INFORMATION OF THE TARGET GROUP The following are the unaudited consolidated financial information on the Target Group for the two years ended 31 December 2010 and 2011: For the year ended 31 December Turnover 2010 RMB’000 0 2011 RMB’000 0 Profit (loss) before taxation 115,017 (Note) (48,507) Profit (loss) after taxation 74,971 (41,687) As at 31 December 2010 2011 N...
Project Company. The Project Company is to design, engineer, procure, construct, operate, maintain, repair, refurbish and decommission the NPP in accordance with the applicable laws and regulations of the Republic of Turkey and the terms and conditions of the relevant Project Contracts. With respect to the construction of any infrastructure in connection with the NPP, the Project Company is to only be responsible for the construction of infrastructure within the Project Site and is not to be responsible for the construction of any infrastructure outside of the Project Site.
Project Company. As at the date of this announcement, to the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, the Boli Government is an Independent Third Party. The Project : The investment, development, construction and operation of the Comprehensive Treatment Center, which consists of the building of a biogas power plant and an organic fertiliser production line using raw materials. The Project Land : Pursuant to the Investment Cooperation Agreement, the Boli Government undertakes to assist the Project Company to acquire the Project Land at a consideration of RMB8.65 million (equivalent to HK$9.4 million), which constitutes part of the investment amount, for the sole purpose of the Project. Pursuant to the Investment Cooperation Agreement, the Project Land is expected to be a piece of land with a total site area of approximately 50-100 mu（畝）for the sole purpose of the Project. As at the date of this announcement, the Boli Government is coordinating with the relevant authorities for the listing-for-sale of the Project Land. Construction period : The construction period shall be twelve (12) months, commencing from the date on which the permit is obtained from 勃利縣住房和城鄉建設局 (for transliteration purpose only, the Housing and Urban-Rural Development Bureau of Boli County#) to construct the Comprehensive Treatment Center and shall be completed and put into operation by the end of 2023, otherwise, the parties shall further negotiate to settle the same. Construction scale : It is expected that the Comprehensive Treatment Center will process 600 tons of livestock and poultry manure per day, 100 tons of crop straw per day, 30 tons of kitchen waste per day and 100 tons of toilet manure per day. Investment amount : The investment amount shall be approximately RMB100 million (equivalent to HK$108.3 million), of which (i) approximately RMB30 million is expected be invested upon the capital contribution into the registered capital of the Project Company;
