Examples of Direct Shareholder in a sentence
The JV, which is owned as to 50% by a wholly-owned subsidiary of the Direct Shareholder, also ceased to be an associate of Anbang Insurance and became an associate of Dajia Insurance.
The Company was informed by the Direct Shareholder that on 23 August 2019, pursuant to the approval by the CBIRC, the Direct Shareholder has been renamed from “Anbang Life Insurance Co., Ltd.* (安邦人壽保險股份有限公司)” to “Dajia Life Insurance Co., Ltd.* (大家人壽保險股份有限公司)” and its controlling shareholder has been changed from Anbang Insurance to Dajia Insurance, while the de facto controller remains unchanged.
If the Direct Shareholder of the Subscriber as at the Signing Date ceases to hold more than 50.0 per cent.
Dajia Insurance is a company established under the laws of the PRC and is a substantial shareholder of the Company which holds, through the Direct Shareholder, approximately 29.58% of the total issued share capital of the Company as at the date of this announcement.
INFORMATION ON ANBANG INSURANCE Anbang Insurance is a company established under the laws of the PRC and was a substantial shareholder of the Company prior to its transfer of shareholding in the Direct Shareholder to Dajia Insurance (i.e. prior to 23 August 2019).
The Direct Shareholder is owned as to approximately 99.98% by Dajia Insurance and thus Dajia Insurance is a connected person of the Company.
The Company was informed by the Direct Shareholder that on 23 August 2019, pursuant to the approval by the CBIRC, the Direct Shareholder has been renamed from “Anbang Life Insurance Co., Ltd.* (安邦人壽保險股份有限公司)” to “Dajia Life Insurance Co., Ltd.* (大家人壽保險股份有 限 公 司 )” and its controlling shareholder has been changed from Anbang Insurance to Dajia Insurance, while the de facto controller remains unchanged.
As at the date of this announcement, the Direct Shareholder is a substantial shareholder of the Company which holds approximately 29.58% of the total issued share capital of the Company directly.