Examples of Equity joint venture in a sentence
The Foreign Investment Law replaced the Sino-Foreign Equity Joint Venture Enterprise Law, the Sino-Foreign Cooperative Joint Ventures Enterprise Law and the Wholly Foreign-Invested Enterprises Law to become the legal foundation for foreign investment in the PRC.
Party A and Party B hereby agree that they shall cause an Equity Joint Venture to be established upon signing of this Contract on the basis of the Articles and pursuant to the Law of the People's Republic of China on China Foreign Equity Joint Ventures, the Detailed Implementing Regulations for the Law of the PRC on Equity Joint Ventures and the provisions of other applicable PRC laws and regulations.
In accordance with the Law of the People’s Republic of China on Sino-foreign Equity Joint Venture Enterprises, the implementation regulations issued thereunder and other applicable laws and regulations, the aforesaid Parties, adhering to the principle of equality and mutual benefit and through friendly consultations, agree to form a joint venture company on the following terms and conditions in Shanghai Municipality, China.
Sino-foreign Equity Joint Venture PRC Xxxx 000, Xxxxx 00, 000 Xxxxx Xxxx, Xxxxxxxx Beijing eHi Car Rental Co., Ltd.
On 24 October 2013 and 25 November 2013, Sinopec Corp., SPC and BPCECIL amended the Equity Joint Venture Contract and Articles of Association to progressively increase the registered capital of the Company from USD 901,440,964 to USD 1,051,526,582.
Benda Ebei was registered as a Sino-Foreign Equity Joint Venture on June 16, 2004 and is subject to the tax laws applicable to Sino-Foreign Equity Joint Ventures in the PRC.
On June 11, 2007, Benda, through its 95% owned China-based subsidiary, Hubei Tongji Benda Ebei Pharmaceutical Co., Ltd., a Sino-Foreign Equity Joint Venture company incorporated under the laws of the PRC (“Benda Ebei”) entered into an Equity Transfer Agreement with Huimin Zhang and Yaojin Wang, the individuals shareholders of SiBiono, and to purchase 1.6% and 0.96% respectively of the shares of common stock of SiBiono.
In setting up the joint venture, as specified in the Equity Joint Venture Agreement (“EJV”) dated September 26, 2016, Synergy contributed RMB 60,300,000 ($9,000,000) and the Corporation contributed RMB 6,700,000, ($971,000) in March 2017 representing 90% and 10% of the registered capital in Synergy Ballard JVCo, respectively.
Equity Joint Venture Contract between Jiangbai Steel Processing and Logistics Co., Ltd.
In accordance with the Law of People’s Republic of China on Sino-foreign Equity Joint Venture Enterprises, the Implementation Rules of People’s Republic of China’s Sino-foreign Joint Venture Enterprise Law and other relevant PRC Laws, the Parties, adhering to the principles of equality and mutual benefit and through friendly consultations, agree to form a Sino-foreign joint venture company in Guangzhou, China.