HK Entity definition
Examples of HK Entity in a sentence
The Company does not currently own or control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, limited liability company, association or other business entity other than the WFOE, HK Entity and the Domestic Entities.
Section 2.2(B)(a) of the Schedule of Exceptions completely and accurately lists all those who are the beneficial owners of the registered capital of WFOE and the Domestic Entities and the respective percentage of registered capital held thereby, and the shareholders of the HK Entity, and as will be held thereby immediately prior to the Closing.
The workgroup also thinks, consistent with Fordice decision, that an analysis of reasonableness should protect institutions currently with a program.
Each of the Warrantors agrees that the process by which any legal proceedings in Hong Kong are begun may be served on it by being delivered to the HK Entity in Hong Kong at Xxxx 00, 00/X, Xxxxx X Xxxxxxxxx, 00 Xxx Xxxx Street, Xxxx Xxxx Hang, Hong Kong.
The Company shall have established a wholly subsidiary in Hong Kong (the “HK Entity”), and the HK Entity shall have established a wholly foreign-owed enterprise in Beijing (the “WFOE”), and the WFOE shall have obtained a business license.
The HK Entity is qualified to do business and is in good standing in each jurisdiction where it has an operation.
The business of the HK Entity shall be restricted to the holding of shares or equity interest in the WFOEs.
The business of the Company and the HK Entity (as defined below) shall be restricted to the holding and management of its equity interest in the HK Entity and the WFOE (as defined below).
The equity interests in and assets of the HK Entity and the WFOEs are free and clear of all Liens, and no Person other than the Company has any right to participate in, or receive any payment based on any amount relating to, the revenue, income, value or net worth of the HK Entity or the WFOEs or any component or portion thereof, or any increase or decrease on any of the foregoing.
The business of the Company shall be restricted to the holding of shares or equity interest in the HK Entity.