Examples of JV Company in a sentence
The JV Company is a company incorporated in the British Virgin Islands with limited liability and is wholly- owned by COMPLANT as at the date of this announcement.
As one of the conditions precedent to Completion, the JV Company will issue and allot the New JV Company Shares which comprises 99 JV Company Shares to COMPLANT at par value, and the Sale JV Company Shares will represent 70% of the equity interest in the JV Company after the issue and allotment of the New JV Company Shares to COMPLANT.
Upon Completion, the JV Company will be owned as to 70% and 30% by the Company and COMPLANT respectively, and accordingly the JV Company will become a subsidiary of the Company.
The cost for COMPLANT to acquire the Sale JV Company Shares will be US$70, being the aggregate par value of the Sale JV Company Shares.
The Disposal Company is currently holding (a) 100% equity interest in the Anshan Coastal Xintiandi Project; and (b) the Beijing Bay Project through the JV Company, of which the Disposal Company indirectly owns 40% of its equity interest.