Examples of JV Group in a sentence
The formation of the JV Group will enable the Group to expand its business scope, increase its profitability and bring long term value to the Group.
On 2 October 2015 after trading hours in Hong Kong, the Company, PAH SubCo, CKI, CKI SubCo and members of the JV Group entered into the Shareholders’ Agreement in relation to the formation of a joint venture (in the form of JVCo), the Subscription, funding for the Acquisition, and the operations and management of the JV Group and of Iberwind Group following completion of the Acquisition.
As regard the timing for repayment, the shareholders' loans shall be repaid at such time and in such amount as the board of Windcharm from time to time determine, such that (i) all shareholders' loans shall be repaid at the earliest opportunity out of surplus funds of the JV Group before declaration of dividend; and (ii) the Priority Shareholders' Loans shall be repaid first and all other shareholders' loans shall be repaid on a pro rata basis in accordance with the terms of the Funding Agreement.
Following completion of the Subscription, each of the Company and CKI will continue to hold an indirect 50% interest in JVCo and each member of the JV Group will be accounted for as a joint venture of the Company in its consolidated financial statements.
Shareholders are further reminded that the Company will only have a minority interest in the JV Group holding the Property following completion of the Disposal.