Accounting Unit. The currency of accounts of the Company shall be Renminbi. When foreign currency transactions take place, the foreign currency amount will be converted into the reporting currency for recording purposes. Any increase or decrease in the balance of accounts relating to foreign currency transactions shall be translated into the currency of account in accordance with the official Foreign Exchange rate announced by the People’s Bank of China on the transaction date or on the first day of the month when the transaction takes place. TSEC JV Contract amended in August 18, 2017 33
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Samples: Joint Venture Contract (Synthesis Energy Systems Inc), www.sec.gov
Accounting Unit. The currency of accounts of the Company shall be Renminbi. When foreign currency transactions take place, the foreign currency amount will be converted into the reporting currency for recording purposes. Any increase or decrease in the balance of accounts relating to foreign currency transactions shall be translated into the currency of account in accordance with the official Foreign Exchange foreign exchange rate announced by the People’s Bank of China on the transaction date or on the first day of the month when the transaction takes place. TSEC JV Contract amended in August 18, 2017 33.
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Accounting Unit. The currency of accounts of the Company shall be Renminbi. When foreign currency transactions take place, the foreign currency amount will be converted into the reporting currency for recording purposes. Any increase or decrease in the balance of accounts relating to foreign currency transactions shall be translated into the currency of account in accordance with the official Foreign Exchange rate announced by the People’s Bank of China on the transaction date or on the first day of the month when the transaction takes place. TSEC JV Contract amended in August 18, 2017 33.
Appears in 1 contract
Samples: Joint Venture Contract (Synthesis Energy Systems Inc)