INFORMATION OF THE SELLER Sample Clauses

INFORMATION OF THE SELLER. The Seller is a company incorporated in the British Virgin Islands with limited liability and is principally engaged in investment holding. The Seller is an indirect wholly-owned subsidiary of eSun as at the date of this joint announcement. eSun is an exempted company incorporated in Bermuda with limited liability, the issued shares of which are listed and traded on the Main Board of the Stock Exchange. eSun acts as an investment holding company and the principal activities of the eSun Group include the development, operation of and investment in media and entertainment, music production and distribution, the investment in and production and distribution of television programmes, films and video format products, cinema operation, property development for sale and property investment for rental purposes as well as the development and operation of and investment in cultural, leisure, entertainment and related facilities. The Target Company is an investment holding company incorporated in the British Virgin Islands with limited liability. The Target Group is principally engaged in design, development and operation of Phase I of Novotown project in Hengqin, Zhuhai City, Guangdong Province of the PRC, which is an integrated tourism and entertainment project comprising of two themed indoor experience centres namely “Lionsgate Entertainment WorldTM” and “National Geographic Ultimate Explorer” under the intellectual property licenses granted by “Lionsgate” and “National Geographic”, hotel, offices, serviced apartments, cultural studios and shopping and leisure facilities. Set out below is a summary of unaudited consolidated financial information of the Target Group for the financial years ended 31 July 2017 and 2018 prepared in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants: Net profit (before taxation) 727,715 738,721 Net profit (after taxation) 547,892 550,960 The Transaction enables eSun Group to crystalise the value in its investment in the Target Company and recycle the capital for its other obligations. The net proceeds to be received by eSun from the Transaction will enable the eSun Group to reduce its borrowings and to improve its working capital position for future opportunities that may arise. LSD and LSG would leverage their extensive resources and experience in property investment and development as well as consolidate its exposure in the Hengqin project and thereby strengthen i...
Sample 1Sample 2
AutoNDA by SimpleDocs
INFORMATION OF THE SELLER. The Seller is an experienced property agent and a negotiator to negotiate with the owners of the buildings which have the potential for redevelopment purpose and therefore the Seller is only aiming at to re-sell the DLL Properties to the developer on or before the completion of the Property Purchase Agreements, therefore the Seller has no intention to complete the Property Purchase Agreements by himself. The Seller started the negotiation process with the Property Vendors for more than a year and the relationship between the Property Vendors and the Seller is based on trust in terms of the Property Vendors believes that the Seller shall bargain with the developer for a good and reasonable price to acquire their units in a whole lot, therefore the Property Vendors themselves shall decline other offers provided by other developer and they will only sell the DLL Properties to the Seller. The Seller approached the management of the Company directly and made verbal offers to the Company in early January 2016 and the preliminary negotiation between the Company and the Seller commenced in June 2016.
Sample 1
INFORMATION OF THE SELLER. The Seller is principally engaged in the sale of computerized knitting machines in PRC, Hong Kong and certain South-East Asian countries. The Company is an investment holding company incorporated in Bermuda and the principal activities of the Group include manufacturing, on an OEM basis, and trading of men’s, ladies’ and children’s knitted garments mainly to the United States and Europe. Due to the increase in labour cost in Pan Pearl River Delta, the Directors believe that the Acquisition is in the interests of the Company as it will reduce the demand for labour force and allow the Group to have better control over labour cost which is in line with the Group’s overall business objective to enhance cost effectiveness.
Sample 1
INFORMATION OF THE SELLER. Xinyuan Smart Storage was incorporated in the PRC in July 2021 and is a non wholly-owned subsidiary of the Company. It is owned as to 55.32% by the Company and 44.68% by three independent third parties (which are ultimately owned and controlled by various individuals and private companies independent of the Group and its connected persons). Xinyuan Smart Storage is a specialized platform for novel energy storage technology innovation and application for the Company’s new strategy in strategic emerging industries, mainly engaged in energy storage system investment, system integration research and development and application. Xxxxxxxx Xxxxxx was incorporated in the PRC in March 2007 and is principally engaged in provision of services in relation to equipment procurement, contract execution and quality control, logistics management and technical consultation at on-site installation and commissioning stage. It is a wholly-owned subsidiary of Shandong Institute, which is ultimately owned and controlled by SPIC. SPIC is an investment holding company principally engaged in businesses that cover various sectors, including power, coal, aluminum, logistics, finance, environmental protection and high-tech industries in the PRC and abroad. SPIC, together with its subsidiaries, is an integrated energy group which simultaneously owns thermal power, hydropower, nuclear power and renewable energy resources in the PRC. As at the date of this announcement, SPIC owns approximately 64.01% of the issued share capital of the Company. As SPIC is the ultimate controlling shareholder of the Company, SPIC, its subsidiaries and associates are connected persons of the Company within the meaning of the Listing Rules. Shandong Ludian is an indirect subsidiary of SPIC. Accordingly, Xxxxxxxx Xxxxxx is a connected person of the Company and the entering into the XXXX S&P Contract constitutes a connected transaction of the Company under the Listing Rules. As certain applicable percentage ratios in respect of the XXXX S&P Contract exceed 0.1% but are less than 5%, the transaction contemplated thereunder is therefore subject to the announcement and reporting requirements but is exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.
Sample 1

Related to INFORMATION OF THE SELLER

  • Authorization of the Servicer (a) Each of the Borrower, each Managing Agent, on behalf of itself and the related Lenders, the Administrative Agent and each Hedge Counterparty hereby authorizes the Servicer (including any successor thereto) to take any and all reasonable steps in its name and on its behalf necessary or desirable and not inconsistent with the pledge of the Transferred Loans to the Lender, each Hedge Counterparty, and the Collateral Custodian, in the determination of the Servicer, to collect all amounts due under any and all Transferred Loans, including, without limitation, endorsing any of their names on checks and other instruments representing Collections, executing and delivering any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Transferred Loans and, after the delinquency of any Transferred Loan and to the extent permitted under and in compliance with Applicable Law, to commence proceedings with respect to enforcing payment thereof, to the same extent as the Originator could have done if it had continued to own such Loan; provided, however, that the Servicer may not execute any document in the name of, or which imposes any direct obligation on, any Lender. The Borrower shall furnish the Servicer (and any successors thereto) with any powers of attorney and other documents necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties hereunder, and shall cooperate with the Servicer to the fullest extent in order to ensure the collectibility of the Transferred Loans. In no event shall the Servicer be entitled to make the Borrower, any Lender, any Managing Agent, any Hedge Counterparty, the Collateral Custodian or the Administrative Agent a party to any litigation without such party’s express prior written consent, or to make the Borrower a party to any litigation (other than any routine foreclosure or similar collection procedure) without the Administrative Agent’s consent. (b) After an Early Termination Event has occurred and is continuing, at the Administrative Agent’s direction, the Servicer shall take such action as the Administrative Agent may deem necessary or advisable to enforce collection of the Transferred Loans; provided, however, that the Administrative Agent may, at any time that an Early Termination Event has occurred and is continuing, notify any Obligor with respect to any Transferred Loans of the assignment of such Transferred Loans to the Administrative Agent and direct that payments of all amounts due or to become due to the Borrower thereunder be made directly to the Administrative Agent or any servicer, collection agent or lock-box or other account designated by the Administrative Agent and, upon such notification and at the expense of the Borrower, the Administrative Agent may enforce collection of any such Transferred Loans and adjust, settle or compromise the amount or payment thereof. The Administrative Agent shall give written notice to any Successor Servicer of the Administrative Agent’s actions or directions pursuant to this Section 7.3(b), and no Successor Servicer shall take any actions pursuant to this Section 7.3(b) that are outside of its Credit and Collection Policy.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!