Joint Venture Company. A company or partnership that the Associate Company or a company within the [ASSOCIATE COMPANY NAME] group of companies owns jointly with a third party(ies) for a joint venture purpose.
Joint Venture Company. Go Public and WLG may decide to form a corporate entity for the Joint Venture in the future. The terms of this Agreement shall be reflected in the organizational documents of such entity to the extent possible. To the extent that the terms of this Agreement are not incorporated into any such organizational documents, the terms of this Agreement shall remain in effect.
Joint Venture Company. Article 3.1 The two parties have agreed to establish a joint venture bearing the name of " Kunming Xinmao Petrochemical Industry Co., LTD", in Chinese characters ", hereinafter referred to as the joint venture company. The statuary address of the joint venture Company is on the 3rd floor of Huahui Hotel. Xiaocaiyuan, Kunming, Yunnan, PR China. The joint venture company shall establish its sub-offices and subsidiary organizations in the China mainland, Hong Kong or Other countries and regions, in line with the requirements of the company, with the decision of the board of the directors and the approval of the competent authorities.
Joint Venture Company. The Parties to this Agreement have agreed to establish a Joint Venture Company (hereinafter “JVC”) for the purpose of executing the Business Plan and achieving the business objectives described in the RECITALS above.
Joint Venture Company. (a) The Parties acknowledge that certain matters relating to the Property may need to be considered and determined from time to time according to the requirements of applicable laws, taxation considerations, and the prevailing commercial practices and policies of applicable Governmental Authorities. As a result, in connection with the Joint Venture and the Joint Venture Agreement, the Parties may decide that it may be necessary or otherwise desirable to incorporate an appropriate legal entity for purposes of the Joint Venture (a “Joint Venture Company”), in which case:
Joint Venture Company. The exploration results belong to the Joint Venture after the Joint Venture Company and Party A through consultation decide the responsibility of the cost and expenditures spent by Party A on such exploration.
Joint Venture Company. On 18 May 2020 (after trading hours), SZ Kingworld entered into the Share Transfer Agreement with Xx. Xxxx in relation to the transfer of equity interest in SZ Shuxintang. Upon completion of the Share Transfer Agreement, SZ Shuxintang will be 40.8% held by SZ Kingworld, 39.2% held by SZ Kingworld Industry and 20% held by Xx. Xxxx, respectively. XX Xxxxxxxxxx will engage in the provision of cultural and art exchange planning, exhibition and display services and public relations planning services for the purpose of strengthening corporate culture publicity and enhancing brand influence of the Group. IMPLICATIONS UNDER THE LISTING RULES SZ Kingworld is a wholly-owned subsidiary of the Company. SZ Kingworld Industry is ultimately 80% owned by Xx. Xxxx and 20% owned by Xx. Xxxx, respectively. Both of Xx. Xxxx and Xx. Xxxx are executive Directors and Controlling Shareholders of the Company. Therefore, SZ Kingworld Industry is a connected person of the Company. Xx. Xxxx is the daughter of Xx. Xxxx and Xx. Xxxx and is therefore a connected person of the Company. Upon completion of the Share Transfer Agreement, SZ Shuxintang will be a joint venture arrangement formed by SZ Kingworld, SZ Kingworld Industry and Xx. Xxxx, respectively and the formation of joint venture arrangement relating to SZ Shuxintang constitutes a connected transaction of the Company. As all of the applicable percentage ratios in respect of the consideration received by SZ Kingworld under the Share Transfer Agreement and the total capital injection by SZ Kingworld in SZ Shuxintang is less than 5% and the total amount of the consideration received by SZ Kingworld under the Share Transfer Agreement and the capital injection by SZ Kingworld in SZ Shuxintang is below HK$3,000,000, the formation of the joint venture arrangement by SZ Kingworld, SZ Kingworld Industry and Xx. Xxxx relating to SZ Shuxintang constitutes a fully exempt connected transaction under the de minimis exemption of Chapter 14A of the Listing Rules and is fully exempt from the reporting, annual review, announcement, circular and independent shareholders’ approval requirements. The disclosure relating to the establishment of a joint venture relating to SZ Shuxintang in this announcement is made by the Company on a voluntary basis. In response to the recent shortage of medical masks caused by the outbreak of the novel coronavirus (COVID-19), the Group would like to diversify its product portfolio to cover the distribution of medical...
Joint Venture Company. On 18 May 2020 (after trading hours), SZ Kingworld entered into the Share Transfer Agreement with Xx. Xxxx in relation to the transfer of equity interest in SZ Shuxintang. Upon completion of the Share Transfer Agreement, SZ Shuxintang will be 40.8% held by SZ Kingworld, 39.2% held by SZ Kingworld Industry and 20% held by Xx. Xxxx, respectively. As (i) SZ Kingworld will control the majority of the board of directors of XX Xxxxxxxxxx; and
Joint Venture Company. The Joint Venture Company shall be operated under the name of
Joint Venture Company. The Joint Venture Company shall pay taxes and customs duties in accordance with the provisions of officially promulgated laws, regulations and relevant agreements of the PRC with relevant other countries. The Joint Venture Company shall have the benefit of each and every provision of preferential tax treatment accorded to Chinese-foreign equity joint ventures established in Shanghai.
