SHAREHOLDING STRUCTURE OF THE TARGET COMPANY Sample Clauses

SHAREHOLDING STRUCTURE OF THE TARGET COMPANY. As at the date of this announcement, the total share capital of Thvow Technology is 882,914,400 shares. Xx. Xxxx Yuzhong holds 175,053,374 shares of Thvow Technology, representing 19.83% of the total share capital, Xx. Xxxx Fengzhu, the spouse of Xx. Xxxx Yuzhong, holds 7,514,196 shares of Thvow Technology and Qian Runqi, the son of Xx. Xxxx Fengzhu and Xx. Xxxx Yuzhong, holds 911,500 shares of Thvow Technology. Xx. Xxxx Yuzhong, Xx. Xxxx Fengzhu and Xx. Xxxx Runqi,acting in concert with each other, collectively hold 183,479,070 shares, representing 20.78% of the total share capital. Xx. Xxxx Yuzhong is the de facto controller of Thvow Technology. Before this transaction, the Company subscribed for 81,181,318 shares, representing 9.19% of the total share capital of Thvow Technology, pursuant to a non- public shares issuance of Thvow Technology. Upon completion of the transaction, the Company will directly hold an aggregate of 132,458,814 shares of Thvow Technology, representing 15.00% of the total share capital of Thvow Technology, and will hold the voting rights of 131,290,074 shares of Thvow Technology, representing 14.87% of the total share capital of Thvow Technology, by way of voting rights entrustment. The total number of shares of Thvow Technology with voting rights attached being held by the Company will be 263,748,888, representing 29.87% of the total share capital of Thvow Technology. Accordingly, Thvow Technology will constitute a subsidiary of the Company.
Sample 1
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SHAREHOLDING STRUCTURE OF THE TARGET COMPANY. The shareholding structure of the Target Company before and immediately after completion of the Capital Increase is set out as follows: Before completion of the Capital Increase Amount of the registered capital of the Target Company Immediately after completion of the Capital Increase Amount of the registered capital of the Target Company Name of shareholder (in RMB) Percentage (in RMB) Percentage Suzhou Zhaokun 95,000,000 82.65% 95,000,000 47.5% Xiamen Liyuan 5,000,000 4.35% 5,000,000 2.5% Xx Xxx 14,940,000 13% 100,000,000 50% Total 114,940,000 100% 200,000,000 100% FINANCIAL INFORMATION OF THE TARGET COMPANY Set out below are certain financial information of the Target Company for the period from 30 October 2015 (date of establishment) to 31 December 2015 and the nine months ended 30 September 2016: As at 31 December 2015 (audited) (in RMB’000) As at 30 September 2016 (unaudited) (in RMB’000) Total assets 3,844,000 4,253,368 Net assets 100,000 88,443 For the period from 30 October 2015 (date of establishment) to 31 December 2015 For the nine months ended 30 September 2016 (audited) (unaudited) (in RMB’000) (in RMB’000) Loss before taxation — 15,390 Loss after taxation — 11,557 REASONS FOR AND BENEFITS OF ENTERING INTO THE SECOND CAPITAL INCREASE AGREEMENT Xxxxxx Xxxxxxx won a piece of land in the Jiangsu Province, the PRC through bidding in August 2015 and transferred the Land to the Target Company in December 2015. The Target Company was established as a project company with a registered capital of RMB100,000,000 on 30 October 2015 for the development of the Land (project name: Jianfa. Du Shu Wa). The major asset held by the Target Company is Construction in Progress which mainly comprises the Land. The Land is located in a lake area in Wuzhong District, Suzhou, Jiangsu Province surrounded by high end residential real estate projects of other renowned property developers in the PRC and is situated near an eco-park. Besides, the Land is close to commercial business districts and offers easy access to downtown. The construction plan of the Land has already been well established in December 2015. There will be three phrases of the project in total. The first phrase of the project has started in February 2016 and is expected to be complete in December 2017. The second phrase has started in November 2016 and is expected to be complete by August 2018. The last phrase is expected to start in June 2017 and is expected to be complete by June 2020. Apartments ran...
Sample 1

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