THE JOINT VENTURE AGREEMENT. The Joint Venture Agreement is hereby amended to reflect the registration and public offering of an additional 350,000 Units, and the renewal of the Joint Venture Agreement to allow the Joint Venture to continue in effect until December 31, 2001. In all other respects, the terms of the Joint Venture Agreement are restated in their entirety.
THE JOINT VENTURE AGREEMENT. The Parties had entered into the JVA on 7 May 2012, with the aim of forming a metal neutral alliance, through coordinating their business operations and sharing of revenues and costs for scheduled air passenger services on transpacific routes between Asia and the Americas.
THE JOINT VENTURE AGREEMENT. 2.1. Information on the Joint Venture Partner
THE JOINT VENTURE AGREEMENT. A. Date
B. Parties
(i) the Vendor; and
(ii) Menson.
THE JOINT VENTURE AGREEMENT. Date: 8 September 2004 Parties: VSII, VS Zhuhai and Xxxx To the Directors’ best knowledge, information and belief having made all reasonable enquiry, Wako and its beneficial owners are independent of and not connected with the Directors, chief executive or substantial shareholders of the Company or any of its subsidiaries or any of their respective associates, as defined under the Listing Rules. Under the Joint Venture Agreement, VSII and VS Zhuhai, wholly owned subsidiaries of the Company, agreed with Wako for the cooperation and joint investment in the PRC to set up production facilities for the manufacture of the Products in the PRC through their proposed joint investment in JVC, and JVC’s investment in PRC JV. Pursuant to the Joint Venture Agreement, VSII and Wako shall as soon as practicable after the signing of the Joint Venture Agreement incorporate or set up JVC and subscribe for 189 and 811 Shares of US$1 each in the capital of JVC respectively for cash at par. At completion of the Joint Venture Agreement, VSII and Wako shall further subscribe for 491,211 and 2,107,789 Shares respectively, after which the entire issued share capital of JVC will be beneficially owned as to 18.9% by VSII and 81.1% by Xxxx. The Joint Venture Agreement provides that as soon as practicable after its signing by the parties, JVC, Wako and VS Zhuhai shall enter into the PRC JV Agreement for the establishment of PRC JV and the total investment and the registered capital of PRC JV will be US$5,000,000 (equivalent to approximately HK$38,950,000) and US$3,900,000 (equivalent to approximately HK$30,381,000) respectively. The registered capital of PRC JV shall be contributed as to US$2,500,000 (equivalent to approximately HK$19,475,000) (64.1%) by JVC in cash, US$30,000 (equivalent to approximately HK$233,700) (0.8%) by Wako in cash and US$1,370,000 (equivalent to approximately HK$10,672,300) (35.1%) by VS Zhuhai by way of machinery and equipment. Under the Joint Venture Agreement and the PRC JV Agreement, there is no provision stipulating the amount of contribution by the investors of PRC JV towards the balance of US$1,100,000 (equivalent to approximately HK$8,569,000) between the total investment and the registered capital of PRC JV. The Company will comply with the relevant requirements of the Listing Rules (where required) if the investment by the Group in the JVC or PRC JVC increases. The Group’s total investment in the JVC Group will be funded out of internal resources of...
THE JOINT VENTURE AGREEMENT. In connection with the Capital Increase Agreement and for the purpose of governing the rights and obligations of the shareholders of Ji’nan Qihui, on 4 December 2015, Sinotruk Capital Holding, CNHTC, Shandong Sanwei and the other existing shareholders of Ji’nan Qihui entered into the Joint Venture Agreement with material terms summarised below:
THE JOINT VENTURE AGREEMENT. Pursuant to the terms of the Joint Venture Agreement, subject to certain conditions which the Investor and Aspace HK are expected to fulfil, Aspace HK and the Investor shall maintain their shareholding ratio at 85:15 in Aspace Saudi. The Investor is expected to assist Aspace Saudi in the establishment of its satellite manufacturing facilities in the Kingdom of Saudi Arabia and its business operation thereafter. Masarrah Investment Company#, the parent company and family office of Almutlaq Group (AMG), has been part of the economy of the Kingdom of Saudi Arabia since 1954 and has contributed through investment and operating companies in sectors like retail, energy and petrochemical, industrial manufacturing, agro & food, real estate and most recently by participating in privatization projects (acquisitions & greenfield developments) in the Kingdom of Saudi Arabia. To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, as of the date of this announcement, the Investor and its ultimate beneficial owner(s) is an Independent Third Party. Aspace Saudi is a company with limited liability incorporated under the laws of the Kingdom of Saudi Arabia and is an indirect non-wholly owned subsidiary of the Company as at the date of this announcement. It is intended that Aspace Saudi will be principally engaged in satellite manufacturing in the Kingdom of Saudi Arabia.
THE JOINT VENTURE AGREEMENT. The Board is pleased to announce that on 8 September 2022 (after trading hours), Party A, a wholly-owned subsidiary of the Company, entered into the Joint Venture Agreement with Party B and the Joint Venture Company, pursuant to which Party A will transfer 50% equity interest in the Joint Venture Company to Party B at nil consideration. Set out below are the major terms of the Joint Venture Agreement: 8 September 2022
THE JOINT VENTURE AGREEMENT. The Joint Venture Agreement is hereby amended to reflect the registration and public offering of an additional 960,000 Units, the extension of the exclusivity arrangement contained in the Joint Venture Agreement to May 31, 2000, and the relocation of the principal place of business of the Joint Venture to the offices of MLIP in Plainsboro, New Jersey. In all other respects, the terms of the Joint Venture Agreement are restated in their entirety.
