Transfer Target. Party A agrees to transfer 100% share equities and related interests of Shanghai Huadong Auto Rental Co., Ltd. as well as its creditor’s rights of RMB2.5 million to Party B with consideration. The target of equity transfer shall include all the current or future rights affiliated to such share equities upon the signing of this Contract.
Transfer Target the equity exchange contemplated by this Contract shall refer to the transfer with consideration of the equities or shares of the target enterprise owned by the capital contributors or the shareholders. Transfer target refers to the target of such equity exchange, including all or part of the investment interests of a non-corporate enterprise, all or part of shares of a limited liability company, non-listed stock company or a stock cooperative enterprise, and other capital interests that are transferable in accordance with laws.
Transfer Target. 本协议项下标的股权，是指本协议转让方持有的目标公司 %股权。 Target equity interest in this agreement refers to % equity interest the transferer hold.
Transfer Target. The Transfer Target comprises the ownership of Leased Assets, creditor’s rights of the rent receivables and all the security interests under the Finance Lease Agreement. The Leased Assets are the roadway assets and ancillary facilities of a highway located in Guangxi Province, the PRC. The appraised value of the Leased Assets is approximately RMB1,167,505,663 in total. The Asset Transferor does not separately calculate the profits before and after tax of the Transfer Target. Lease Period 180 months
Transfer Target. The Transfer Target comprises the ownership of Leased Assets, creditor’s rights of the rent receivables and corresponding security interests under the Finance Lease Agreement. The Leased Assets are the fixed assets of a toll bridge located in Guangdong Province, the PRC. The net book value of the Leased Assets is approximately RMB824,644,689 in total. The Lessee does not separately calculate the profits before and after tax of the Transfer Target.
Transfer Target. Party A shall transfer the 23,000-are crude salt field at Qingshuibo Farm (the “Property”) to Party B (a description of the area of the Property is attached). Party B has agreed to acquire the Property from Party A.
Transfer Target. Party B owned 100% of Party C equity, which means Party B is the wholly-owned controlling shareholder. Party B agreed to transfer the equity, assets and license of Party C it held to Party A (except Rebornne brands and products, market channels), Party A accepted the transfer. Party B will withdrawal the Rebornne product brands authorization from Party C.
Transfer Target. Regarding the Transfer Target, the Parties unanimously confirm that:
Transfer Target. The Transfer Target comprises the ownership of Leased Assets and creditor’s rights of the rent receivables under the Finance Lease Agreement. The Leased Assets are the subway equipment and other assets located in Sichuan Province, the PRC. The net book value of the assets is approximately RMB1,257,809,388 in total. The Lessee does not separately calculate the profits before and after tax of the Transfer Target.
Transfer Target. The Transfer Target comprises the ownership of Leased Assets and creditor’s rights of the rent receivables under the Finance Lease Contract. The Leased Assets comprise the railway assets in Hubei Province, the PRC. The net book value of the Transfer Target as at the signing of the Asset Transfer Agreement is approximately RMB590,570,487.57 in total. The Lessee does not separately calculate the profits before and after tax of the Transfer Target. Transfer Consideration and Method of Payment Transfer consideration is RMB590,570,487.57 in total. Pursuant to the Asset Transfer Agreement, the transfer consideration shall be paid by the Asset Transferee to the Company in one lump sum by 31 July 2022. The terms of the Asset Transfer Agreement (including the transfer consideration) were determined upon arm’s length negotiation between the Asset Transferee and the Asset Transferor with reference to the net book value of the Transfer Target, prevailing business practices and the financial position of the transaction counterparty. Use of Proceeds Immediately after the payment of the transfer consideration, the Company will no longer be interested in the Transfer Target. The net proceeds received from the transaction under the Asset Transfer Agreement will be used for supplementing the working capital of the Company or repaying bank debts. Guarantee There is no guarantee arrangement for this transaction.
