Examples of Beijing SASAC in a sentence
Beijing SASAC is the ultimate beneficial owner of Xxxx Xxx Xxxx Holdings.
If we acquire the Entrusted Equity Interests If we exercise our option to acquire the Entrusted Equity Interests, we will need to pay consideration for the purchase of the Entrusted Equity Interests in an amount equal to at least 90.0% of the total appraised value of the Entrusted Equity Interests as approved by the Beijing SASAC.
The Non-public Issuance remains subject to the approval at the Shareholders’ meeting, A Shares Class Meeting and H Shares Class Meeting of the Company, approval of Beijing SASAC, and approval of CSRC and other securities regulatory authorities (if applicable).
On 6 July 2009, our Parent received written confirmation from the Beijing SASAC indicating that the Beijing SASAC has agreed in principle that our Parent may transfer the Entrusted Equity Interests pursuant to a share transfer agreement between our Parent and our Company.
The ultimate actual controller of Capital Securities is Beijing SASAC.
The Company will convene a Board meeting to consider the transaction price (among other things) after the Valuation Report is officially issued and approved by the Beijing SASAC.
The Parent is a limited liability company established under the laws of the PRC on 6 December 1996 and is a wholly-owned subsidiary of the Beijing SASAC.
The transfer price shall ultimately be determined by both the Company and BNSIGC with reference to the appraised value arrived at in the valuation of the Land by a third-party assets appraiser with relevant qualifications and approved by Beijing SASAC.
This is because the transfer price under the Transfer Agreement can only be determined after Beijing SASAC has reviewed and issued approvals on the Valuation Report and the Company requires additional time to prepare the financial information and the property valuation report to be set out in the circular.