Examples of BVI Subsidiary in a sentence
The BVI Subsidiary is a company incorporated in the British Virgin Islands with limited liability and is principally engaging in investment holding.
It is a Condition to the Completion that the BVI Subsidiary, the 49% shareholder of the HK Subsidiary and the HK Subsidiary shall enter into the Shareholders’ Agreement in relation to the management of the HK Subsidiary.
INFORMATION OF THE DISPOSAL GROUP The Disposal Group comprises the BVI Subsidiary, the HK Subsidiary (which is wholly- owned by the BVI Subsidiary) and Qianhai Yue’s (which is wholly-owned by the HK Subsidiary).
Xxxxxx and release of Shareholder Loans: On Completion, among other things, the Company, the BVI Subsidiary and HK Subsidiary shall enter into the Deed of Waiver whereby the Shareholder Loans shall automatically terminate, and each of the BVI Subsidiary and the HK Subsidiary shall be irrevocably and unconditionally released and discharged from all liability relating to, arising out of, or connected with the Shareholder Loans.
The Target is the sole legal and beneficial owner of the BVI Subsidiary.