COFCO Finance definition

COFCO Finance. COFCO Finance Co., Ltd. (中糧財務有限責任公司), a limited liability company incorporated in the PRC and a wholly-owned subsidiary of COFCO;
Sample 1
COFCO Finance. COFCO Finance Corporation Limited (中糧財務有限責任公司), a limited liability company established in the PRC and an indirect wholly-owned subsidiary of COFCO
Sample 1
COFCO Finance. 中糧財務有限責任公司 (COFCO Finance Company Limited), a company established in the PRC with limited liability and an indirect wholly-owned subsidiary of COFCO “Company” CPMC Holdings Limited (中糧包裝控股有限公司), a company incorporated in Hong Kong with limited liability, the issued shares of which are listed on the Main Board of the Stock Exchange “connected person(s)” has the meaning ascribed thereto under the Listing Rules “CPMC Investment” CPMC Investment Co., Ltd. (中糧包裝投資有限公司), a company incorporated in the PRC with limited liability and an indirect wholly-owned subsidiary of the Company “Deposit Services” the deposit and related services to be provided by COFCO Finance to the Group under the 2022 Financial Services Agreement
Sample 1

Examples of COFCO Finance in a sentence

  • Since the Loan Services under the 2024 Financial Services Agreement are on normal commercial terms (or better to the Group) where no security over the assets of the Group will be granted in respect of the financial assistance given by COFCO Finance, the Loan Services under the 2024 Financial Services Agreement are exempt from the reporting, announcement and the Independent Shareholders’ approval requirements under the Listing Rules pursuant to Rule 14A.90 of the Listing Rules.

  • With respect to COFCO Finance, a risk management committee and an independent audit department have been established.

  • The risk management committee (i) reviews the interest rates proposal on the Deposit Services prepared by Capital Department of COFCO Finance in accordance with the rates offered by the Major PRC Commercial Banks; (ii) reviews and approves the pricing policy of lending business in accordance with the rates offered by the Major PRC Commercial Banks; and (iii) conducts close tracking on the market and implementation of caps set for the deposit and lending business.

  • As the 2021 Financial Services Agreement will expire on 31 December 2024, on 21 October 2024 (after trading hours), the Company, COFCO Meat and COFCO Finance entered into the 2024 Financial Services Agreement, details of which are set out below.

  • For example, an analysis and assessment will be conducted on (i) the deposit and lending rates offered by COFCO Finance; and (ii) the rates offered by the Major PRC Commercial Banks to the Group regularly.

  • COFCO Finance is a non-banking financial institution established in the PRC since 2002 with the approval of the PBC.

  • In determining the handling fees of the Entrustment Loan Services, the Company will seek the rates quotation from the Major PRC Commercial Banks in advance and compare them with the rates charged by COFCO Finance.

  • In order to ensure that the pricing terms of individual transactions under the Deposit Services, the Loan Services and the Entrustment Loan Services will be made in accordance with the pricing principles as stated above, the Group and COFCO Finance shall carry out the measures below: With respect to the Group, an internal integrated assessment mechanism on the deposit and lending rates and handling fees will be established based on fair market principle.

  • Prior to placing deposits to or requesting loans from COFCO Finance, the Company will seek the interest rates quotation from the Major PRC Commercial Banks to make the strategic decisions on the deposits and loans services.

  • In addition, to ensure that the 2024 Financial Services Agreement is smoothly executed, COFCO Finance has appointed an independent external auditor to carry out a special audit on such connected transaction at the end of each quarter to manage and reduce the risk of the relevant businesses.

Related to COFCO Finance

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Renewable energy means energy derived from sunlight, wind, falling water, biomass, sustainable or

  • Asset Management is a principle/practice that includes planning processes, approaches, plans, or related documents that support an integrated lifecycle approach to the effective stewardship of infrastructure assets to maximize benefits and effectively manage risk.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • banking company means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • Crown means the government of the United Kingdom (including the Northern Ireland Assembly and Executive Committee, the Scottish Executive and the National Assembly for Wales), including, but not limited to, government ministers and government departments and particular bodies, persons, commissions or agencies from time to time carrying out functions on its behalf;

  • LLC means Limited Liability Company.

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.