Examples of CR Holdings in a sentence
As at the date of this announcement, CR Holdings, being a controlling shareholder of the Company indirectly holding 53.05% interest in the Company, holds 100% interest in CR Health.
As at the date of this announcement, CR Holdings, the controlling shareholder of the Company, is also a controlling shareholder of CR Gas by holding approximately 61.46% of the issued share capital of CR Gas.
CRI CRI, a borrower and guarantor (except when the borrower is CRI) under the Onshore Framework Loan Agreement 2023, is an intermediate holding company of CR Holdings and is ultimately owned by CRC.
As at the date of this announcement, as CR Holdings is the controlling shareholder of the Company and the Purchaser is a wholly-owned subsidiary of CR Holdings, the Purchaser is therefore a connected person of the Company.
The guarantors will unconditionally and irrevocably guarantee to the relevant lender the due and punctual performance by the borrower (when the guarantor is CR Holdings) or by the borrower which is the guarantor’s subsidiary (when the guarantor is a China Resources Group listed company) of the borrower’s obligations to that lender in connection with that lender’s advance(s) to the borrower made under the Offshore Framework Loan Agreement 2023.
As part of good corporate governance measures, Mr. XXXX Xxxx, Xx. XX Xxx, Xx. XXXX Xxxxxx, and Xx. XXXX Xxx, the executive Directors, and Xx. XX Xx, the non-executive Director have abstained from voting on the relevant Board resolutions, as they serve as senior management in CR Holdings and/or CR Healthcare.
CRC is the holding company of CR Holdings and is a conglomerate which operates a variety of businesses in the PRC including but not limited to consumer products, integrated energy, urban construction and operation, healthcare, industrial finance, technology and emerging sectors.
As at the date of this announcement, CR Holdings, being a controlling shareholder of the Company indirectly holding 53.05% interest in the Company, indirectly holds 62.94% interest in CR Power as at the date of this announcement.
All advances to any member of the China Resources Group will be guaranteed by (i) CRI; (ii) CR Holdings; or (iii) a China Resources Group listed company, depending on the identity of the borrower pursuant to the terms of the relevant Framework Loan Agreements 2023.
The Company is indirectly owned as to 53.05% by CR Holdings, which is ultimately beneficially owned by CRC.