CR Sanjiu definition
Examples of CR Sanjiu in a sentence
The core business of CR Sanjiu encompasses research and development, manufacturing and sales of pharmaceutical products and other health-related services.
Our Group and Hong Kong CR Sanjiu shall be collectively responsible for marketing and promotion of the NC Products under the NC Products Distribution Agreements and shall proactively coordinate the promotion and marketing activities so as to promote the brand name of Nature’s Care and its publicity.
CR Sanjiu Chenzhou agrees to make monthly payments for the energy purchased under the Framework Agreement in advance based on the estimated amount of energy to be purchased for the next month, and settle the balance for the amount specified in the bill based on the records on the actual volume of energy purchased for such relevant month.
As at the date of this announcement, CR Sanjiu is a non-wholly-owned subsidiary of CRC which is the controlling shareholder of the Company with approximately 62.94% equity interests; in addition, New Energy (Liangshan) is held indirectly by New Energy Group (being a wholly-owned subsidiary of the Company) with 51% equity interests and by CR Sanjiu with 49% equity interests, respectively.
CR Gas Chenzhou will also be responsible for providing all necessary design and technical support for the permits and filings required to be made by CR Sanjiu Chenzhou in respect of the use of the Land.
CR Sanjiu Chenzhou will provide the Land and will be responsible for obtaining all necessary permits and making all relevant filings required for the use of the Land.
The Company believes that the strategic partnership between CR Sanjiu and Sanofi is in line with the Group’s development strategy and provides a valuable opportunity to leverage the respective strengths and resources of the Group and Sanofi.
The core business of CR Sanjiu encompasses research and development, manufacturing, sales and other healthcare-related services of pharmaceutical products.
Pursuant to the Framework Agreement, the parties agreed that separate agreement(s) will be entered into to enable CR Sanjiu (and/or its related parties) to distribute and promote certain specific products of Essentiale, one of Sanofi’s flagship OTC brands for liver health, in China on an exclusive basis for a period of 10 years.
In addition, subject to compliance with the applicable approval procedures, CR Sanjiu Chenzhou shall compensate CR Gas Chenzhou based on the expected amounts payable to CR Gas Chenzhou for the remainder of the term for the Energy Purchase Transactions as contemplated by the parties under the Framework Agreement.