Examples of CS Hong Kong in a sentence
CSCL intends to purchase, through its wholly-owned subsidiary, CSCL Hong Kong: (i) 100% equity interest in Dong Fang International, 100% equity interest in CS Nauticgreen and 100% equity interest in Helen Insurance from CS Hong Kong; (ii) 100% equity interest in Long Honour from COSCO Hong Kong; and (iii) 100% equity interest in Florens from COSCO Pacific.
The Issuer will procure that CS Hong Kong will, with effect from the first Business Day following the Exercise Date or the Expiry Date, as the case may be, remove from the Register the name of the person in respect of the Warrants which (i) are the subject of a valid exercise in accordance with these Product Conditions whether pursuant to an Exercise Notice or automatic exercise; or (ii) have expired worthless, and thereby cancel the relevant Warrants.
Such consideration was determined after arm’s length negotiations between CS Container, CS Hong Kong and COSCO Pacific with reference to (amongst others) the valuation of RMB7,632.4553 million at the Reference Date.
THE TRANSACTION CONSTITUTES A CONNECTED TRANSACTION CS Company, the counterparty of CSCL for the acquisition of assets, is the controlling shareholder of CSCL, while Guangzhou Maritime, Shanghai Shipping and CS Hong Kong CSCL are under the common control of CS Company.
The Issuer will procure that CS Hong Kong will, with effect from the first Business Day following the Exercise Date or the Expiry Date, as the case may be, removefrom the Register the name of the person in respect of the Warrants which (i) are the subject of a valid exercise in accordance with these Product Conditions whether pursuant to an Exercise Notice or automatic exercise; or (ii) have expired worthless, and thereby cancel the relevant Warrants.
On 11 December 2015, CS Hong Kong produced a resolution of its board of directors approving (i) the transfer of its 100% equity interest in Dong Fang International to CSCL Hong Kong; (ii) the transfer of its 100% equity interest in CS Nauticgreen to CSCL Hong Kong; and (iii) the transfer of its 100% equity interest in Helen Insurance to CSCL Hong Kong.
Principal Terms Date of Agreement: 11 December 2015 Parties: (1) CS Container (as the Vendor); (2) CS Hong Kong (as the Vendor), a wholly-owned subsidiary of the CS Company, the controlling shareholder of CS Container; and (3) COSCO Pacific (as the Purchaser).
CS Hong Kong and any Group Transferee of CS Hong Kong shall be entitled to nominate up to three Directors and to propose to remove any Director appointed by it at the general meeting.
CS Company, the counterparty of CSCL for the acquisition of assets, is the controlling shareholder of CSCL, while Guangzhou Maritime, Shanghai Shipping, CS Hong Kong and CSCL are under the common control of CS Company.
In June 2014, CS Hong Kong subscribed for further shares in CSPD for a total subscription price of HK$4,100,352,855 and CSCL subscribed for new shares in CSPD for the consideration of RMB3,423,060,400, as a result of which CSPD became held by CS Hong Kong and CSCL as to 51% and 49% respectively.