First Vendor definition

First Vendor. Beijing Jingtai Commercial Management (Limited Partnership) ( 北 京 景 泰 商 業 管 理 中 心 ( 有 限 合 夥 )), a limited partnership established in the PRC and a wholly-owned subsidiary of the Company

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First Vendor. Grand Ming Holdings Limited, a company incorporated in Hong Kong with limited liability

First Vendor. Tech System Limited, a shareholder of 23.39% of the issued share capital of SpeedCast; Second Vendor : Yahoo!Inc., a shareholder of 1.26% of the issued share capital of SpeedCast; and Purchaser : AsiaSat, an indirectly wholly-owned subsidiary of the Company. SUBJECT MATTER Pursuant to the First Agreement and the Second Agreement, AsiaSat purchased from the First Vendor and Second Vendor their entire shareholdings of 23.39% and 1.26% respectively in SpeedCast. Upon completion of the Transaction, the shareholding of AsiaSat in SpeedCast increased from 47.36% to 72.01% and SpeedCast became a subsidiary of AsiaSat. CONSIDERATION The aggregate consideration of the First Agreement and Second Agreement was approximately US$2.96 million (HK$23.07 million) in cash which was funded by the internal resources of AsiaSat and paid upon completion of the Transaction. The completion of the Transaction took place on 31 August 2007. The consideration of the Transaction was negotiated on an arm's length basis having regard to the value of the revenue, assets, profits and the business prospects of SpeedCast. INFORMATION ON THE VENDORS The Company understood from the First Vendor that it is an investment holding company. The Company also understood from the Second Vendor that it is an internet business company. To the best of the knowledge, information and belief of the Directors, both the First Vendor, the Second Vendor and their ultimate beneficial owner(s) are third party independent of the Company and its connected persons as defined in the Listing Rules. INFORMATION ON SPEEDCAST Established in 2000, the principle business of SpeedCast is an investment holding company which directly owns the entire issued share capital of SpeedCast Limited, a company that provides two way backbone and broadband solutions to a diversified market portfolio in a number of countries. AsiaSat made its initial investment into SpeedCast in April 2000 and gradually increased its shareholding in SpeedCast to 47.36% up to April 2004. There was no change in the shareholding of AsiaSat in SpeedCast since then until the completion of the Transaction on 31 August 2007. -4- ------------------------------------------------------------------------------- LETTER FROM THE BOARD ------------------------------------------------------------------------------- The book value of the total assets and net assets in SpeedCast as at the date of the Transaction were approximately HK$44 million and HK$11 million respec...

Examples of First Vendor in a sentence

• The First Vendor and the Second Vendor (collectively Promoter No.1) are the absolute and lawful owners of the property shown in RED border on Plan – “A” annexed hereto and more fully described in Part I and Part II respectively of the FIRST SCHEDULE hereto (the “SAID LAND”) as per the devolution of title of the Said Land more fully described in the SECOND SCHEDULE hereto.

• Neither Vendor nor the Vendor Distributor shall charge Retailer for the first Vendor Humidor required for each display position at a Retail Location (each a "First Vendor Humidor" and collectively "First Vendor Humidors").

• The First Vendor is a company established in the PRC with limited liability.

• The holding company of the First Vendor is CRRC Corporation Limited（ 中國中車股份有限公司）, a company established in the PRC and its shares of which are listed on Shanghai Stock Exchange (stock code: 601766) and the Stock Exchange (stock code: 1766).

• For the purposes of tax saving and facilitation of arrangement based on the actual negotiation with the First Vendor, CNI Nanjing has taken up the capacity of the purchaser under the 15MW Equipment Purchase Agreement and 95MW Equipment Purchase Agreement.

More Definitions of First Vendor

First Vendor. Tech System Limited, a company incorporated under the laws of Hong Kong;

First Vendor. Grand Victory (Hong Kong) Limited（宏業（ 香港）有限公 司）, a company incorporated in Hong Kong with limited liability

First Vendor. Beijing Equity Interests Investment and Development Center II* (北京股權投資發展中心二期) “Fourth Vendor” Huajian International Industrial (Shenzhen) Co., Ltd.* (華建國際實 業（深圳）有限公司)

First Vendor. Dragon King Toys Limited, a company incorporated in Hong Kong with limited liability, and wholly-owned by the Vendor;

First Vendor. ▇▇▇▇▇ ▇▇▇▇▇ Holdings Limited, a company incorporated in the British Virgin Islands with limited liability “Gaojiu” 四川省宜賓高洲酒業責任有限公司 (Sichuan Yibing Gaozhou Jiuye Limited Company#), a company established in the PRC “GEM” the Growth Enterprise Market of the Stock Exchange “GEM Listing Rules” the Rules Governing the Listing of Securities on GEM “Group” the Company and its subsidiaries “HK$” Hong Kong dollar, the lawful currency of Hong Kong

First Vendor. ▇▇. ▇▇▇▇ ▇▇▇ ▇▇▇▇

First Vendor. Mega Universe Limited, a company incorporated in the British Virgin Islands with limited liability, an indirect wholly-owned subsidiary of the Company;