Examples of HK Companies in a sentence
None of the Company, Mrfresh Cayman, the HK Companies has engaged in any other business and has not incurred any Liability since its formation.
The Group Companies and the Founder Parties shall use their commercially reasonable efforts to procure that substantially all of purchase price paid by the Investors shall be remitted back to the PRC as the contribution of the registered capital of the WFOEs or any other wholly foreign owned enterprise or joint venture established or to be established by the HK Companies, including but not limited to Tianjin Fuxin (collectively the “Foreign Invested Entities”) in accordance with applicable laws.
The Warrantors shall ensure that, each entity described above and its respective shareholders are in compliance with such requirements in all material respects and that there is no barrier to repatriation of profits, dividends and other distributions from the WFOEs (or any successor entity) to the HK Companies respectively.
If, for any reason, the acquisition by Trade Worlder of the shareholding in any Target HK Company fails, Trade Worlder shall be under no obligation to acquire the shareholdings in other Target HK Companies.
The HK Companies were formed solely to acquire and hold the equity interests in the applicable WFOEs and Tianjin Fuxin Financial Leasing Co., Ltd.
The WFOEs are free and clear of all Liens, claims, charges and encumbrances, and no Person or entity other than the Company, the BVI Company and the HK Companies have any right to participate in, or receive any payment based on any amount relating to, the revenue, income, value or net worth of the WFOEs or any component or portion thereof, or any increase or decrease on any of the foregoing.
Each of the Company, the BVI Company and the HK Companies is qualified to do business and is in good standing in each jurisdiction where failure to be so qualified would have a material adverse effect on its financial condition, business, prospects or operations.
The Company has further been selected as a constituent stock of the following index series by the Hang Seng Indexes Company Limited, with effect on 5 March 2018: Hang Seng Stock Connect Hong Kong Index; Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index; Hang Seng Stock Connect Hong Kong SmallCap Index; Hang Seng SCHK HK Companies Index; and Hang Seng SCHK ex-AH Companies Index.
Notwithstanding the foregoing, no later than one (1) month after the Closing Date, the relevant Group Companies shall, and the Warrantors shall procure such Group Companies to, duly establish Additional WFOEs pursuant to the Laws of PRC in accordance with the Reorganization Plan, and relevant Additional HK Companies shall have acquired and held all the equity interests in the respective Additional WFOEs in accordance with the Reorganization Plan.
Where certain facts were not independently established and verified by us, we have relied upon certificates or statements issued or made by, among others, appropriate representatives of the Company or the HK Companies.