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.
As part of the reorganisation for the purpose of the sale and purchase of the LTH Sale Share, Shiny New shall procure Lofty Talent, its wholly-owned subsidiary, to acquire all the issued shares in LTH HK Companies from their existing shareholder, such that Lofty Talent shall hold 100% of the entire issued share capital in each of the LTH HK Companies prior to Completion.
Luen Thai Land Limited and Shan Ying have given certain representations and warranties to the other Parties in respect of the corporate affairs and other information of Shan Ying, Eminent Star, LTL HK Companies and LTL Project Companies.
In turn, Eminent Star will wholly own each of the LTL HK Companies.
Chang Jia will indirectly through Eminent Star and LTL HK Companies wholly own each of the LTL Project Companies.
Chang Jia will indirectly through Lofty Talent and LTH HK Companies wholly own each of the LTH Project Companies.
In turn, Lofty Talent will wholly own each of the LTH HK Companies.
As part of the reorganisation for the purpose of the sale and purchase of the LTL Sale Share, Shan Ying shall procure Eminent Star to acquire all the issued shares in LTL HK Companies from their existing shareholder, such that Eminent Star shall hold 100% of the entire issued share capital in each of the LTL HK Companies prior to Completion.
The Hong Kong Scheme is necessary because, amongst other things, the Company has liabilities which are governed by the laws of Hong Kong which, as a matter of Hong Kong law, may only be compromised through a scheme of arrangement if that scheme is sanctioned by the Hong Kong Court under the HK Companies Ordinance.
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.