Examples of HK Subsidiary in a sentence
The HK Subsidiary was formed solely to acquire and hold Equity Securities in the WFOE and since its formation has not engaged in any other business and has not incurred any liability in the course of its business of acquiring and holding its Equity Securities in the WFOE.
Except as otherwise approved by the Board in accordance with the Restated Articles, the business of the Company shall be restricted to the direct or indirect holding, management and disposition of Equity Securities in other Group Companies and other companies or entities, and the business of the HK Subsidiary shall be restricted to the holding, management and disposition of Equity Securities in the WFOE, HK Co and other companies or entities.
The Company was formed solely to acquire and hold, directly or indirectly, the Equity Securities of other Group Companies and since its formation has not engaged in any other business and has not incurred any liability in the course of its business of acquiring and holding, directly or in its Equity Securities in the HK Subsidiary.
The business of the Company and the HK Subsidiary shall be restricted to the holding, management and disposition of equity interest in the WFOE.
Each Person who beneficially owns any Equity Securities of the Company and HK Subsidiary and is required to comply with the SAFE Rules and Regulations has registered with SAFE with respect to their direct or indirect holdings of Equity Securities in the Company and HK Subsidiary in accordance with the SAFE Rules and Regulations.