Huadian Finance definition

Huadian Finance. China Huadian Finance Corporation Limited ( 中國華電集 團財務有限公司), a limited company incorporated in the PRC, which is directly owned as to approximately 36.15% by Huadian “Huadian Group” Huadian and its subsidiaries

Huadian Finance means中 國 華 電 集 團 財 務 有 限 公 司 (China Huadian Corporation

Huadian Finance means 中 國 華 電 集 團 財 務 有 限 公 司 China Huadian Corporation FinanceCompany Limited*, a limited liability company established in the PRC;

Examples of Huadian Finance in a sentence

• Huadian Finance only provides financial services to China Huadian and its member companies in the PRC.

• Therefore, Huadian Finance is a connected person of the Company under the Hong Kong Listing Rules.

• Huadian Finance is a non-banking financial institution approved and regulated by the PBOC and the CBRC.

• Although the deposits placed by the Company with other commercial banks in the PRC are less than those placed with Huadian Finance, for the purpose of lowering the risks of placing all cash with the same financial institution, the Company has placed and will continue to place cash from time to time with other commercial banks in the PRC, such as the Bank of China, CCB, the Agricultural Bank of China and ICBC.

• Huadian Finance was established on 12 February 2004 as a limited liability company in Beijing, the PRC.

• In the event that the Group suffers financial loss by reason of the default of Huadian Finance, Huadian Finance shall compensate the Group for the full amount of the loss suffered by the Group and the Group is entitled to terminate the Proposed Financial Services Agreement.

• Therefore, Huadian Finance is an associate of China Huadian and a connected person of the Company under the Hong Kong Listing Rules.

• Huadian Finance was established pursuant to the relevant PRC laws and regulations relating to the establishment of “group finance company” to enhance the centralized management of funds among, and to improve the efficiency of fund utilization of the individual member companies of, China Huadian, including the Group.

• Information relating to Huadian Finance Huadian Finance was established on 12 February 2004 as a limited liability company in Beijing, the PRC.

• If the deposits placed by each of the subsidiaries of the Group with Huadian Finance are no more than RMB500,000, the prevailing actual interest rate of the historical interest income of Huadian Finance is 0.35%, which is in line with the benchmark interest rate set by PBOC; the prevailing actual interest rate for the portion exceeding RMB500,000 is 1.15%, being the agreed deposit rate, which is not lower than the interest rates for the same type of deposits by major commercial banks.

More Definitions of Huadian Finance

Huadian Finance means中 國 華 電 集 團 財 務 有 限 公 司 (China Huadian

Huadian Finance. China Huadian Finance Corporation Limited ( 中國華 電集團財務有限公司) “Huadian Group” Huadian and its subsidiaries (excluding the Company and its subsidiaries) “Independent Financial Adviser” or “Gram Capital” Gram Capital Limited, a licensed corporation to carry out Type 6 (advising on corporate finance) regulated activity under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), will be appointed as the independent financial adviser to advise the independent board committee and the Independent Shareholders in respect of the terms of the deposit services under the Financial Services Framework Agreement and the annual caps thereunder “Independent Shareholders” has the meaning ascribed to it under the Listing Rules “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange

Huadian Finance means China Huadian Corporation Finance Company Limited* ( 中 國

Huadian Finance means China Huadian Corporation Finance Company Limited* (中國華電集團財務有限公司), a limited liability company established in the PRC; “Independent Board Committee” means the independent committee of the Board appointed to advise the Independent Shareholders on the Proposed Fuel, Equipments and Services Purchase (Supply) Framework Agreement, the Proposed Financial Services Agreement and related matters pursuant to the requirements of the Hong Kong Listing Rules; ‘‘Independent Financial Adviser’’ or ‘‘Gram Capital’’ Gram Capital limited, a licensed corporation to carry out Type 6 (advising on corporate finance) regulated activity under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), and will be appointed as the independent financial adviser to the Independent Board Committee and the Independent Shareholders in relation to the transactions contemplated under the Proposed Fuel, Equipments and Services Purchase (Supply) Framework Agreement and the deposit services under the Proposed Financial Services Agreement

Huadian Finance means China Huadian Corporation Finance Company Limited* (中國華電集團財務有限公司), a limited liability company established in the PRC;