Examples of Issuer Group in a sentence
The Board further wishes to announce that on 9 November 2020 (after trading hours), PT Investment, another wholly-owned subsidiary of the Company, entered into the Management Agreement with the Issuer, pursuant to which the Issuer agreed to appoint PT Investment on an exclusive basis to provide the Services to the Issuer Group.
As the Possible Transaction has not yet materialized, the Company wishes to formalize the management role of the Group in the Issuer Group by way of the Management Agreement, which allows the Company to enjoy potential upside in sharing profits of the PRC Group pending the outcome of the negotiation of the Possible Transaction.
Information of the Issuer Group The Issuer holds a 75% equity interest in the PRC Subsidiary.
The group structure of the Issuer Group as at the date of this announcement is as follows: the Guarantor PT OBOR 100% voting Ordinary Shares 100 non-voting redeemable preference shares the PRC Subsidiary 上海鑒宸實業發展有限公司 Shanghai Jianchen Industrial Development Co., Ltd.* the Issuer 75% 25% 100% 100% the Terminal 廣西北部灣廣明能源有限公司 欽州市欽州港廣明油品貿易有限公司 欽州市欽州港通明化工有限公司 (“Tongming Chemicals”) 100% The PRC Subsidiary was established in March 1995.