Examples of Joint Venture Company in a sentence
Upon the establishment of the Joint Venture Company, the Company and CNNC Hainan Nuclear Power will hold 51% and 49% equity interests in the Joint Venture Company, respectively, and the Joint Venture Company will become a subsidiary of the Company.
Pursuant to the Investment and Cooperation Agreement, the registered capital of the Joint Venture Company is RMB50 million, of which, RMB25.5 million will be contributed by the Company with monetary funds, and RMB24.5 million will be paid by CNNC Hainan Nuclear Power with monetary funds.
The establishment of the Joint Venture Company can fill the gap in the irradiation processing business in Yulin and its surrounding areas.
On 3 April 2024, the Company has entered into the Investment and Cooperation Agreement with CNNC Hainan Nuclear Power in respect of the establishment of the Joint Venture Company.
It is necessary for CNNC to establish the Joint Venture Company to realize its planning of irradiation application industry development.