Examples of Joint Venture Parties in a sentence
According to the Acquisition Agreement, it was agreed among the Joint Venture Parties that the Joint Venture shall acquire an approximately 69.6% equity interest in Changzhou Techpool from Guangzhou Bopu at a consideration of RMB71 million (equivalent to approximately HK$68.27 million).
The Joint Venture Parties consider that by setting up the Joint Venture to carry out the business of bio-chemical pharmaceuticals, they will be able to combine and leverage on their respective resources and expertise for such business.
The consideration for the Acquisition was determined after arm’s length negotiations among the Joint Venture Parties and represents a premium of approximately 48.2% over the corresponding portion of the audited net asset value of Changzhou Techpool as at 31st December 2004 in the amount of RMB68,847,853 (equivalent to approximately HK$66,199,859).
Upon establishment and contribution of capital by the Joint Venture Parties, the Joint Venture shall be owned by Shanghai United as to approximately 58.1%, by Guangdong Techpool as to approximately 4.76%, by Guangzhou Bopu as to approximately 27.62% and by Guangzhou Technology as to approximately 9.52%.