Examples of JV Company in a sentence
The JV Company is principally engaged in investment in hotel properties in Japan.
As announced in the Previous Announcements, Best Range Global and Long View Japan have agreed to provide funding to the JV Company up to the amount of JPY4,684 million (equivalent to approximately HK$243.57 million), 60% of which shall be contributed by CIL Group, amounting to JPY2,810.4 million (equivalent to approximately HK$154.57 million as at the date of the Supplemental Shareholders’ Agreement and approximately HK$146.14 million as at the date of this joint voluntary announcement).
Long View Japan is a company incorporated in BVI with limited liability principally engaging in investment holding in the JV Company.
Taking into account the amount of further capital commitment of Best Range Global pursuant to the Second Supplemental Shareholders’ Agreement, its maximum amount of capital commitment to the JV Company will be increased to JPY6,230.4 million (equivalent to approximately HK$323.98 million as at the date of this joint voluntary announcement).
The JV Company is owned as to 60% and 40% by Best Range Global and Long View Japan respectively.