Major Asset definition
Examples of Major Asset in a sentence
Upon application by the company, the company’s stock resumed trading on February 8, 2018, and was transferred to the major asset restructuring since the opening on February 14, 2018.On June 25, 2018, the company held the third interim meeting of the ninth board of directors which reviewed and approved the Proposal on Terminating the Planning for Major Asset Restructuring.
In accordance with Article 45 of the Administrative Measures for the Major Asset Restructuring of Listed Companies, the price of a listed company’s share issue shall not be lower than 90% of the market reference price.
The cost, less residual value, of the tangible capital assets, excluding land and landfill sites, is amortized on a straight line basis over their estimated useful lives as follows: Major Asset Classification Component Breakdown Landfill sites are amortized using the units of production method based upon capacity used during the year.Assets under construction are not amortized until the asset is available for productive use.
Major Asset Classes include Equities, Fixed Income, Cash and Alternatives.
Upon examination, the Board of the Company is of the view that the Transaction is in compliance with the pertinent provisions of Articles 11 and 43 of the Administrative Measures for the Major Asset Restructuring of Listed Companies.