Management Shareholder definition
Examples of Management Shareholder in a sentence
Each of Kaixing Network, the Management Shareholder and the Investor has the right to nominate one director.
To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, as at the date of this announcement, each of Kaixing Network, the Management Shareholder and the Target Company and its ultimate beneficial owner(s) are third parties independent from the Company and its connected persons.
The Management Shareholder Hangzhou Jishang Innovative Enterprise Management Partnership (Limited Partnership)* (杭州極尚創新企業管理合夥企業(有限合夥)), is a limited partnership established under the laws of the PRC and is principally engaged in enterprise management and consulting services.
Upon Completion, the Target Company will be owned as to 43% by Kaixing Network, 25% by the Management Shareholder, 12% by the Investor and 20% by other shareholders, who are, to the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, as at the date of this announcement, third party independent from the Company and its connected persons.
As at the date of the Investment Agreement, the Target Company was owned as to 63.24% by Kaixing Network and 36.76% by the Management Shareholder.