Examples of MLCC in a sentence
REASONS FOR AND BENEFITS OF THE ENTERING INTO OF THE DISPOSAL AGREEMENT, THE NEW LEASING AGREEMENTS AND THE PURCHASE AGREEMENT The Disposal As at the date of this announcement, the Group is principally engaged in the manufacture and sale of the MLCC and mobile phones.
On the other hand, despite the worsening financial and economic environment in 2008, the Group’s another business, namely, MLCC business, achieved an increase in sales by approximately 5% and the relevant segment results were approximately RMB37.7 million in 2008.
Though, during the same period, the MLCC business of the Group still recorded growth in the revenue to approximately RMB130.9 million, whereas the relevant segment results were RMB22.0 million as compared with RMB24.8 million in the corresponding period in 2008, the Group’s overall revenue and net profits for the six months ended 30 June 2009 decreased to approximately RMB310.2 million and RMB5.2 million respectively, principally as a result of the declining performance of the mobile phone business.
As such, it is also proposed that (a) Eycom and Eycom Dongguan Branch, as lessees, and Eyang Shenzhen and Eyang Dongguan, as lessors, terminate the Existing Leasing Agreements and enter into the New Leasing Agreements in relation to the Property; and (b) Eycom and Eyang Shenzhen enter into the Purchase Agreement in relation to the purchase of MLCC.
The New Leasing Agreements and the Purchase Agreement Given that Eycom and Eycom Dongguan Branch have leased the Property from the Group since 2008 and Eycom has purchased MLCC products from the Group since 2005 respectively, the New Leasing Agreements and the Purchase Agreement can ensure the smooth continuance in operation of Eycom upon Completion.