Examples of NWDS Group in a sentence
The NWDS Group is principally engaged in the business of operating department stores in the PRC.
The NWDS Group and the CTFJ Group wish to continue the concessionaire arrangements or rental agreements and may from time to time enter into new concessionaire arrangements or rental agreements in relation to the Concessionaire Transactions.
All the then existing agreements between the relevant members of the NWDS Group and the CTFJ Group in respect of the Concessionaire Transactions (to the extent which covers the Concessionaire Transactions after the Concessionaire Renewal Date) will be treated as Definitive Concessionaire Agreements made pursuant to the Master Concessionaire Counter Agreement as from the Concessionaire Renewal Date.
The NWD Directors consider that the terms of the Master Sales Agreement have been negotiated on an arm’s length basis and on normal commercial terms and are fair and reasonable and in the interests of the NWD Group, the NWDS Group and the NWD Shareholders as a whole and that the NWD Sales Annual Caps are fair and reasonable and in the interests of the NWD Group, the NWDS Group and the NWD Shareholders as a whole.
General terms for the Concessionaire Transactions Members of the NWDS Group and the CTFJ Group may from time to time enter into Definitive Concessionaire Agreement(s) in relation to any Concessionaire Transactions upon, and subject to, the terms and conditions in compliance with the Master Concessionaire Counter Agreement as may be agreed between the relevant members of the NWDS Group and the CTFJ Group.
The NWD Directors consider that the terms of the Master Concessionaire Counter Agreement have been negotiated on an arm’s length basis and on normal commercial terms and are fair and reasonable and in the interests of the NWD Group, the NWDS Group and the NWD Shareholders as a whole and that the NWD Concessionaire Annual Caps are fair and reasonable and in the interests of the NWD Group, the NWDS Group and the NWD Shareholders as a whole.
Members of the NWDS Group had in the past entered into, and are expected from time to time to enter into, concessionaire arrangements or rental agreements with members of the CTFJ Group in relation to retailing counters for the sale of jewellery products and watches by the CTFJ Group at properties in the PRC owned by, or leased to, the NWDS Group or at which the NWDS Group operates its business under the Master Concessionaire Counter Agreement.
However, it was stated in the prospectus of NWDS dated 28 June 2007 that three of the directors of NWDS, Xx. Xxxxx Xxx-xxxx, Xxxxx, Xx. Xxxxx Xxx-xxxx, Xxxxxx and Xx. Xxxx Man-xxxx, Xxxxx (who are also the executive directors of NWCL) will abstain from voting in the resolution(s) relating to transactions(s) between the NWDS Group and NWCL Group.
With an enlarged floor area, the NWDS Group can provide full range of department store services to its customers in Shenyang.
The New Annual Caps have been determined based on the terms of the existing concessionaire counter agreements, the historical transaction amounts under the Master Concessionaire Counter Agreement, the expected increase of sales of each of the concessionaire counters of the CTFJ Group along with the additional floor space and the number of new concessionaire counters which members of the CTFJ Group might require from members of the NWDS Group.