Examples of PRC Shareholders in a sentence
Except for a duty of the PRC Shareholders of the Company to file with SAFE after the closing of the share exchange between the Company and Middle Kingdom, it is not necessary or advisable under the laws of the PRC for the execution, delivery, validity or the performance or the enforceability of the SEA to obtain any PRC Governmental Authorizations in connection with the execution, delivery or performance of the SEA.
The sole shareholders of the Borrower are the Lender and the PRC Shareholders.
This Agreement may not be amended or modified, nor more any provision thereof be waived, except by an instrument in writing signed by CEC and all of the PRC Shareholders.
Consequently, the ownership percentage of the five PRC Shareholders in the charts above reflects the aggregate beneficial interests of these Shareholders as held through CNC BVI.
The five PRC Shareholders, all of which are established in the PRC, are the Chinese Academy of Science, Information and Network Center of the State Administration of Radio, Film and Television, China Railways Telecommunications Center, Shanghai Alliance Investment Limited, and Shandong Provincial State-owned Assets Supervision and Administration Commission.
Acquirer will have received a certificate dated as of the Closing Date to such effect executed on behalf of the Company Entities by each of the PRC Shareholders and each respective Company Entities’ Chief Executive Officer.
The PRC Shareholders are filing with the local SAFE and making up the said registration.
Each of the PRC Shareholders has all the necessary power and authority to enter into this Agreement and the Management and Control Agreements.
The representations and warranties of the Company Entities and the PRC Shareholders set forth in this Agreement will be true and correct on the Agreement Date and on the Closing Date with the same force and effect as if they had been made on the Closing Date (except for representations and warranties which address matters only as to a specified date, which representations and warranties shall be true and correct with respect to such specified date).
All of the ordinary shares owned by the five PRC Shareholders are registered in the name of China Netcom Group Corporation (BVI) Limited, or CNC BVI, which holds such ordinary shares in trust for each of the five PRC Shareholders.