PRC WFOE definition

PRC WFOE means Couture Accessories Distribution (Shanghai) Limited (or such other name as may be agreed by the parties and approved by the relevant PRC government authority), a wholly foreign-owned enterprise to be established by the PRC Distribution JVC in Shanghai, the PRC pursuant to the PRC Distribution JV Agreement for the establishment, operation and management of a distribution network for the distribution of the Licensed Products in the PRC “Relevant Shareholders” collectively, Cordwalner Bonaventure Inc., A Plus Investment Ltd., Giant Victory Enterprise Co., Ltd., Blue Diamond Investment Corp., Best Trace Limited, Merci Capital Limited, Perfect Epoch Limited, Cassini Inc., Huygens Inc., Enceladus Investment Inc., Xanadu Plus Inc., Atelier One Inc., Atelier Two Inc. and Atelier Three Inc., particulars of each of which are set forth in the section headed “Information on the Relevant Shareholders” above “Shareholder(s)” shareholder(s) of the Company “Stella Fashion” Stella Fashion Group Limited, a company incorporated under the laws of the British Virgin Islands with limited liability and a wholly-owned subsidiary of the Company “Stella Loan Note” the loan note(s) to be issued by Ex-PRC JVC or PRC Distribution JVC to Stella Fashion in respect of the shareholder’s loan to be advanced by Xxxxxx Fashion under the Ex-PRC JV Agreement or, as the case may be, the PRC Distribution JV Agreement, brief particulars of which are set forth under the paragraph “The capital structure and funding of the JVC Group – (iii) Loan notes” in the section headed “Summary of the Joint Venture Agreements” above
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PRC WFOE means the wholly foreign-owned enterprise which is directly or indirectly owned by or to be established by the Purchaser.
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PRC WFOE means , a wholly foreign-owned enterprise organized as a limited liability company under the laws of the PRC;
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Examples of PRC WFOE in a sentence

  • In turn, each PRC WFOE holds a property located in PRC (the “PRC Property”).

  • The chairman of the board of directors of PRC WFOE and its branches or subsidiaries from time to time shall be nominated by Stella Fashion.

  • Each HK SPV holds a 100.0% interest in a People's Republic of China ("PRC" or "China") wholly foreign-owned enterprise ("PRC WFOE", and collectively the 11 wholly foreign-owned enterprises, the "PRC WFOEs").

  • The overall direction, supervision and management of Ex-PRC JVC, PRC Distribution JVC, PRC WFOE and other members of the JVC Group shall be managed by their respective board of directors.

  • The parties have agreed that subject to Completion and as soon as possible but in any event within three business days after the due issuance of the business licence of PRC WFOE or such other time limit to be agreed upon by the parties, Ex-PRC JVC, PRC Distribution JVC and PRC WFOE shall enter into the Master Purchase Agreement for the sale of the Licensed Products by Ex-PRC JVC to PRC WFOE in accordance with its terms and conditions.

  • In turn, each PRC WFOE holds a property located in the PRC (collectively, the “PRC Properties”);(ii) a conditional sale and purchase agreement (the “Malaysia Asset Purchase Agreement”) on 19 October 2020 by Semangkuk 2 Berhad, a bankruptcy-remote special purpose vehicle incorporated in Malaysia (the “Malaysia SPV”), to enable MLT to acquire the Malaysia Property2 (the “Malaysia Acquisition”) via an asset-backed securitisation structure (the “Malaysia ABS Structure”), with Trinity Bliss Sdn.

  • There are no other material temporary differences in the Company’s PRC WFOE and CJV.[f] OtherThe Company adopted U.S. dollars functional tax reporting for Canadian tax reporting purposes and elected to do so effective January 1, 2008.

  • The Target owns 100% equity interest in the HKCo, which in turn owns 100% equity interest in the PRC WFOE.

  • Under the PRC Distribution JV Agreement, the total investment for the PRC WFOE will be in the amount of US$8 million (equivalent to approximately HK$62.4 million) and the registered capital of PRC WFOE will be US$4 million (equivalent to approximately HK$31.2 million), which will be contributed by the PRC Distribution JVC.

  • The day to day running and management of the business of PRC Distribution JVC, PRC WFOE and their respective branches or subsidiaries from time to time shall be managed and administered by the general manager of PRC Distribution JVC, subject to the supervision of the board of directors of PRC Distribution JVC.


More Definitions of PRC WFOE

PRC WFOE means Newpalm (China) Information Technology Co., Ltd. [Chinese characters].
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PRC WFOE means a wholly foreign owned enterprise established under the laws of the People’s Republic of China.
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PRC WFOE means the wholly foreign-owned enterprise which is directly owned by the Company. (“TimeHeart (Beijing) Network Technology Limited” and Chinese name
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PRC WFOE shall have the meaning set forth in the Preamble.
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Related to PRC WFOE

  • WFOE has the meaning set forth in the Preamble.

  • HKMA means the Hong Kong Monetary Authority.

  • HKFE means the Hong Kong Futures Exchange Limited;

  • PRC means the People’s Republic of China, but solely for the purposes of this Agreement, excluding Hong Kong, the Macau Special Administrative Region and the islands of Taiwan.

  • HK$ Hong Kong dollars, the lawful currency of Hong Kong;

  • China means the People’s Republic of China, excluding, for purposes of this Agreement, Hong Kong, the Macau Special Administrative Region of the PRC and Taiwan.

  • RMB means the lawful currency of the PRC.

  • Mainland China means the People's Republic of China but excluding Hong Kong and Macau;

  • CJA means the Courts of Justice Act, RSO 1990, c C-43, as amended;

  • CJI means criminal justice information collected by criminal justice agencies needed for the performance of their authorized functions, including, without limitation, all information defined as criminal justice information by the U.S. Department of Justice, Federal Bureau of Investigation, Criminal Justice Information Services Security Policy, as amended and all Criminal Justice Records as defined under §24-72-302, C.R.S.

  • Renminbi or “RMB” means the lawful currency of the PRC.

  • NSC means the National Suppliers Council.

  • SONIAi-pLBD means, in respect of any London Banking Day falling in the relevant Observation Period, the SONIA reference rate for the London Banking Day falling "p" London Banking Days prior to the relevant London Banking Day "i".

  • HKEx means Hong Kong Exchanges and Clearing Limited;

  • BVI means the British Virgin Islands.

  • ICSDs means Clearstream, Luxembourg and Euroclear;

  • PRC GAAP means the generally accepted accounting principles in the PRC in effect from time to time.

  • EU means the European Union.

  • ROC means the Republic of China.

  • HKSCC means the Hong Kong Securities Clearing Company Limited or its successors.