Examples of PRC WFOEs in a sentence
In addition, as a registered company in the PRC, WFOEs are also required to annual submit filings to the State Administration for Industry and Commerce (“SAIC”; 國家工商行政管理總).
The PRC WFOEs holding the Relevant Assets are in the process of applying for the property title certificates in respect of these Relevant Assets.
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").
Elections for directors need not be by ballot except upon demand made by a shareholder at the election and before the voting begins.
Based upon and subject to the foregoing and subject to the qualifications set out below, we are of the opinion that:(1) Incorporation and Existence of PRC Group Companies.The PRC WFOEs have been duly incorporated and are validly existing as wholly foreign-owned enterprises with legal person status and limited liability under the PRC Laws and their business licenses and articles of association are in full force and effect under, and in compliance with, the PRC Laws.
The current holding structure of the Property is similar to the one that was in place at the time of establishment of the Project Company and was adopted in 2007 when the PRC WFOEs acquired a 99% interest in the Project Company from its founding shareholders (other than the Project Company Minority Shareholder) pursuant to an internal restructuring of Yuexiu Group.
This opportunity gives the customer flexibility, and since maintenance and insurance costs are usually included in the subscription contract, the customer has peace of mind (Moran, 2020).
The total registered capital of each of the PRC WFOEs shall be paid in accordance with contribution schedule under the relevant PRC Laws.
Trash will be picked up from a central trashcan outside of Premises, but inside the building where Premises is located.
Your disclosure states that none of your PRC WFOEs and other subsidiaries have made any dividends or other distributions to you, however, the comment is intended to address whether any transfers, dividends, or distributions have been made to date between the holding company, its subsidiaries, and consolidated VIEs, or to investors.