Examples of Relevant Businesses in a sentence
The CKA Directors considered that the CKA Agreement would allow the utilisation of the excess funds within a relatively short time-frame and could provide CKA Sub and the CKA Group with the immediate opportunity to earn a reasonable return based on the performance of the portfolio of infrastructure assets which comprise the Relevant Businesses owned by CKII (through the Intermediate Companies), and thereby generate stable investment income for CKA Sub and the CKA Group.
For PAH, as disclosed in the August 2018 Joint Announcement, the PAH Agreement offers stable cash return based on the performance of the Relevant Businesses which include a number of assets in which the PAH Group already has existing direct exposure.
As the Company is minded to capture more investments and acquisition opportunities, the proposed capital increase in the registered capital of Suzhou Chengyi is to ensure that Xxxxxx Xxxxxxx, as the only operating company under the Contractual Arrangements which is not subject to foreign ownership, has sufficient self-owned funds to carry out investments and acquisitions opportunities for the Relevant Businesses of the Group in China.
We conduct the Relevant Businesses in the PRC through Suzhou Chengyi and Beijing E-dragon by way of the Contractual Arrangements, and if the PRC government finds that these Contractual Arrangements do not comply with applicable PRC laws and regulations, or if these regulations or their interpretations change in the future, we could be subject to penalties or be forced to relinquish our interests in those operations.
Such Consolidated Affiliated Entity is expected to carry out the Relevant Businesses on its own after receiving the license.
The Relevant Businesses A summary of our Relevant Businesses is set out below: Categories Our business/operation Prohibited Business Transmission of audio-visual programs According to the Investment Restrictions and other applicable PRC Laws, foreign investors are prohibited from holding equity interest in an enterprise carrying out the business of transmission of audio-visual programs via information network.
The revenue contribution of the Non-restricted Businesses under the Contractual Arrangements to our Group amounted to less than 0.5% for each of the three years ended December 31, 2021, with the remaining revenue contribution under the Contractual Arrangements arising from the Relevant Businesses.
Save for the Relevant Businesses, there are certain Consolidated Affiliated Entities that carry out certain non-restricted businesses (i.e. businesses that are not relying on the licenses under prohibited/restricted categories and/or that are not subject to foreign ownership restrictions pursuant to the Investment Restrictions) (the “Non-restricted Businesses”), including Hangzhou Weifengtang, Weicha F&B (Beijing), Hangzhou Yimingju, Xxxxxxx Xxxxxx, Xxxxxxx Xxxxx, and Xxxxxxx Xxxxxxxxxx.