Relevant Holding definition
Examples of Relevant Holding in a sentence
Pursuant to the Amended Restructuring, the original Relevant Holding Companies (being RIHK and 御泰投資管理( 南通)有限公司, as referred to in the Original Announcement) will continue to be wholly-owned by the Seller after Completion, and as a result such original Relevant Holding Companies will not form part of the Amended Disposal Group.
Each of Multi Glory and the New Relevant Holding Companies is not carrying out any material business activities other than as a holding company.
As disclosed in the Original Announcement, the business of the Disposal Group, being the business of design and provision of lottery systems and equipment for lottery in the PRC for traditional Welfare Computer Ticket Games operations, is carried out mainly by the Target Group (and not the Relevant Holding Companies).
Pursuant to the Amended Agreement, the original Relevant Holding Companies (being RIHK and 御泰投資管理( 南通)有限公司, as referred to in the Original Announcement) will be replaced with another chain of offshore companies, namely Global Union Group Limited, Konrad Development Limited, 港樂貿易(深圳)有限公司 and 深圳市鵬樂實業發展有限公司 (collectively the “New Relevant Holding Companies”).
Therefore, the replacement of the Relevant Holding Companies (as in the Disposal Group) with the New Relevant Holding Companies (as in the Amended Disposal Group) does not have any material impact on the proposed Disposal from a commercial perspective, save for any possible improvement in cost and administrative efficiency in respect of the Restructuring as discussed above.