Examples of Rosy Commerce in a sentence
Pursuant to the Agreements, Cinda agrees to invest, by way of share subscription and/or share sale, in two wholly-owned subsidiaries of Rosy Commerce, namely Harmonic Run Limited (“HRL”) and Glorious Stand Limited (“GSL”) at a total consideration (the “Consideration”) of approximately US$35,752,000 (the “Transaction”).
On the Completion Date, Rosy Commerce and Cinda further entered into two shareholders’ agreements, pursuant to the buy-back clause contained therein, upon the occurrence of certain triggering events during the six-year investment period, Rosy Commerce has a contractual obligation to buy-back the 30% equity interests in each of HRL and GSL from Cinda at an aggregate amount equals to the Consideration.
Rosy Commerce is an investment holding company incorporated in the British Virgin Islands with limited liability and is directly owned by LFHQ (an indirect wholly-owned subsidiary of the Company) and BHL (an indirect wholly-owned subsidiary of LSD) as to 80% and 20%, respectively.
The Transaction was completed on 25 January 2019 and constituted a deemed disposal of 30% equity interests in HRL and GSL to Cinda by Rosy Commerce.
The payment would be on the basis of the actual bill of material supplied, duly ciefiretd by our authorized representative a-Dt CAC, Noida.
Rosy Commerce holds 70% equity interest in each of Novotown Creative Culture and Novotown Entertainment.
Therefore, each of Novotown Creative Culture and Novotown Entertainment is a connected subsidiary of the Company pursuant to Rule 14A.16(2) of the Listing Rules by virtue of being an indirect subsidiary of Rosy Commerce, which is in turn a connected subsidiary of the Company controlled as to 20% by LSD indirectly.
Failure to initiate arbitration within such one (1) year period, or such extended period as may be mutually agreed upon in writing, shall constitute a waiver of any and all claims which shall be forever barred.
Rosy Commerce is principally engaged in (a) Project Development through Laisun Creative Culture, an indirect non wholly-owned subsidiary of Rosy Commerce; (b) the NGUX Business through Novotown Creative Culture; and (c) the LEW Business through Novotown Entertainment.
On 31 December 2018, Rosy Commerce Holdings Limited (“Rosy Commerce”, a company indirectly owned by Lai Fung and eSun as to 80% and 20%, respectively) and China Cinda (HK) Asset Management Co., Limited (“Cinda”), an independent third party, entered into two investment agreements (the “Agreements”).