Examples of Subsidiary B in a sentence
In respect of the site selection service to be provided by the Supplier under the Cooperation Framework Agreements for each base station selected, with the assistance of the Supplier, Subsidiary A or Subsidiary B (as the case may be) (as lessee) would each enter into the Lease Agreement(s) with the respective Lessor(s).
The Disposal Group comprises the HK PropCo, Subsidiary A and Subsidiary B.
Subsidiary B is incorporated in Hong Kong with limited liability, the sole business of which is the holding of the HK Property for investment purpose.
The Group contracted to acquire the entire issued share capital and shareholder’s loan of Subsidiary A, the sole investment of which is Subsidiary B which in turn holds the HK Property, in July 2021 and completed such acquisition in January 2022 with the view to investing in the luxury property market in Hong Kong.
The HK PropCo became part of the Group on 11 June 2021, whilst Subsidiary A and Subsidiary B only became part of the Group on 27 January 2022.
As at the date of this announcement, both Subsidiary A and Subsidiary B are indirectly owned as to 51% by the Company.
Each of Subsidiary A and Subsidiary B will from time to time, and as required, enter into the Individual Agreements with the Supplier setting out the terms and conditions for the transactions to be conducted between each of Subsidiary A and Subsidiary B and the Supplier pursuant to the Cooperation Framework Agreements.
The sole business of Subsidiary A is the holding of the entire issued share capital of Subsidiary B.
Subsidiary A or Subsidiary B (as the case may be) would enter into an operating lease agreement with a third party telecommunications operator from time to time in relation to the lease of base station equipment for each base station.
Subsidiary A and Subsidiary B Each of Subsidiary A and Subsidiary B is a company established in the PRC with limited liability and principally engaged in leasing of communication equipment.