Examples of SY Factoring in a sentence
In this regard, Xxxx Xxxxxx, the Company, the Purchaser Group, and the Vendor entered into the Cooperative Agreement, and SY Factoring, Xxxx Xxxxxx, the Vendor Group entered into the Guarantee Agreement.
LISTING RULES IMPLICATIONS The transactions contemplated under the Agreements do not constitute notifiable transactions under Chapter 14 of the Listing Rules; in particular, the Credit Enhancement Measures (which include the SY Factoring Counter Guarantee) constitute financial assistance provided by the Purchaser Group to the Vendor Group for the benefit of Wuxi Guojin to secure the Vendor Group Financing and the Vendor Group Guarantee.
Xxxxx Xxxx is an indirect non wholly-owned subsidiary of the Company as SY Factoring (an indirect wholly-owned subsidiary of the Company) owns 51% equity interest in Xxxxx Xxxx as at the date of this announcement.
Wuxi Guojin was established as a joint venture in the PRC on 12 June 2018 by the Vendor and Xxxxx Xxxx (a subsidiary of SY Factoring in which SY Factoring owned 51% equity interest) for the purpose of operating a supply chain financing business.
The principal terms of the Guarantee Agreement are set out as follows: Date: 4 January 2022 (after trading hours of the Stock Exchange) Parties: (i) SY Factoring; (ii) Xxxx Xxxxxx; and (iii) the Vendor Group.