Examples of TCL Holdings in a sentence
Pursuant to the Agreement, any TCL Electronics Qualified Members may from time to time in its absolute discretion request Financing Services from TCL Holdings Financial Services Associates.
TCL Holdings is an investment holding company with a diverse investment portfolio.
As such, TCL Holdings is a substantial shareholder of the Company and a connected person of the Company under Chapter 14A of the Listing Rules.
Further, on 31 October 2019, the Company entered into (i) the Master Financial Services (2019 Renewal) Agreement with TCL Holdings and Finance Company (HK); (ii) the Master Sale and Purchase (2019 Renewal) Agreement with TCL Holdings; and (iii) the Master Rental (2019 Renewal) Agreement with TCL Holdings, and the transactions contemplated thereunder constitute continuing connected transactions.
Other terms and conditions of the Other Financial Services offered by TCL Financial Services Associates within the PRC shall not be less favorable than those offered by PBOC, major commercial banks of the PRC and by TCL Financial Services Associates to any other members of the TCL Holdings Group (including the Group) and/or Independent Third Parties with the same credit rating for the relevant services and shall be on normal commercial terms.
As the Company wishes to continue the continuing connected transactions contemplated thereunder, the Company entered into the Master Rental (2019 Renewal) Agreement, the terms of which are substantially the same as the Master Rental (2019) Agreement, save and except that the Company entered into the Master Rental (2019 Renewal) Agreement with TCL Holdings (for itself and on behalf of its associates) instead of TCL Industries (for itself and on behalf of its associates).
Payment terms: The Master Sale and Purchase (2019 Renewal) Agreement does not contain specific payment terms for the sale and purchase which shall be governed by individual sale and purchase agreements to be entered into between the relevant member of the Group and the relevant member of the TCL Holdings Group.
Other terms and conditions of the Other Financial Services offered by TCL Financial Services Associates outside the PRC shall not be less favorable than those offered by the major commercial banks located in the place where the relevant Tonly Qualified Member is located and by TCL Financial Services Associates to any other members of the TCL Holdings Group (including the Group) and/or Independent Third Parties with the same credit rating for the relevant services and shall be on normal commercial terms.
Finance Company (HK) is principally engaged in obtaining and utilising funds required for operation of TCL Holdings Group (including the Group), the main functions of which include but not limited to financing of funds inside TCL Holdings Group (including the Group), the management cash pool and liquidity of funds, pay vendor or supplier, assistance of TCL Holdings Group (including the Group) to procure funds, and risk management.
TCL Holdings is principally engaged in equity investment, real estate leasing, conference services, software development, developing, manufacturing and distributing communication devices, audio/video products, electronic products and home appliances, market development, goods and technology import and export, computer information technology services, business management consultation and business information consultation.