Examples of UcarEase BVI in a sentence
The Company owns one hundred percent (100%) equity interest in UcarEase BVI (on a fully diluted basis), UcarEase BVI in turn owns one hundred percent (100%) equity interest in GloryFin HK (on a fully diluted basis) and GloryFin HK in turn owns hundred percent (100%) equity interest in Kaifeng Financing Lease and Boyu Financing Lease (on a fully diluted basis), in each case free and clear of any Encumbrance.
The Company owns one hundred percent (100%) equity interest in UcarEase BVI (on a fully diluted basis), UcarEase BVI in turn owns one hundred percent (100%) equity interest in GloryFin HK (on a fully diluted basis) and GloryFin HK in turn owns hundred percent (100%) equity interest in Kaifeng Financing Lease (on a fully diluted basis), in each case free and clear of any Encumbrance.
Unless otherwise approved by the Investors, the business of the Company shall be restricted to the holding, management and disposition of an equity interest in the HK Company, UcarEase BVI, Perfect Harmony and Uxin Used Car Cayman.
Unless otherwise approved by the Investors, the business of UcarEase BVI shall be restricted to the holding, management and disposition of the equity interest in GloryFin HK.
The Company was formed solely to acquire and hold an equity interest in the HK Company, UcarEase BVI, Uxin Used Car Cayman and Perfect Harmony.
Immediately prior to the Closing, the authorized share capital of GloryFin is HK$10,000, consisting of 10,000 ordinary shares, par value HK$1.00, of which 10,000 is issued and outstanding and UcarEase BVI owns one hundred percent (100%) of the issued and outstanding share capital of the GloryFin HK (on a fully diluted basis) which is free and clear of any Encumbrance.
Since its formation, UcarEase BVI has not engaged in any other business and, subject to Section 6 of Part I of EXHIBIT E, has not incurred any liability.
UcarEase BVI was formed solely to acquire and hold an equity interest in GloryFin HK.