Examples of VIE Structure in a sentence
The Company adopted the VIE Structure in order to indirectly participate in the Restricted Business in the PRC and will unwind the VIE Structure as soon as the law allows such business to be operated by foreign investors in the PRC without the VIE Structure.
In addition, the New Registered Shareholders confirmed that, subject to requirement by Cash River, they will unwind the New VIE Structure and transfer all of the shares of Huadong Feitian held by them to Cash River or its designee as soon as the applicable laws of the PRC allows Cash River to operate the business operated by Huadong Feitian without the New VIE Structure.
Manager relationshipsThe Trustees will only appoint investment managers who offer full cost transparency via the CTI templates to manage assets of the Scheme.
Therefore, the Directors considered that there is no material restriction related to the termination of the VIE Structure, if the PRC laws allows the Restricted Business to be operated by foreign investors in the PRC.
However, the VIE Structure may not be as effective in providing the Group with control over Culture Development as direct ownership.