Examples of Yongsheng Dyeing in a sentence
Yongsheng Dyeing is a company established in the PRC with limited liability on 8 August 2003 and is an indirect wholly-owned subsidiary of the Company.
Hangzhou Huvis Yongsheng Dyeing and Finishing Company Limited obtained the certificate of qualifying as “advanced technology company” in 2012 and is subject to 15% corporate income tax rate for three years from 2012 to 2014 and is subject to renewal by end of 2015.17.
Reference is made to the First Asset Management Agreement entered into between Yongsheng Dyeing (an indirectly wholly-owned subsidiary of the Company) (as asset entrustor), LJZ Wealth Management (as asset manager) and China Merchant Bank Shanghai Branch (as asset custodian) on 11 July 2016.
Immediately prior to Completion, Nantong Yongsheng was owned as to 97% by Yongsheng Dyeing and 3% by Nantong Minority Shareholders.FORMATION OF JOINT VENTURE Upon Completion, Nantong Yongsheng continued to be a subsidiary of the Company and it became a joint venture formed between Yongsheng Dyeing, HUVIS and the Nantong Minority Shareholders.
Pursuant to the relevant laws and regulations in the PRC and with approval from the tax authorities in charge: • Hangzhou Huvis Yongsheng Dyeing and Finishing Company Limited and Nantong Yongsheng Fiber Advanced Materials Company Limited, qualified as High and New Technology Enterprises (“HNTE”), are entitled to the preferential enterprise income tax rate of 15% for three years from 2015 to 2018.
Reference is made to the announcement of the Company dated 16 August 2016 regarding the First Asset Management Agreement and the Second Asset Management Agreement entered into among Yongsheng Dyeing (an indirectly wholly-owned subsidiary of the Company) (as asset entrustor), LJZ Wealth Management (as asset manager) and China Merchant Bank Shanghai Branch (as asset custodian).
The consideration was arrived at after arm’s length negotiations between Yongsheng Dyeing and Yongsheng Group with reference to a premium to the audited net assets of Hangzhou Yongsheng Trading as at 31 December 2014.
On 1 March 2014, Yongsheng Dyeing acquired a 2% equity interests in Nantong Yongsheng, a subsidiary, from the non- controlling shareholder at cash consideration of RMB600,000.
This is the reason why catastrophic fragment distribution is commonly observed at high strain rate.
The Board is pleased to announce that on 27 August 2018 (after trading hours), Yongsheng Dyeing, an indirect wholly-owned subsidiary of the Company, entered into the SPA with HUVIS, pursuant to which Yongsheng Dyeing agreed to sell and HUVIS agreed to purchase the Transferred Interest, being 30% of the equity interest in Nantong Yongsheng held by Yongsheng Dyeing, at the consideration of RMB17,660,140 in cash.