PRC regulations involve complicated procedures for acquisitions carried out by international investors that could make our restructuring or an providing topic to authorities approval. The PRC authorities may at its discretion restrict access in the future to foreign currencies for current account transaction Notwithstanding those provisions, we are advised by our PRC counsel, Shaanxi Yan Tan Law Firm, MOFCOM and CSRC approvals aren’t required in the context of our previous restructuring, because our earlier restructuring does not constitute a cross-border share swap contemplated by the M&A Rule. October 2012: Chinese Protesters Clash With Police Over Power PlantOctober 2012: Chinese Protesters Clash With Police Over Energy Plantoctober 2012: chinese language protesters clash with police over power plantlaw firm QitaiheLaw Firm Qitaihe
As of the date hereof, we have not obtained any notice from such authorities figuring out us as a important info infrastructure operator or requiring us to going by way of cybersecurity evaluation by the CAC.
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On April 14, 2009, the Company shaped Erdos TCH as a three way partnership (the “JV” or “Erdos TCH”) with Erdos Metallurgy Co., Ltd. The JV has a term of 20 years, with an preliminary investment of $17.fifty five million , and the total funding for the project estimated at $79 million . The ownership of two 12 MW BMPG systems will transfer to Pucheng at no further charge when the Pucheng Lease expires. Xi’an TCH and Erdos will then receive 60% and 40%, respectively, of the revenue from the J (“Erdos”) to recycle waste heat from Erdos’ metal refining vegetation to generate power and steam to be offered back to Erdos. According to Xi’an TCH and Erdos’ agreement on revenue distribution, Xi’an TCH and Erdos will receive 80% and 20%, respectively, of the revenue from the JV until Xi’an TCH receives the complete return of its investment. Erdos contributed 7% of the entire funding for the project, and Xi’an TCH contributed 93%.
On January 10, 2020, Zhonghong, Tianyu and Huaxin signed a transfer turkey immigration lawyer agreement to switch all assets underneath development and associated rights and pursuits of Xuzhou Tian’an Project to Tianyu for RMB 170 million including $0.6 million VAT (total of $24.37 million) in three installment payments. The 2nd installment payment of RMB 50 million ($7.17 million) was to be paid within 20 working days after completion of the project building however no later than July 31, 202 Each Purchaser is both an “accredited investor” as outlined in Rule 501, , , or under the Securities Act or a “qualified institutional buyer” as defined in Rule 144A underneath the Securities Act. Each Purchaser was either an “accredited investor” as defined in Rule 501, , , or beneath the Securities Act or a “qualified institutional buyer” as outlined in Rule 144A beneath the Securities Act. China Life: Volunteer’s HandChina Life: Volunteer’s Handchina life: volunteer’s handlaw firm QitaiheLaw Firm Qitaihe
On July 16, 2021, the Company issued 31,250 shares of the Company’s common stock to the Company’s investor relationship administration agency as compensation for the advisory service the firm offered to the company. The 1st installment cost of RMB 50 million ($7.17 million) was to be paid within 20 working days after the contract was signed.
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