Examples of Finance Company in a sentence
REASONS FOR AND BENEFITS OF THE FINANCIAL SERVICES AGREEMENT Through the provision of financial services by the Finance Company to the Magang Group and its subsidiaries, the operation scale of the Finance Company will be enhanced, which will subsequently increase the income from net interests and service charges.
In view of the fact that the provision of the deposit services i s exempted under Rule 14A.65(4) of the Listing Rules, the interests to be payable by the Finance Company for the provision of deposit services to Magang Group and its subsidiaries will also be exempted under Rule 14A.65(4) of the Listing Rules.
The deposit services provided by the Finance Company, which are continuous in nature, were entered on normal commercial terms.
The loan services provided by the Finance Company to Magang Group and its subsidiaries, which are continuous in nature, were entered on normal commercial terms.
As the deposit with the Finance Company is for the benefit of the Group where no security over the assets of the Group is granted, the Company is exempted from reporting, announcement and Independent Shareholders’ approval requirement under Rule 14A.65(4) of the Listing Rules.