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