1. CP Laos makes payment by cheque to the New Company for rental fee under the Lease Agreement; and
In summary, CP Laos will be able to use the Land for operating the business and also use the New Company to operate certain business reserved for Lao nationals, i.e. retail and wholesale. Moreover, in the future, the lJew Company can also buy additional plots of land if deemed appropriate by increasing its registered capital to match the land price.
In this regard, the issue regarding the interest of the Loan shall be taken into consideration on how to decide the rate of the interest as well as the grace period of the Loan in order to make this structure work appropriately.
We hope the above information is responsive to your queries. Please feel free to let us know if you need any clarification or further information.
Sincerely yours,
1. CP Laos makes payment by cheque to the New Company for rental fee under the Lease Agreement; and
In summary, CP Laos will be able to use the Land for operating the business and also use the New Company to operate certain business reserved for Lao nationals, i.e. retail and wholesale. Moreover, in the future, the lJew Company can also buy additional plots of land if deemed appropriate by increasing its registered capital to match the land price.
In this regard, the issue regarding the interest of the Loan shall be taken into consideration on how to decide the rate of the interest as well as the grace period of the Loan in order to make this structure work appropriately.
We hope the above information is responsive to your queries. Please feel free to let us know if you need any clarification or further information.
Sincerely yours,
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