Yang which involved a security of loan (the “Loan”) in an aggregate principal amount of RMB32,500,000. * For identification purpose only – 1 – As advised by the PRC legal advisers of the Changzhou Subsidiary, on 17 June 2014, Jiangsu Province Wuxi Intermediate People’s Court# ( ) handed down the civil judgment (the “Civil Judgment”) ( $#”ik:il) of the Huaxia Case, whereby it was held, among others, that (a) Jiangsu Zhunti shall within 10 days from the effective date of the Civil Judgment repay the principal amount of the Loan, the interests accrued thereon and legal fees (the “Legal Fees”) of approximately RMB342,000 incurred by the Huaxia Bank in relation to the Huaxia Case to Huaxia Bank; (b) the Changzhou Subsidiary and Mr. Yeung, as guarantor of part of the Loan, shall be jointly liable to repay the principal amount of the Loan of up to RMB17,000,000, the interests accrued thereon and part of the Legal Fees of approximately RMB179,000 (the “Guaranteed Obligation”); (c) Huaxia Bank shall be entitled to acquire the Land, or to exercise a power of sale or auction of the Land, the proceeds of which will be used to satisfy the Guaranteed Obligation; (d) Mr. Yeung and his spouse, as guarantor of part of the Loan, shall be jointly liable to repay the principal amount of the Loan of up to RMB15,500,000, the interests accrued thereon and part of the Legal Fees of approximately RMB163,000; (e) Huaxia Bank shall be entitled to acquire two properties (the “Properties”) which were pledged by Mr. Yang in securing part of the Loan, or to exercise a power of sale or auction of the Land, the proceeds of which will be used to satisfy the guarantee given by Mr. Yang, for up to RMB7,000,000 and RMB5,000,000 respectively; (f) Huaxia Bank’s claim of the alleged guaranteed obligation of up to RMB12,830,000 assumed by the Changzhou Subsidiary is rejected; and (g) the defendants to the Huaxia Case shall be severally liable to pay the court fees in the Huaxia Case as particularised in the Civil Judgment.
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While UK awash with solar power frenzy, why is London missing out? » Environment » 24dash.com
It also has a global footprint that SolarCity can’t match. Although there’s been a painful price decline in the global solar panel market, SunPower is an industry leader and has obviously weathered the storm. Losses, however, shouldn’t scare you off from SolarCity if you have an adventurous bent. That’s because the U.S. government is currently subsidizing solar power. Thus, SolarCity, and SunPower for that matter, must act while the iron’s hot. Eventually, the government will expect solar power to stand on its own two feet, and this pair needs to get big before that happens.
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Solar Capacity Grew 33% in 2013, and There’s Plenty of Room to Run
Though the amount of electricity generated through sunny means doubled in the UK over the last year, mega-rich London has the lowest uptake of solar panels of any region on the Britain mainland. The shameful issue has so befuddled Green Party London Assembly Member Jenny Jones that she has been driven to publish London is ready for a brighter future – a report which looks at the potential for solar power in the city, and some of the barriers it faces. Jones’ report recommends the formation of a dedicated City Hall team to help businesses, tenants and communities install solar panels on the empty roof tops of Londons commercial and industrial businesses, supermarkets, flats, schools, transport and public buildings – apparently anywhere with a roof. Jones’ study reveals the following key facts: Only one in every 260 London homes has had solar panels installed – the South West has eight times the installation rate. London has the potential to supply a fifth of its electricity needs from sun-sourced energy.
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