Common use of Exchange and Reorganization Clause in Contracts

Exchange and Reorganization. XCEN and Pingchuan shall be hereby reorganized, such that XCEN shall acquire 100% the capital stock of Pingchuan, and Pingchuan shall become a wholly-owned subsidiary of XCEN.

Appears in 2 contracts

Sources: Plan of Exchange (Xenicent Inc), Plan of Exchange (Pingchuan Pharmaceutical Inc)