106 The condition set forth in (c) above is intended to be read in the context of when the review of the subsidiary, corporate joint venture
, or other entity is being performed for the purpose of the controlling entity (the issuer) meeting its reporting obligations as a result of conditions (a) or (b).
CORPORATE JOINT VENTURE
* The corporate joint venture
establishes a jointly owned corporation.
Establishing a minority corporate joint venture
sometimes created FTC problems.
company and a foreign company can be structured as either a partnership or a corporate joint venture
For example, assume that a corporation owns all of the stock of a subsidiary, and the corporation wants to engage in a corporate joint venture
with another entity ("Third Party").
A nonpublic entity is any entity other than (1) one whose securities trade in a public market either on a stock exchange (domestic or foreign) or in the over-the-counter market, including securities quoted only locally or regionally, (2) one that makes a filing with a regulatory agency in preparation for the sale of any class of its securities in a public market or (3) a subsidiary, corporate joint venture
or other entity controlled by an entity covered by (1) or (2).
The project is via a 45 year corporate joint venture
with a Government owned coal miner.
CGX") corporate joint venture
vehicle with GeoPetro Resources Inc.
In a corporate joint venture
, two or more unrelated corporations establish a new business entity under joint control.
Licensed in all states, CMG Mortgage Insurance Company (CMG MI) operates as a corporate joint venture
between CUNA Mutual Insurance Society and PMI Mortgage Insurance Co.
NASDAQ/NM: STTX) today increased its earnings expectations for the first fiscal quarter ended December 31, 2003, to reflect the impact of higher Company sales and the continued strength of its Mi-Tech Steel corporate joint venture
NTIC announced that it had entered into five new corporate joint venture
arrangements during the past two fiscal years and that total net sales of all of NTIC's joint ventures increased to $80,551,700 during fiscal 2007 compared to $63,959,090 during fiscal 2006.
Condensed Consolidated Statements of Income (In thousands, except per share results) Three Months Ended December 31 (Unaudited) 2001 2000 Sales $ 102,156 $ 112,863 Cost of goods sold 90,673 101,395 Gross profit 11,483 11,468 Selling, general and administrative expenses 7,152 6,975 Equity in net income of unconsolidated corporate joint venture
353 234 Operating income 4,684 4,727 Interest expense, net 1,657 1,888 Income before income taxes 3,027 2,839 Provision for income taxes 1,163 1,057 Net income $ 1,864 $ 1,782 Weighted average number of common shares outstanding-diluted 10,244 10,397 Diluted earnings per common share $ 0.
Condensed Consolidated Statements of Income (In thousands, except per share results) For the Three Months (Unaudited) Ended December 31 2000 1999 Sales $ 110,861 $ 104,890 Cost of goods sold 99,393 91,669 Gross profit 11,468 13,221 Selling, general and administrative expenses 6,975 6,568 Equity in net income of unconsolidated corporate joint venture
234 404 Operating income 4,727 7,057 Interest expense, net 1,888 1,344 Income before income taxes 2,839 5,713 Provision for income taxes 1,057 2,062 Net income $ 1,782 $ 3,651 Weighted average number of common shares outstanding-diluted 10,397 11,186 Diluted earnings per common share $ 0.