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HONG KONG AIR CADET CORPS TRAINING GROUP From: OC E&M Flt, SD We, Try GP To: OC Units: (7) in PMC/2011 Your Ref:(Date: 14 February 2011 Date:) into 2011 Wilderness Adventure Challenge Proficiency
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OC units refer to Ownership Change Units, which are used to track changes in ownership of a business entity.
Individuals or entities that experience a change in ownership of 5% or more in a business entity are required to file OC units.
OC units can be filled out by completing the necessary forms provided by the relevant regulatory authority and submitting them with supporting documentation.
The purpose of OC units is to monitor and track changes in ownership of a business entity to ensure compliance with regulations and maintain transparency.
Information such as the names of the new and existing owners, the percentage of ownership change, and the date of the change must be reported on OC units.
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