CONTINUING CONNECTED TRANSACTION Sample Clauses

CONTINUING CONNECTED TRANSACTION. The Board announces that on 26th September, 2018, the New Licence Agreement was entered into between HNHKL, an indirect wholly-owned subsidiary company of the Company, as grantor and PWCL as licensee regarding the renewal of the licensing of a sales corner in the PP ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Store by the Group to PWCL. As PWCL is an associate of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, a Director and substantial shareholder of the Company, PWCL is therefore a connected person of the Company for the purpose of the Listing Rules. Accordingly, the New Licence Agreement constitutes a Continuing Connected Transaction of the Company under Chapter 14A of the Listing Rules. Given that the maximum annual cap receivable by the Group under the New Licence Agreement is more than 0.1 per cent. but less than 5 per cent. of each of the applicable percentage ratios of the Company, the New Licence Agreement is subject to announcement, annual reporting and annual review requirements under Rule 14A.35, Rule 14A.49 and Rules 14A.55 to 14A.59 of the Listing Rules respectively and is exempt from the circular and Independent Shareholders’ approval requirements under the Listing Rules. The Board announces that on 26th September, 2018, the New Licence Agreement was entered into between HNHKL, an indirect wholly-owned subsidiary company of the Company, as grantor and PWCL as licensee regarding the renewal of the licensing of a sales corner in the PP ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Store by the Group to PWCL for a further period of one year commencing from 7th October, 2018 and expiring on 6th October, 2019 (both days inclusive) which will supersede the existing licence agreement dated 25th September, 2017 (“the Existing Licence Agreement”) upon its expiry on 6th October, 2018 as detailed below :- Grantor: HNHKL Licensee: PWCL Premises: A sales corner in the PP ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Store Lettable Area: About 4,095 sq. ft. Period: One year commencing from 7th October, 2018 and expiring on 6th October, 2019 (both days inclusive) Licence Fee: Monthly licence fee payment of HK$1,375,000, to be paid in cash within 20 days from the end of each month in arrears. This licence fee was derived in accordance with the prevailing market rental within the PP ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Store, the size and location of the sales corner within the PP ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Store, the prestige of the relevant brand and its products and the prevailing as well as the expected market conditions PWCL has been the licensee of the above premises since 7th October, 2011. The details ...

CONTINUING CONNECTED TRANSACTION. FRAMEWORK REFERRAL AGREEMENT LISTING RULES IMPLICATIONS

CONTINUING CONNECTED TRANSACTION. SALE AND PURCHASE FRAMEWORK AGREEMENT GEM LISTING RULES IMPLICATIONS

CONTINUING CONNECTED TRANSACTION. SERVICE FRAMEWORK CONTRACT

CONTINUING CONNECTED TRANSACTION. MASTER SUPPLY AGREEMENT LISTING RULES IMPLICATIONS

CONTINUING CONNECTED TRANSACTION. (a) The provision of carpark space sales agency services (i) The 2020 Carpark Sales Agency Services Agreement (ii) The 2022 Carpark Sales Agency Services Master Agreement (iii) The provision of carpark space sales agency services in 2022

CONTINUING CONNECTED TRANSACTION. On 26 April 2013, the Company and SGL entered into the New Framework Agreement of a term commencing from 26 April 2013 to 31 December 2015 for the provision of the Relevant Services to SGL Group by the Group. SGL is directly and indirectly controlled by ▇▇. ▇▇▇ and his spouse, ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇. In this regard, each of SGL and its subsidiaries is a connected person of the Group under Rule 14A.11 of the Listing Rules. The provision of the Relevant Services under the New Framework Agreement constitutes continuing connected transaction of the Company under the Listing Rules. As the percentage ratios in respect of the transactions contemplated under the New Framework Agreement are, more than 0.1% but less than 5% on an annual basis, such transactions are subject to the reporting, annual review and announcement requirements, but exempt from the independent shareholders’ approval requirements under the Listing Rules.

CONTINUING CONNECTED TRANSACTION. On 28 May 2010, Frason, a wholly-owned subsidiary of the Company, as landlord, and Lanon, a company controlled by Mr. ▇▇ ▇▇▇▇, as tenant, entered into a tenancy agreement in respect of the Group’s property at ▇▇. ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇. 75% equity interest in Lanon is beneficially owned by Mr. ▇▇ ▇▇▇▇, who is the son of ▇▇. ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, Chairman of the Board, and a deemed connected person under Rule 14A.11 of the Listing Rules. Hence, the Tenancy Agreement is deemed to constitute a continuing connected transaction of the Company under Chapter 14A of the Listing Rules. Based on the total annual rental receivable by ▇▇▇▇▇▇ from Lanon under the Tenancy Agreement, each of the applicable percentage ratios is less than 2.5%. Hence, no independent shareholders’ approval is required under Rule 14A.34 of the Listing Rules. Details of the Tenancy Agreement will be included in the annual report and accounts of the Company of each of the relevant financial years in accordance with Rule 14A.46 of the Listing Rules.

CONTINUING CONNECTED TRANSACTION. Renewed Construction Materials Purchase Framework Agreement Historical Transaction Amount Annual Cap and its Basis