DISCLOSEABLE TRANSACTION. The transaction contemplated under the Supplemental Lease Agreement is regarded as an acquisition of assets under the Listing Rules. On the basis of the acquisition of right-of-use assets under the Supplemental Lease Agreement, the amount recognised by the Group pursuant to IFRS 16 is approximately RMB121,154,000. As the highest applicable percentage ratio under Rule 14.07 of the Listing Rules in respect of the consideration for the acquisition of the right-of-use assets recognised by the Group pursuant to IFRS 16 is more than 5% but less than 25%, the entering into of the Supplemental Lease Agreement constitutes a discloseable transaction for the Company, and is subject to the reporting and announcement requirements but is exempted from the circular and shareholders’ approval requirements under the Chapter 14 of the Listing Rules.
Appears in 1 contract
Sources: Supplemental Lease Agreement
DISCLOSEABLE TRANSACTION. The transaction contemplated under the Supplemental Lease Tenancy Agreement is regarded as an acquisition of assets under the Listing Rules. On the basis of the acquisition of right-of-use assets under the Supplemental Lease Tenancy Agreement, the amount recognised by the Group pursuant to IFRS 16 is approximately RMB121,154,000RMB86.52 million. As the highest applicable percentage ratio under Rule 14.07 of the Listing Rules in respect of the consideration for the acquisition of the right-of-use assets recognised by the Group pursuant to IFRS 16 is more than 5% but less than 25%, the entering into of the Supplemental Lease Tenancy Agreement constitutes a discloseable transaction for the Company, and is subject to the reporting and announcement requirements but is exempted from the circular and shareholders’ approval requirements under the Chapter 14 of the Listing Rules.
Appears in 1 contract
Sources: Tenancy Agreement
DISCLOSEABLE TRANSACTION. The transaction contemplated under the Supplemental Lease Tenancy Agreement is regarded as an acquisition of assets under the Listing Rules. On the basis of the acquisition of right-of-use assets under the Supplemental Lease Tenancy Agreement, the amount recognised by the Group pursuant to IFRS 16 is approximately RMB121,154,000RMB92.25 million. As the highest applicable percentage ratio under Rule 14.07 of the Listing Rules in respect of the consideration for the acquisition of the right-of-use assets recognised by the Group pursuant to IFRS 16 is more than 5% but less than 25%, the entering into of the Supplemental Lease Tenancy Agreement constitutes a discloseable transaction for the Company, and is subject to the reporting and announcement requirements but is exempted from the circular and shareholders’ approval requirements under the Chapter 14 of the Listing Rules.
Appears in 1 contract
Sources: Tenancy Agreement
DISCLOSEABLE TRANSACTION. The transaction contemplated under the Supplemental Lease Tenancy Agreement is regarded as an acquisition of assets under the Listing Rules. On the basis of the acquisition of right-of-use assets under the Supplemental Lease Tenancy Agreement, the amount recognised by the Group pursuant to IFRS 16 is approximately RMB121,154,000RMB276.5 million. As the highest applicable percentage ratio under Rule 14.07 of the Listing Rules in respect of the consideration for the acquisition of the right-of-use assets recognised by the Group pursuant to IFRS 16 is more than 5% but less than 25%, the entering into of the Supplemental Lease Tenancy Agreement constitutes a discloseable transaction for the Company, and is subject to the reporting and announcement requirements but is exempted from the circular and shareholders’ approval requirements under the Chapter 14 of the Listing Rules.
Appears in 1 contract
Sources: Tenancy Agreement