INFORMATION ABOUT THE PARTIES Sample Clauses

INFORMATION ABOUT THE PARTIES. The Company

INFORMATION ABOUT THE PARTIES. Information about the Company Information about the Factoring Bank

INFORMATION ABOUT THE PARTIES. The Company The Manager LISTING RULES IMPLICATIONS

INFORMATION ABOUT THE PARTIES. BCL is a limited company incorporated in the British Virgin Islands and principally engaged in investment holding and consultancy services. BCL is directly wholly-owned by ▇▇. ▇▇▇. The Company is incorporated in Bermuda with limited liability, the shares of which are listed on the main board of the Stock Exchange. The principal business of the Group is engaged in trading of construction materials, mainly pipes and fittings in Hong Kong and Macau.

INFORMATION ABOUT THE PARTIES. The Company CR Cement LISTING RULES IMPLICATIONS

INFORMATION ABOUT THE PARTIES. The Group is principally engaged in leveraged foreign exchange and other trading, while the provision of cash dealing and securities trading referral services also form part of the Group’s business model. Banclogix is principally engaged in the provision of information technology services and is wholly owned by KVB Holdings which is principally engaged in investment holding and is owned as to 75% of its equity interest by ▇▇. ▇▇, a non-executive Director, and 25% of its equity interest by the Administrators. KVB Holdings holds approximately 14.75% of the issued share capital of the Company as at the date of this announcement. As at the date of this announcement, Banclogix is a wholly-owned subsidiary of KVB Holdings, which is a substantial shareholder of the Company, and is therefore a connected person of the Company under Chapter 14A of the Listing Rules. Accordingly, the Information Technology Services Agreement as amended by the Second Supplemental Agreement constitutes a continuing connected transaction of the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.81 of the Listing Rules, the transactions contemplated under the Information Technology Services Agreement as amended by the Second Supplemental Agreement are required to be aggregated with the transactions under the Software Licence Agreement (which is also a continuing connected transaction with Banclogix) as they were entered into within a 12-month period. As one or more of the applicable percentage ratio(s) (as defined in Rule 14.07 of the Listing Rules) exceeds 5% and the total consideration exceeds HK$10,000,000, the transactions contemplated constitute non-exempt continuing connected transactions of the Company and are subject to the reporting, announcement, annual review and Shareholders’ approval requirements under Chapter 14A of the Listing Rules. KVB Holdings and its associates are required to abstain from voting on the resolution of the EGM for approving the Second Supplemental Agreement and the Revised Aggregate Annual Caps. Saved as mentioned above and below, to the best of the Directors’ knowledge and belief, no other Director or Shareholder has any material interest in the transactions and therefore will be required to abstain from voting on the relevant resolutions at the EGM. The Directors have established the Independent Board Committee comprising three independent non-executive Directors, namely ▇▇. ▇▇▇▇ ▇▇▇▇▇▇, ▇▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ KEYSER and ▇▇. ▇▇▇ ▇▇▇▇▇▇,...

INFORMATION ABOUT THE PARTIES. The Group

INFORMATION ABOUT THE PARTIES. The Company is incorporated in Bermuda with limited liability, the shares of which are listed on the main board of the Stock Exchange. The Group is principally engaged in trading of construction materials, mainly pipes and fittings in Hong Kong and Macau. BCL is a limited company incorporated in the British Virgin Islands and principally engaged in investment holding and consultancy services. ▇▇. ▇▇▇ is the sole shareholder and sole director of BCL. As of the date of this announcement, BCL has been solely operated by ▇▇. ▇▇▇ and there are no employees. Throughout the term of the Previous Consultancy Services Agreement, BCL had successfully expanded the Company’s suppliers’ network which increases the consistency and reliability of the supply of pipes and fittings to meet the Company’s customers’ demands. In view of the established long-term relationship with BCL, the Board believes that the Consultancy Services Agreement is conducive to developing strategies focusing in the Greater Bay Area to lower the costs of operations. The Company has developed strong trust and confidence in ▇▇. ▇▇▇ throughout 14 years of partnership. The Company believes that ▇▇. ▇▇▇’▇ extensive experience in investment management and strategy management of the global market and global suppliers’ network will benefit the Company with more business and investment opportunities. In view of ▇▇. ▇▇▇’▇ extensive knowledge of the Group’s operation and the industry, his experience, personal network and goodwill, the Company believes that it will benefit from his continual guidance and advice for the Group’s business advancement and corporate development. The Board believes that it is in the interest of the Company to employ BCL as the consultant for the Consultancy Services. The entering into of the Consultancy Services Agreement is in the ordinary and usual course of business of the Company. The Directors (including the independent non-executive Directors) believe that the Consultancy Services Agreement was entered into in the ordinary and usual course of business of the Group and on normal commercial terms, and the terms of which are fair and reasonable, and in the interests of the Company and the Shareholders as a whole.

INFORMATION ABOUT THE PARTIES. The Group is principally engaged in the investment, the development and operation of (i) e-commerce and bonded logistics warehouses; (ii) cold chain logistics warehouses;