INFORMATION ON THE CONTRACTOR. The Company understands that the Contractor is principally engaged in the construction general contracting, engineering general contracting and project management businesses of housing construction, highway, railway, municipal and public utilities, ports and waterways, water conservancy and hydropower.
INFORMATION ON THE CONTRACTOR. The Company understands that the Contractor is principally engaged in the businesses related to fire service equipment installation and engineering work, mechanical and electrical installation, electronics and intelligent engineering work and etc. The Company understands that the Contractor is a company whose shares are listed on the National Equities Exchange and Quotations System and the actual controllers of the Contractor are Xxx Xxxxxx ( 曹 萬 友 ), Xxx Xxxxxxx ( 曹 世 鋒 ) and Xxx Xxxxxxxxx ( 曹 榮 祥 ).
INFORMATION ON THE CONTRACTOR. The Company understands that the Contractor is principally engaged in the businesses related to mechanical and electrical installation, petrochemical engineering, rail transit electrification, equipment manufacturing, electronic information technology, as well as municipal water and environmental protection infrastructure works and etc. The entire equity interest of the Contractor is held by China State Construction Engineering Corporation Limited ( 中 國 建 築 股 份 有 限 公 司 ), a company currently listed on the Shanghai Stock Exchange (stock code: 000000.XX), directly and indirectly through its wholly-owned subsidiary. As stated in the 2019 annual report of China State Construction Engineering Corporation Limited, its controlling shareholder was China State Construction Engineering Group Co., Ltd. ( 中 國 建 築 集 團 有 限 公 司 ) and its ultimate beneficial owner was the State-owned Assets Supervision and Administration Commission of the State Council of the PRC ( 中 國 國 務 院 國 有 資 產 監 督 管 理 委 員 會 ).
INFORMATION ON THE CONTRACTOR. The Contractor is a PRC-based company principally engaged in the contracting of construction, engineering and equipment installation works, urban landscaping design and engineering design. To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the Contractor is ultimately beneficially owned as to approximately 95.0% by Xx. XXXXX Xxxxxx, approximately 2.5% by Xx. XXXXX Xxxxxxx and approximately 2.5% by Xx. XXXXX Xxxxx, and each of the Contractor and its ultimate beneficial owners is an Independent Third Party.
INFORMATION ON THE CONTRACTOR. The Contractor is a company established in the PRC and a wholly-owned subsidiary of China Energy Engineering Corporation Limited (“CEEG”), the shares of which are listed on the main board of the Stock Exchange (stock code: 3996). CEEG is a comprehensive service provider engaged in construction project planning and consultancy, survey and design, construction and contracting, equipment manufacturing and investment operations. The Contractor is principally engaged in construction activities. To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiry, the Contractor and its ultimate beneficial owner(s) are third parties independent of and not connected with the Company and its connected persons. IMPLICATIONS UNDER THE LISTING RULES As one or more of the applicable percentage ratios as defined in Rule 14.07 of the Listing Rules for the Agreements exceeds 5% and all applicable percentage ratios are below 25%, the Agreements and the transactions contemplated thereunder are subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules.
INFORMATION ON THE CONTRACTOR. The Company understands that the Contractor is principally engaged in the businesses related to general industrial and civil construction, building corrosion prevention, waterproofing, thermal insulation and fire prevention.
INFORMATION ON THE CONTRACTOR. Shandong Institute is an indirect subsidiary ultimately owned and controlled by SPIC, established in 1958 which is principally engaged in providing electric power planning, engineering survey, design and consulting, and project construction services. It possesses comprehensive Grade A qualification certificates in engineering design, engineering survey and engineering consulting. It is a national high-tech enterprise and the chair unit of Shandong Electric Power Survey and Design Association. The business of Shandong Institute has 11 domestic and foreign branches, covering 33 provinces (autonomous regions and municipalities) in the PRC and more than 40 countries and regions. At present, it has 14 professional employees who are recognized national, industrial and provincial survey and design masters, and more than 610 registered professionals at different divisional and national levels. Shandong Institute has been ranked as one of the forefront companies among the “National Survey and Design Comprehensive Strength 100 Institutes” of the Chinese power industry for the past many years. It has been among the top 60 American ENR•China engineering design companies for four consecutive years, and has been among the top 80 Chinese contractors for three consecutive years. LISTING RULES IMPLICATIONS As at the date of this announcement, SPIC is the ultimate controlling shareholder of the Company which is interested in approximately 60.04% of the issued share capital of the Company. Shandong Institute, being an indirect subsidiary ultimately owned and controlled by SPIC, is a connected person of the Company as defined in the Listing Rules. Accordingly, the Transactions constitute connected transactions of the Company under Chapter 14A of the Listing Rules. As certain applicable percentage ratios as defined under Rule 14.07 of the Listing Rules in respect of the total maximum consideration payable for the Project Agreements aggregated under the applicable Listing Rules exceed 5% but are all less than 25%, the Transactions constitute (i) a discloseable transaction of the Company subject to the announcement requirement under Chapter 14 of the Listing Rules, and (ii) connected transactions of the Company subject to the reporting, announcement and Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules. A general meeting of the Company will be convened to seek the Independent Shareholders’ approval regarding the Transactions. China Power Deve...
INFORMATION ON THE CONTRACTOR. The Company understands that the Contractor is principally engaged in the businesses related to fire engineering construction work, fire facility inspection, fire safety monitoring and etc. The ultimate beneficial owners of the Contractor are three natural persons, namely Xxx Xxxxx (尹再安), Xxx Xxxxxxx (曹敬麟) and Xxxx Xxxxxxxx (趙劍平).
INFORMATION ON THE CONTRACTOR. The Contractor is a subsidiary of SPIC established in 2006 which is principally engaged in engineering and construction project management, surveying, project supervision and consultation and international projects contracting. It is qualified as the First Class power engineering contractor and Grade A power project supervisor in China, and won the China Construction Engineering Luban Prize (中國建設工程魯班獎) in 2008 awarded by the PRC government. LISTING RULES IMPLICATIONS The Contract Letting Party is an indirect wholly-owned subsidiary of the Company. The Contractor is a subsidiary of SPIC (a substantial shareholder of the Company) and therefore a connected person of the Company for the purpose of the Listing Rules. As such, the transaction contemplated under the Project Agreement constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules. As the highest applicable Percentage Ratio (other than the profits ratio) calculated with reference to the consideration under the Project Agreement is more than 0.1% but less than 5%, the Project Agreement is subject to the reporting and announcement requirements but exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules. None of the Directors have a material interest in the transaction contemplated under the Project Agreement.
INFORMATION ON THE CONTRACTOR. The Contractor is principally engaged in provision of general building works and specialist building works in Hong Kong. REASONS FOR AND BENEFITS OF THE TRANSACTION The Building Works are consistent with the Group’s strategy to own a quality portfolio of property projects and will serve as additional growth driver for the Group with continuous enhancement in long-term Shareholders’ value. In view of the foregoing, the Board considers that the terms of the Building Contract are fair and reasonable and in the interests of the Company and Shareholders as a whole.
