CONTINUING CONNECTED TRANSACTION. TENANCY AGREEMENT
CONTINUING CONNECTED TRANSACTION. THE PROCUREMENT FRAMEWORK AGREEMENT LISTING RULES IMPLICATION
CONTINUING CONNECTED TRANSACTION. The Board announces that on 26th September, 2016, 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 Xxxxxx Xxxxxxx Store by the Group to PWCL. As PWCL is an associate of Xxx Xxxxxxx Xxxx, 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, 2016, 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 Xxxxxx Xxxxxxx Store by the Group to PWCL for a further period of one year commencing from 7th October, 2016 and expiring on 6th October, 2017 (both days inclusive) which will supersede the existing licence agreement dated 24th September, 2013 (“the Existing Licence Agreement”) upon its expiry on 6th October, 2016 as detailed below :- PWCL has been the licensee of the above premises since 7th October, 2011. The details of the Existing Licence Agreement were disclosed in the announcement of the Company dated 24th September, 2013 (“the Sept 2013 Announcement”). The maximum annual caps received/receivable by the Group for the licensing of the sales corner in the PP Xxxxxx Xxxxxxx Store by the Group to PWCL under the Existing Licence Agreement for the financial years ended/ending 31st March, 2016 and 31st March, 2017, based on the monthly licence fee of HK$1,375,000 as disclosed in the Sept 2013 Announcement, are HK$16,500,000 and HK$8,517,000 (six months and six days) respectively. The licence fee received by the Group from PWCL in respect of the licensing of the sales cor...
CONTINUING CONNECTED TRANSACTION. SALE AND PURCHASE FRAMEWORK AGREEMENT GEM LISTING RULES IMPLICATIONS
CONTINUING CONNECTED TRANSACTION. THE 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. A. Agreement with Deer Air
1. Date: 17 April 2008
2. Parties: The Company Deer Air
CONTINUING CONNECTED TRANSACTION. As at December 30, 2005 (the date of the Master Services Agreement), IBM was interested in approximately 10.95% (comprising ordinary voting shares only) of the total issued share capital (comprising ordinary voting shares only) of the Company and approximately 14.72% (comprising ordinary voting shares and non-voting shares) of the total issued share capital (comprising ordinary voting shares and non voting shares). Since IBM was interested in more than 10% of voting power at general meetings of the Company, IBM is a “substantial shareholder” of the Company and thus a connected person of the Company. Therefore, the entering into of the Master Services Agreement by Lenovo (Singapore) with IBM constitutes a continuing connected transaction for the Company. As the applicable percentage ratios for each of the Fee Cap and the Termination Fee Cap payable under the Master Services Agreement are less than 2.5%, the entering into of the Master Services Agreement is only subject to announcement and reporting requirements set out in Rules 14A.45 to 14A.47 of the Listing Rules and annual review requirements set out in Rules 14A.37 to 14A.40 of the Listing Rules, but is exempt from independent shareholders’ approval requirements. The Company shall re-comply with Rules 14A.35(3) and 14A.35(4) of the Listing Rules if:
CONTINUING CONNECTED TRANSACTION. IBM is a substantial shareholder of the Company and thus a connected person of the Company. Therefore, the entering into of the Amendment to Real Estate Licenses by the Company with IBM constitutes a continuing connected transaction for the Company. As each of the applicable percentage ratios of the maximum amount of Licence Fee payable under the Amendment to Real Estate Licenses is less than 2.5%, the entering into of the Amendment to Real Estate Licenses is subject to reporting and announcement requirements under Rules 14A.45 to 14A.47 and the annual review requirements under Rules 14A.37 to 14A.40 of the Listing Rules, but is exempt from independent shareholders’ approval requirements. The Company must re-comply with Rules 14A.35(3) and (4) of the Listing Rules:
CONTINUING CONNECTED TRANSACTION. LEASE OF PROPERTY
