INFORMATION OF THE BORROWER. The Borrower is a merchant. To the best knowledge, information and belief of the Directors after having made all reasonable enquiries, the Borrower is an Independent Third Party.
INFORMATION OF THE BORROWER. The Borrower is a company incorporated in Hong Kong with limited liability, principally engaged in the import declaration of wafers and masks in Korea, and is responsible for sales of such products.
INFORMATION OF THE BORROWER. The Borrower is a company incorporated in Hong Kong with limited liability and is engaged in the provision of internet infrastructure solutions, offering a range of services including consultancy, planning, design, operations, maintenance services, project investment collaboration, outsourced design and construction services, and business collaborative operations to carriers and internet companies.
INFORMATION OF THE BORROWER. The Borrower is a company incorporated in British Virgin Islands with limited liability and is engaged in the business of investment holdings. To the best of the Directors’ knowledge, information and belief of Director having made all reasonable enquiries, the Borrower is an Independent Third Party and not connected with the Group.
INFORMATION OF THE BORROWER. The Borrower is a company incorporated in Bermuda with limited liability and its principal activities are securities trading and investments. To the best of the Directors’ knowledge, information and belief of Directors having made all reasonable enquiries, the Borrower and its ultimate beneficial owner are Independent Third Party and not connected with the Group. The Borrower is an indirect wholly owned subsidiary of Oshidori.
INFORMATION OF THE BORROWER. Two Customers are individuals. Two Customers are repeat customers of the Group and their outstanding loan amount due to the Lender, prior to the grant of the New Loan, was HK$4,400,000. To the best of the Directors’ knowledge, information and belief having made all reasonable enquiry, Two Customers are Independent Third Parties and not connected with the Group. The Loan Amount is secured and carry an interest rate of 30% per annum which was determined with reference to the factors including, among others, (i) the usual practice of the Group comparing to the Group’s other clients; and (ii) the rules under section 24 of the Money Lending Ordinance (Cap. 163 of the laws of Hong Kong). The Group is principally engaged in money lending business, investment holding, and trading and distribution of motor vehicles in Hong Kong. The Directors are of the view that the entering into of the New Loan Agreement is in the Group’s ordinary and usual course of business; and on normal commercial terms within the meaning of the Listing Rules. The Directors consider that the terms of the New Loan Agreement are fair and reasonable and thus the entering into of the New Loan Agreement is in the interests of the Company and the Shareholders as a whole.
INFORMATION OF THE BORROWER. The Borrower is a merchant and has been a customer of the securities arm of the Company for a decade. To the best knowledge, information and belief of the Directors after having made all reasonable enquiries, the Borrower is an Independent Third Party and not connected with the Company under the Listing Rules.
INFORMATION OF THE BORROWER. The Borrower is a merchant. To the best knowledge, information and belief of the Directors after having made all reasonable enquiries, the Borrower is an independent third party not connected with the Company or connected persons of the Company. The Company is an investment holding company and its subsidiaries are principally engaged in the provision of financial services, including (i) commercial and personal lending as well as margin and initial public offering financing; (ii) brokerage, wealth management and asset management; (iii) placing and underwriting services for listed issuers; and (iv) corporate finance advisory services. The Lender is a registered money lender holding a valid money lenders licence under the Money Lenders Ordinance (Chapter 163 of the Laws of Hong Kong) and is principally engaged in the business of money lending services. The provision of the Loan Facilities was transactions carried out as part of the ordinary and usual course of business activities of the Group. The Loan Facilities are funded by internal resources of the Group. The terms of the Loan Agreements were negotiated on arm’s length basis between the Lender and the Borrower and were on normal commercial terms based on the Group’s credit policy. The outstanding amount of the Existing Loan Facility will be fully settled by the drawdown amount of the Loan Facilities which are secured by first mortgages over three residential units and three parking lots. Taking into account the results of the due diligence on the financial background and repayment ability of the Borrower, the stable interest income generated / expected to be generated from the Loan Facilities and the satisfactory payment records of the Borrower in the past, the Directors consider that the terms of the Loan Agreements are fair and reasonable and the entering into of the same is in the interests of the Company and its Shareholders as a whole.
INFORMATION OF THE BORROWER. The Borrower is a limited liability company established in the PRC which is principally engaged in comprehensive construction investment integrating municipal, highway, rail transit, housing construction, decoration, mechanical and electrical installation engineering construction, machinery rental and construction technology consulting. As an intellectually intensive, technology-intensive group company, now the Borrower has a municipal public works construction general contracting grade one qualification, highway construction general contracting grade one qualification, housing construction general contracting grade one qualification, mechanical and electrical equipment installation engineering professional contracting grade one qualification, building decoration engineering professional contracting grade qualification, bridge engineering professional contracting grade two qualification, tunnel engineering professional contracting grade two qualification, pressure pipeline installation GB1, GB2 (2) level qualification. As at the date of this announcement, the ultimate beneficial owners of the Borrower are Xxxx Xxxxxxxx (as to 51% of the entire equity interest in the Borrower) and the People’s Government of Beijing Municipality (as to 49% of the entire equity interest in the Borrower). To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the Borrower and its ultimate beneficial owners are third parties independent of the Company and its connected persons. Xiamen International Bank is a financial institution established in the PRC. As one or more of the applicable percentage ratios (as defined in Rule 14.07 of the Listing Rules) in respect of the Guarantee are more than 5% but less than 25%, it constitutes a discloseable transaction of the Company and is subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules.
INFORMATION OF THE BORROWER. The Borrower is a company incorporated in British Virgin Islands with limited liability and is engaged in the business of investment holding. The Borrower has a diverse shareholding structure with more than 20 ultimate beneficial owners and none of the ultimate beneficial owners holds more than 30% controlling interest in the Borrower. The Borrower is a 100% owned subsidiary of Co-Lead. Co-Lead is a company incorporated in the British Virgin Island and is a 52.28% owned subsidiary of Freewill. Freewill is a company incorporated in the Xxxxxxxx Islands and is a 83.68% owned subsidiary of Xxx Xxx. Xxx Xxx is a company incorporated in British Virgin Islands and is engaged in the business of investment holding. Xxx Xxx does not have any shareholders holding 30% or more interest in Xxx Xxx. To the best of the Directors’ knowledge, information and belief of Director having made all reasonable enquiries, the Borrower is an Independent Third Party and not connected with the Group.
