INFORMATION OF THE PARTIES. Information of the Company Information of the Lessees
INFORMATION OF THE PARTIES. The Company
INFORMATION OF THE PARTIES. Information of the Company Information of the Asset Transferee LISTING RULES IMPLICATIONS
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INFORMATION OF THE PARTIES. The Group
INFORMATION OF THE PARTIES. The Group is principally engaged in real estate development and sales in Henan Province, the PRC. Central China New Life is principally engaged in providing all-rounded property management service for buildings and communities nearby in Henan Province, the PRC. As at the date of this announcement, Central China New Life is directly owned as to more than 30% by Xx. Xx. Xx. Xx is the controlling Shareholder and a connected person of the Company. Accordingly, Central China New Life is an associate of Xx. Xx, and thus a connected person of the Company under Rule 14A.07(4) of the Listing Rules. The transactions contemplated under the 2019 Agreement therefore constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As one or more applicable percentage ratios (other than the profit ratio) in respect of the transactions contemplated under the 2019 Agreement on annual basis are over 0.1% but less than 5%, the transactions contemplated under the 2019 Agreement are subject to the reporting, announcement and annual review requirements but exempted from the circular and independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.
INFORMATION OF THE PARTIES. Information of the Company Information of the Asset Transferor Information of the Lessee
INFORMATION OF THE PARTIES. Xxxxx Xxxxxx Xxxxx Xxxxxx is principally engaged in the production of dehaired cashmere and cashmere tops. It is located in Qinghe County, Xingtai City, Hebei Province, the PRC which is a region where high quality cashmere is found. So far as the Directors are aware, Hebei Yuteng is one of the largest cashmere processing factories in Hebei Province and is also well-known for its use of advanced technology used in its production of high quality cashmere. As informed by Xxxxx Xxxxxx, Xxxxx Xxxxxx is ultimately beneficially owned as to 51% by Mr. Xx Xxxxxx and 49% by Mr. Xx Xxxxxxxx as at the date of this announcement. As at the date of this announcement, (i) Mr. Xx Xxxxxx is a director, the general manager and authorised representative of Nanguan Tech and a director of Moro International; and (ii) Mr. Xx Xxxxxxxx is a director of Nanguan Tech. The Purchasers Nanguan Tech is a joint venture company owned as to 55% and 45% by the Company (through a subsidiary) and Hebei Yuteng respectively as at the date of this announcement. The principal business of Nanguan Tech is the production of cashmere yarn. Each of Huizhou Nanxuan and Huizhou Nanguan is a wholly-owned subsidiary of the Company. The principal business of each of Huizhou Nanxuan and Huizhou Nanguan is the manufacture of knitwear products. REASONS FOR AND BENEFITS OF THE 2022 RAW MATERIALS PURCHASE AGREEMENT AND THE 2022 LEASE AGREEMENT The Group is principally engaged in the manufacture of knitwear products. The Group also produces cashmere yarn for the production of cashmere knitwear. The principal business of Nanguan Tech is the production of cashmere yarn. The entering into of the 2022 Raw Materials Purchase Agreement provides the Purchasers access to a reliable supply of high quality cashmere and other raw materials on favourable terms and allows the Purchasers to better manage quality control and production lead time for the Group’s cashmere knitwear products. As Nanguan Tech has been engaging in the production of cashmere yarn, it needs factory space for the production of cashmere yarn. Having considered the business needs of the Group and the rent and location of the Factory Plant, the Directors consider the Factory Plant is suitable for the production of cashmere yarn by Nanguan Tech and provides sufficient factory space which satisfies the production needs of Nanguan Tech for the following three years. In view of the aforesaid, the Directors (including the independent non-executive Directors) a...
INFORMATION OF THE PARTIES. Information on the Company Information on the Kelun Group
INFORMATION OF THE PARTIES. The Company Shougang Finance Company and Shougang Group LISTING RULES IMPLICATIONS
