INFORMATION ON THE BORROWER. The Borrower is a company established in the PRC and is principally engaged in real estate development with a number of property development projects in certain major cities in the PRC. FNES is indirectly holding 13.26% equity interest in the Borrower. Mr. Xx Xxxxxx, being an Executive Director, is also a director of both FNES and the Borrower. To the best of the Directors’ knowledge, information and belief after having made all reasonable enquires, the Borrower is also owned as to 42.74% by the Parent Company and as to the remaining 44% by third parties independent of the Company and its connected persons as at the date of this announcement. Therefore, the Borrower is a connected person of the Company, and the Second Entrusted Loan provided by FNES to the Borrower under the Second Entrusted Loan Agreement constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules.
INFORMATION ON THE BORROWER. To the best knowledge, information and belief of the Directors having made all reasonable enquiries, the Borrower is a merchant and independent third party not connected with the Company and its connected persons.
INFORMATION ON THE BORROWER. The Borrower is an individual and a merchant. To the best of the knowledge, information and belief of the Directors having made all reasonable enquiries, the Borrower is an Independent Third Party.
INFORMATION ON THE BORROWER. The Borrower is a company incorporated in Hong Kong with limited liability and is principally engaged in the operation of Japanese restaurants and local cafes in Hong Kong. The Borrower is a wholly-owned subsidiary of GFC, in which the Group has an approximately 36% interest through the Lender. The GFC Group is principally engaged in the provision of food catering services and operating restaurants, cafes and take-away outlets in Hong Kong. To the best of the knowledge, information and belief of the Directors and having made all reasonable enquiries, as at the date of this announcement, the shareholders of GFC holding the remaining 64% interest in GFC and their ultimate beneficial owner(s) are Independent Third Parties. Each of GFC and the Borrower is accounted for as an associate of the Company.
INFORMATION ON THE BORROWER. The Borrower is an individual. To the best of the knowledge, information and belief of the Directors having made all reasonable enquiries, the Borrower is an Independent Third Party and not connected with the Group. The Borrower did not have any past business relationship with the Group, other than entering into the Loan Agreement, and therefore there is no default history of the Borrower to the Group.
INFORMATION ON THE BORROWER. The Borrower is a company incorporated in the British Virgin Islands and its principal activity is investment holding. As at the date of this announcement, the Borrower is beneficially interested in 300,000,000 shares of the Listco (representing 75% of the issued share capital of the Listco as at the date of this announcement). The Directors confirmed that, to the best of their knowledge, information and belief having made all reasonable enquiry, the Borrower and its ultimate beneficial owners are third parties independent of the Group and its connected persons. INFORMATION ON THE GROUP The principal activity of the Company is investment holding. The major activities of the Group are currently provision of valuation and advisory services and financing services in Hong Kong. M Success, as the lender of the Loans, is an indirect wholly-owned subsidiary of the Company and is licensed to conduct money lending business in Hong Kong through the provision of unsecured and secured loans to customers under the provisions of the Money Lenders Ordinance (Chapter 163 of the laws of Hong Kong). REASONS FOR AND BENEFITS OF THE PROVISION OF THE LOANS Taking into account the principal business activities of the Group, the grant of the Loans to the Borrower is in the ordinary and usual course of business of the Group. The respective terms of the Loan Agreements (including the interest rate and the terms of the Loans) were negotiated on an arm’s length basis between M Success and the Borrower. The Directors consider that the grant of the Loans is financial assistance provided by the Group within the meaning of the GEM Listing Rules. The Directors are of the view that the respective terms of the Loan Agreements were entered into on normal commercial terms based on the Group’s credit policy. Taking into account the satisfactory financial background of the Borrower, the security provided by the Borrower and that revenue from the interest income is expected, the Directors consider that the respective terms of the Loan Agreements (including the interest rate and the terms of the Loans) are fair and reasonable and in the interests of the Company and its shareholders as a whole. IMPLICATION UNDER THE GEM LISTING RULES The Previous Loan Agreement, on a standalone basis, does not constitute a notifiable transaction of the Company under Chapter 19 of the GEM Listing Rules. Pursuant to Rule 19.22 of the GEM Listing Rules, the Loan Agreement and Previous Loan Agreement are aggregated a...
INFORMATION ON THE BORROWER. Customer BX is a PRC individual and is a lawyer. The Borrower is a new customer and has no previous relationship with the Group, and was approached by the Group through its network. To the best of the knowledge, information and belief of the Directors having made all reasonable enquiry, the Borrower is an Independent Third Party and not connected with the Group.
INFORMATION ON THE BORROWER. The Borrower is a company incorporated in Hong Kong with limited liability and the principal activity of which is investment holding. To the best knowledge, information and belief of the Directors having made all reasonable enquiries, the Borrower and its ultimate beneficial owner(s) are independent third parties not connected with the Company and its connected person.
INFORMATION ON THE BORROWER. The Borrower, Xxxx Xxxxxxx Financial Group Limited, is an investment holding company with its subsidiaries engaged in the business of securities and futures brokerage, securities margin financing, financial management and advisory services in Hong Kong. Certain subsidiaries of the Borrower are licensed corporations within the meaning of the Securities and Futures Ordinance and are licensed to carry out Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), Type 6 (advising on corporate finance), Type 8 (securities margin financing) and Type 9 (asset management) regulated activities. Xx. Xxx is the responsible officer for such licenses. In addition, Xx. Xxx and Xx. Xxx are the only directors sitting in the board of the Borrower and are in full control of the Borrower. As such, the Borrower is a Connected Person of the Company within the meaning of the Listing Rules. The Borrower is an indirect wholly-owned subsidiary of Hong Kong Finance Investment Holding Group Limited, a company listed on the Stock Exchange (stock code: 0007). The ultimate controlling shareholder of Hong Kong Finance Investment Holding Group Limited is Xx. Xxx Xxx Xxxx. Xx. Xxx and Xx. Xxx are the executive directors of Hong Kong Finance Investment Holding Group Limited. Both of them have abstained from voting for any board resolutions in relation to 2019 Loan Facility Agreement.
INFORMATION ON THE BORROWER. The Borrower is a joint venture company established under the laws of the PRC with limited liability on 6 November 2018 and is owned as to 49% by the Lender and 51% by Yunnan Metropolitan. The Borrower is principally engaged in property development and investment in Yunnan Province, the PRC.
