THE RELEVANT PARTIES. A. The City is a municipal corporation and charter city organized and operating under the laws of the State of California.
THE RELEVANT PARTIES the parties to the Agreement or the General Agreement applicable in the section.
THE RELEVANT PARTIES. The Company was established in the PRC on 3 March 2005. The Company, through its various subsidiaries, provides a wide range of container shipping and terminals covering the whole shipping value chain for both international and domestic customers. Pacific International Lines is a company incorporated in Singapore with limited liability. Its principle business activities are to carry out activities in respect of vessels owned or operated by Pacific International Lines, including soliciting cargo, issuing bills of landing, settling freight charges and entering into service contracts.
THE RELEVANT PARTIES. Information on the Group The Group is principally engaged in the property development and construction services, property investment and hotel operations in the PRC. Information on ShengQuan Property Service ShengQuan Property Service is a company established under the laws of the PRC with limited liability and is principally engaged in providing property management services. ShengQuan Property Service is owned as to approximately 80.09% by Shengquan Holding which is wholly-owned by Dexin Holding, a company owned by Mr. Xx Xxxxxx (an executive Director and a controlling Shareholder) as to 91.61% and Xx. Xx Xxxxxx (a non-executive Director and a controlling Shareholder) as to 8.39%, respectively. Information on Zhejiang Geya Decoration Zhejiang Geya Decoration is a company established under the laws of the PRC with limited liability and is principally engaged in providing decoration services. Zhejiang Geya Decoration is owned as to 91.43% by Xx. Xx Xxxxxx, the brother of Mr. Xx Xxxxxx. Information on Huzhou Geya Huzhou Geya is a company established under the laws of the PRC with limited liability and is principally engaged in providing decoration services. Xxxxxx Xxxx is owned as to 90% by Xx. Xx Xxxxxx, the brother of Mr. Xx Xxxxxx. REASONS FOR AND BENEFITS OF ENTERING INTO THE SUPPLEMENTAL FRAMEWORK AGREEMENTS AND THE HUZHOU FRAMEWORK DECORATION SERVICE AGREEMENT The Group is a leading comprehensive property developer based in Zhejiang Province in the PRC. The Company is of the view that the Supplemental Framework Agreements enable the Group to
THE RELEVANT PARTIES. The Company was established in the PRC on 3 March 2005. The Company, through its various subsidiaries, provides a wide range of container shipping, dry bulk shipping, logistics, terminals and container leasing services covering the whole shipping value chain for both international and domestic customers. COSCO Pacific and its subsidiaries are principally engaged in the businesses of managing and operating terminals, container leasing, management and sale, container manufacturing, and their related businesses. The principal business of Xxxxxxxx Xxxxxxxx is the operation of terminal. Xxxxxxx Xxxxxxx is principally engaged in the business of finance leasing.
THE RELEVANT PARTIES. Information on the Company The principal activity of the Company is investment holding. The principal activities of the Company’s subsidiaries and associated companies are (i) infrastructure operations including toll road operations and port operations; (ii) utility operations including supply of water, electricity and heat and thermal power; and (iii) strategic and other investments including investments in the production, sale and distribution of winery products, gas fuel operations and elevator and escalator operations.
THE RELEVANT PARTIES. The Group The Company is a company incorporated under the laws of the Cayman Islands with limited liability, the shares of which are listed on the Main Board of the Stock Exchange (Stock Code: 6111). The Group is principally engaged in property development and property investment in the PRC, among which, property development is the main source of income for the Group. DaFa Property Management DaFa Property Management is a limited liability company established in the PRC and is principally engaged in the provision of property management and related services in the PRC. As at the date of this announcement, it is owned as to 100% by Mr. Xx Xxxxx (a controlling Shareholder). REASONS FOR AND BENEFITS OF THE EXISTING AGREEMENTS AND PROPERTY MANAGEMENT SERVICES FRAMEWORK AGREEMENT The Group is a real estate developer deeply engaged in the Yangtze River Delta Region in the PRC with a focus on the development and sales of residential properties. The Company is of the view that the Existing Agreements and the Property Management Services Framework Agreement enable the Group to (i) secure a stable source of the relevant services; and (ii) have DaFa Property Management Group as stable supplier of the relevant services in its ordinary course of business on normal commercial terms. On the basis of the above, the Directors (including the independent non-executive Directors) are of the view that the terms of the Existing Agreements and the Property Management Services Framework Agreement and the transactions contemplated thereunder (including the proposed annual caps) are fair and reasonable and are based on normal commercial terms, and that the entering into of the Property Management Services Framework Agreement is in the ordinary and usual course of business of the Group and in the interests of the Company and the Shareholders as a whole. DIRECTORS’ CONFIRMATION
