Common Contracts
1 similar Framework Lease Agreement contracts
CONTINUING CONNECTED TRANSACTIONS FRAMEWORK LEASE AGREEMENTFramework Lease Agreement • December 23rd, 2022
The Subsidiary Lessees have been leasing various units in Phoenix Centre from Phoenix Oriental (as lessor) in the past few years. Given that, amongst others, most, if not all, of the existing lease agreements of the Subsidiary Lessees for the year 2022 are expected to be renewed in 2023 in order to meet their respective business and commercial needs and additional leased properties in Phoenix Centre may be required by either existing or new Subsidiary Lessees in 2023, Phoenix Metropolis Communication (in its own capacity as a Subsidiary Lessee and for and on behalf of all other Subsidiary Lessees) entered into the Framework Lease Agreement on 23 December 2022 with the Lessor for a term of one year from 1 January 2023 to 31 December 2023.
