Common Contracts
1 similar null contracts
CONTINUING CONNECTED TRANSACTIONS IN RELATION TO THE SALE OF FABRICS TO THE TORAY GROUPMay 16th, 2019
On 30 March 2021, the Company and Toray entered into the Master Agreement in relation to the sale of fabrics manufactured or owned by the Group to the Toray Group on normal commercial terms and subject to and upon the terms and conditions contained in the purchase orders to be agreed between the relevant parties for a term of three years commencing from 1 April 2021 and ending on 31 March 2024. As at the date of this announcement, Toray is a substantial shareholder of the Company, holding approximately 28.73% of the issued share capital of the Company, and hence is a connected person of the Company. Accordingly, the transactions contemplated under the Master Agreement constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As one or more of the applicable percentage ratios in respect of the proposed annual caps for the three years ending 31 March 2024 for the transactions contemplated under the Master Agreement exceed 0.1% but all the applica
