Examples of Construction Works in a sentence
As none of the Directors has any material interest in the Construction Works Agreements (TJ6- TJ9 and LM Bid Sections) and the transactions contemplated thereunder, none of the Directors was required to abstain from voting on the Board resolutions approving the Construction Works Agreements (TJ6-TJ9 and LM Bid Sections) and the transactions contemplated thereunder.
The Construction Works Agreement (LM Bid Section) therefore constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules.
The Directors (including the independent non-executive Directors) have approved the Construction Works Agreement (LM Bid Section) and confirmed that the terms thereunder are fair and reasonable, the transaction is on normal commercial terms, and the entering into of the Construction Works Agreement (LM Bid Section) is in the ordinary and usual course of business of the Group and in the interest of the Company and its Shareholders as a whole.
Bid Section) As the highest applicable percentage ratio in respect of the transactions contemplated under the Construction Works Agreement (LM Bid Section) exceeds 25% but is less than 100%, the entering into of and the transactions contemplated under the Construction Works Agreement (LM Bid Section) constitute a major transaction of the Company and are subject to the reporting, announcement and Shareholders’ approval requirements under Chapter 14 of the Listing Rules.
By reason of the aforesaid, pursuant to Rule 14A.101 of the Listing Rules, the Construction Works Agreement (LM Bid Section) will only be subject to the reporting and announcement requirements, but exempt from the circular, independent financial advice and Shareholders’ approval requirements under Chapter 14A of the Listing Rules.