CR Retail definition
Examples of CR Retail in a sentence
The transactions contemplated under the Framework Agreement will enable the CR Retail Group, its fellow subsidiaries of the Group and the Company to have a sizeable construction service provider.
Given that CR Retail is a substantial shareholder of the Company and CR Care is an associate of CR Retail and ▇▇.
As mentioned in such announcement, the annual caps for the charges for the provision of construction, incidental design and construction management services by CR Construction and its associates to the CR Retail Group, its fellow subsidiaries of the Group and the Company under the Framework Agreement for the three years ending 31 December 2012 were set at HK$426 million, HK$540 million and HK$540 million, respectively.
When the Escrow Agent receives a written certification, the Escrow Agent shall distribute to CR Retail, CR Resi, or both (as appropriate) the amount of funds from the Escrow to pay the certified invoice.
The CR Group (either CR Retail or CR Resi, or both) and the Preserve Biologist will submit a monthly written certification to Escrow Agent, certifying that the portion of Year 1 Work and related invoice undertaken in that month were completed in compliance with the Permit requirements.
CR Retail is principally engaged in retail businesses and CR Construction is principally engaged in the provision of various construction services and sales of construction materials.
As at the date of this announcement, CR Care is a wholly-owned subsidiary of CR Pharmaceutical which is the holding company owning 100% equity of CR Retail, CR Care is thus, an associate of CR Retail, a substantial shareholder of the Company holding approximately 18.99% of the issued shares of the Company.
As mentioned in such announcement, CR Retail (a wholly-owned subsidiary of the Company) and CR Construction (a wholly-owned subsidiary of CR Land) entered into the Framework Agreement on 6 July 2010 in relation to the provision of construction, incidental design and construction management services by CR Construction and its associates to the CR Retail Group, its fellow subsidiaries of the Group and the Company for the period commencing from the date of the Framework Agreement to 31 December 2012.
The aggregate charges for the provision of construction, incidental design and construction management services by CR Construction and its associates to the CR Retail Group, its fellow subsidiaries of the Group and the Company under the Framework Agreement for the two years ended 31 December 2010 and for the five months ended 31 May 2011 were approximately HK$8,700,000, HK$3,176,000 and HK$312,202,000, respectively.