Examples of Eagle Group in a sentence
The Great Eagle Group, on the other hand, focuses on further capitalizing on its resources and expertise in developing its hotel management services operations and brand building.
These business relationships and the fact that some of the Directors and senior management members also hold directorships and/or roles in the Great Eagle Group might give rise to potential conflicts of interests between the Group and the Great Eagle Group.
Great Eagle Group provides certain administrative and non-management services to the Trust Group, which include but not limited to, legal and corporate secretarial support, finance, accounting and taxation support, human resources support, information technology support, internal audit support and general office administrative support on a cost-sharing basis under the Administrative Support Services Agreement.
Notwithstanding that Dr. Lo Ka Shui and Mr. Lo Chun Him, Alexander, Directors of the Trustee-Manager and the Company, are also directors of the Great Eagle Group, given adequate corporate governance measures are in place, the four remaining members of the Trustee-Manager Board and the Company Board would have sufficient expertise to manage the Trust Group in the event that Dr. Lo and Mr. Lo are required to abstain from voting on matters relating to the Great Eagle Group.
Prior to joining the Great Eagle Group in 2010, he had worked at Citibank’s investment banking division with a focus on Hong Kong’s market.
It should be noted that the number of distribution waiver units will be reduced to 50 million Share Stapled Units for the financial year 2017, and all of the holdings of Share Stapled Units of Great Eagle Group will be entitled to receive distribution payable from 2018 onward.
Accordingly, the Langham Hospitality Group, which is a part of the Great Eagle Group, is the associate of Mr. Lo and therefore a connected person of the Company under the Listing Rules.
LANGHAM HOSPITALITY INVESTMENTSGovernance and Compliance Business Relationship with Great EagleApart from the parent-subsidiary relationship, the Trust Group maintains close business ties with the Great Eagle Group, which are governed by various formal agreements being entered into between the two groups.
By virtue of Mr. Lo’s interest in the Great Eagle Group as set out above, the Master Agreement and the transactions contemplated under the Master Agreement also constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.
In addition, the Trust Group has established various corporate governance measures to address any potential conflict of interest of the common Directors of the Trust Group and the Great Eagle Group.