Examples of Guangdong Yuehai Land in a sentence
It is also expected that Teem Management Co will start to provide property management services to all properties on the relevant premises in 2022, such that Guangdong Yuehai Land will also start to pay the abovementioned management fees in 2022.
Guangdong Yuehai Land is an indirectly wholly-owned subsidiary of the Company, and is principally engaged in the property development and investment businesses in the PRC.
Guangdong Yuehai Land is an indirect wholly-owned subsidiary of the Company, and is principally engaged in the property development and investment businesses in the PRC.
Based on the specifications and thickness of the stone materials in construction plans approved by the relevant authorities and the market price of stone materials of similar quality, the current Materials Tentative Fees determined by China Construction Shenzhen and Guangdong Yuehai Land for the stone materials is RMB21,381,105.26 (equivalent to approximately HK$25,923,000).
The procurement of stone materials for the Office Tower Fitting-out Work shall be determined jointly by China Construction Shenzhen and Guangdong Yuehai Land through independent tender.
THE AGREEMENTS - B.1 Office Tower Fitting-out Work Agreement - Consideration and basis of determination of consideration - (iii) Materials Tentative Fees”, the consideration is a current tentative price determined by China Construction Shenzhen and Guangdong Yuehai Land, and the specific payment method and amount will be determined and adjusted (if any) in a separate tender.
As the Office Tower Fitting-out Work Agreement and the Commercial Shopping Buildings Fitting-out Work Agreement were both agreements entered into between Guangdong Yuehai Land and the China State Construction Group regarding the fitting-out work in respect of the relevant land within twelve months, the Office Tower Fitting-out Work Agreement and the Commercial Shopping Buildings Fitting-out Work Agreement (the “Transactions”) are aggregated pursuant to Rule 14.22 of the Listing Rules.
Furthermore, on 8 April 2021, Guangdong Yuehai Land (a wholly-owned subsidiary of the Company) entered into the Commercial Shopping Buildings Fitting-out Work Agreement with CCEED Decoration in relation to the Commercial Shopping Buildings Fitting-out Work of the Southern Land at the consideration of RMB44,174,127.79 (equivalent to approximately HK$53,557,000), subject to adjustments (if any) as set out below.
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During the year under review, the relevant total service fees paid by Guangdong Yuehai Land to Teem Management Co were approximately RMB3,437,000 (equivalent to approximately HK$4,140,000) (2021 annual cap: RMB4,000,000 (equivalent to approximately HK$4,754,000)).