Examples of HKT Group in a sentence
HKT Group Holdings Limited (the “Company”) was incorporated in the Cayman Islands on January 18, 2008.
In the ordinary course of business, the PCPD Group from time to time enters into transactions with the PCCW Group, which includes the Parent Group and the HKT Group, in relation to procurement of goods and services.
The notes are irrevocably and unconditionally guaranteed by HKT Group Holdings Limited (“HKTGH”) and Hong Kong Telecommunications (HKT) Limited (“HKTL”), both being indirect non-wholly owned subsidiaries of the Company, and rank pari passu with all other outstanding unsecured and unsubordinated obligations of HKTGH and HKTL.
The Group may receive marketing and advertising services from the PCCW Group and the HKT Group, based on prevailing or comparable market rates and prices.
In the event any such action, suit, investigation, inquiry or proceeding is initiated or threatened at any time during the term of this Agreement, Correspondent shall promptly notify ICS in writing and provide it with copies of all relevant documents related thereto.
As PCCW is a substantial shareholder of the Company, PCCW and its associates (hence the PCCW Group Companies, HKT and the HKT Group Companies) are connected persons of the Company under Chapter 14A of the Listing Rules.
The HKT Group currently distributes life insurance products which are manufactured or underwritten by the Group to HKT Group’s customers, through which the HKT Group will receive commissions and the Group will take on the insurance underwriting risk and reward from manufacturing or underwriting such products.
On 23 December 2016, PCPDOL also separately entered into the HKT Group 2016 Master Agreement with HKTL.
On 28 December 2022, PCPDOL also separately entered into the HKT Group 2022 Master Agreement with HKTL.
As some of the relevant percentage ratios for the annual caps of the transactions to be effected pursuant to each of the Parent Group 2019 Master Agreement and the HKT Group 2019 Master Agreement exceed 0.1% but all of them are less than 5%, the transactions thereunder are subject to the reporting, announcement and annual review requirements but are exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.