Examples of HLD Group in a sentence
On 1 December 2014, the Company and Broad Capital Limited, a member of the HLD Group, entered into a master agreement (the “Cleaning Services Agreement”) for a term from 1 December 2014 to 30 November 2017 (inclusive) in relation to the provision of cleaning services to any subsidiary of the Group for fees to be settled on monthly basis.
On 1 December 2014, the Company and HLD entered into a master agreement (the “Gift Certificate Sales Agreement”) for a term from 1 December 2014 to 30 November 2017 (inclusive), pursuant to which HLD Group and its associates may purchase Gift Certificates from any member of the Group, at prices as from time to time quoted or offered for public purchase of the Gift Certificates.
The DMC Managers currently appointed under certain Deeds of Mutual Covenant are members of the HLD Group (such DMC Managers referred to as the “Connected DMC Managers”) and they were so appointed prior to the relevant properties being acquired by the Sunlight REIT Group.
The HLD Group is principally engaged in the business of property development and investment, construction, project management, property management, finance, department store operation and investment holding.
As the Existing Leasing and Licensing Framework Agreement is due to expire, the Company and HLD on 19 April 2023 entered into the New Leasing and Licensing Framework Agreement pursuant to which members of the Group (as tenants or licensees) and members of the HLD Group (as landlords or licensors) may enter into the Leasing and Licensing Transactions during the period from 1 October 2023 to 30 September 2026.
The Company and Broad Capital Limited, a member of the HLD Group and thus a connected person of the Company, entered into a master agreement on 23 June 2017 for a term of three years from 1 December 2017 to 30 November 2020 in relation to the provision of cleaning services to any subsidiary of the Group for fees to be settled on monthly basis (the “Cleaning Services Agreement”).
Framework AgreementWith a view to ensuring that all tenancy and licensing transactions between relevant members of the HLD Group and Citistore HK comply with Chapter 14A of the Listing Rules, the Company entered into the Framework Agreement with HLD on 15 October 2014, which took effect from the Completion Date and is for a term commencing from the Completion Date to 30 September 2023 (both days inclusive).
Pursuant to the Framework Agreement, it was agreed, among other things, that members of the Group may lease and/or license various premises from members of the HLD Group, as they may mutually agree from time to time.
Certain continuing transactions between Citistore HK and the HLD Group and associates of HLD, including the provision of cleaning services to Citistore HK by a subsidiary of HLD and the purchase of gift certificates of department stores or shops which may be redeemed for purchases (“Gift Certificates”) from Citistore HK by members of the HLD Group and its associates, became continuing connected transactions of the Company upon the Completion Date.
Subject matter : The HLD Group may from time to time purchase, from any member of the Group, the Gift Certificates at costs not less than those offered by such relevant members of the Group to other independent third parties.