Examples of NWS Group in a sentence
The NWS Group is principally engaged in (i) the investment in and/or operation of facilities, construction, transport and strategic investments; and (ii) the development, investment, operation and/or management of power plants, water treatment and waste management plants, roads as well as ports and logistics facilities.
As the Target Company will become an indirect wholly-owned subsidiary of the Company upon completion of the Proposed Acquisition, the continuing transactions entered into or to be entered into between the Group on one side, and each of the Doo’s Associate Group, the NWD Group, the NWS Group, the CTFE Group or the CTFJ Group on the other will respectively become continuing connected transactions of the Company under the Listing Rules.
Dr. Cheng is a member of the Cheng family which holds or controls each of the NWD Group, the NWS Group, the CTFE Group and the CTFJ Group.
Major terms of the 75% Widefaith Sale and Purchase Agreement (1) Consideration As stated in the Letter from the Board contained in the Circular, the consideration was determined after arm’s length negotiation between the parties after taking into account various relevant factors including (i) the assets and liabilities of the Widefaith Group; and (ii) the strategic importance of Hangzhou Ring Road to the NWS Group.
The directors of NWS are of the view that by completing the Acquisitions, the infrastructure portfolio of the NWS Group will be further expanded which will in turn enhance the NWS Group’s sustainable growth in the toll road sector of the PRC.
Attributable operating profit of roads segment rose to approximately HK$1,134.90 million (which accounted for approximately 28% of the total attributable operating profit of the NWS Group) for the year ended 30 June 2011, representing a significant increase of approximately 118% as compared to the previous year.
Given the Disposal Group employed some 13,000 employees, NWS Group is mindful of the risk of massive redundancies which may be required by any new owner of the Disposal Group or as a result of a group reorganisation, especially existing operators and competitors in the market, which would result in adverse publicity to NWS Group’s reputation.
We understand from the management of NWS that, from a strategic perspective, the NWS Group would be in a better position to capitalise on future business opportunities if it can refocus its existing resources and management efforts on its core business segments, including the PRC infrastructure market, construction sector, transportation sector and the management of the Hong Kong Convention and Exhibition Centre (“HKCEC”) and duty free business.
As part of our evaluation, we have reviewed certain historical transactions of NWS Group and of unlisted services companies under listed groups in Hong Kong, which operate in and derive a significant portion of their revenue from similar lines of businesses to the principal subsidiaries of the Disposal Group (the “Reviewed Listed Companies”), from 1 January 2008 to the date of the SP Agreements.
As for the “Financial services” segment, which mainly comprised of the results of Taifook and Tricor Holdings Limited, the AOP is likely to decrease subsequent to the completion in December 2009 of the disposal of approximately 52.86% shareholding interest in Taifook in which NWS Group only maintained the holding of approximately 8.99% shareholding interest.