Examples of Property Management Services in a sentence
The Board (including the independent non-executive Directors) considered that the terms of the Property Leasing and Property Management Services Framework Agreement and the transactions contemplated thereunder are on normal commercial terms in the ordinary and usual course of business of the Group, fair and reasonable, and in the interest of the Company and its shareholders as a whole.
On 23 July 2024, the Company entered into the Property Leasing and Property Management Services Framework Agreement with CR Holdings, pursuant to which CR Holdings Group shall provide leased properties and various property management services to the Group for a term commencing on 23 July 2024 and ending on 31 December 2025.
None of the Directors had any material interest in the Property Leasing and Property Management Services Framework Agreement and the transactions and the proposed annual caps contemplated thereunder.
Pursuant to the Property Leasing and Property Management Services Framework Agreement, members of the CR Holdings Group may, from time to time, provide leased properties and/or various property management services (such as property cleaning and security services) to the Group in the Group’s ordinary and usual course of business.
The relevant members of CR Holdings Group and the Group shall enter into separate agreements in respect of the specific lease and/or property management service with reference to the abovementioned pricing principles as set forth in the Property Leasing and Property Management Services Framework Agreement.