Examples of SOL in a sentence
Accordingly, the Dalian Group is a connected person of SOL pursuant to Rules 14A.11(5) and 14A.11(6) of the Listing Rules and the provision of the Management Services by Shanghai SOD to the Dalian Onshore Group under the Original Agreement as supplemented by the Renewed Management Services Agreement constitutes continuing connected transactions of SOL.
At the date of this announcement, the Dalian Group is effectively held as to 48% by SOL, 22% by SOCAM and 30% by Xxxx.
In addition, as the companies constituting the Dalian Group are the subsidiaries of SOL for the purposes of the Listing Rules, and Max Clear and Yida are connected persons of SOL by virtue of being the substantial shareholders of Richcoast, the engagement by the Dalian Onshore Group of the Management Services from Max Clear and Yida under the Original Agreement as supplemented by the Renewed Management Services Agreement also constitutes continuing connected transactions of SOL.
The SOL Group engages principally in the development, sale, leasing, management and long-term ownership of high-quality residential, office, retail, entertainment and cultural properties in the PRC.
Xx. Xx, being the controlling shareholder and a director of both SOL and SOCAM, has a material interest in the Renewed Management Services Agreement and the Continuing Connected Transactions contemplated thereby, and has abstained from voting on the relevant resolutions passed by the respective boards of directors of SOL and SOCAM as required under the Listing Rules.