INFORMATION ABOUT THE PARTIES. Information about the Company The Company is a pioneer and a dedicated finance lease company in serving technology and new economy companies in China. As the sole finance lease platform under Zhongguancun Development Group Co., Ltd. ( 中關村發展集團股份有限公司), the Company offers efficient finance lease solutions and a variety of advisory services to satisfy technology and new economy companies’ needs for financial services at different stages of their growth. The Company’s finance lease solutions primarily take the form of direct lease and sale-and-leaseback. The Company also delivers a variety of advisory services, including policy advisory and management and business consulting, to help its customers achieve rapid growth. Information about the Factoring Bank The Factoring Bank is a joint stock bank which is principally engaged in banking and related financial services.
INFORMATION ABOUT THE PARTIES. Information about the Company The Company is a pioneer and a dedicated finance lease company in serving technology and new economy companies in China. As the sole finance lease platform under Zhongguancun Development Group Co., Ltd. ( 中關村發展集團股份有限公司), the Company offers efficient finance lease solutions and a variety of advisory services to satisfy technology and new economy companies’ needs for financial services at different stages of their growth. The Company’s finance lease solutions primarily take the form of direct lease and sale-and-leaseback. The Company also delivers a variety of advisory services, including policy advisory and management and business consulting, to help its customers achieve rapid growth. Information about the Factoring Bank The Factoring Bank is a joint stock bank which is principally engaged in banking and related financial services. LISTING RULES IMPLICATIONS As the highest applicable percentage ratio of the Factoring Agreement is higher than 5% but lower than 25%, the transactions contemplated thereunder constitute a discloseable transaction of the Company and are subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.
INFORMATION ABOUT THE PARTIES. The Group The Company is incorporated in the Cayman Islands with limited liability and its shares are listed on the Stock Exchange. As at the date of this announcement, approximately 59.55% of the shares issued by the Company are indirectly held by CRH which in turn is ultimately owned by CRCL, a state-owned enterprise in the PRC under the supervision of the SASAC. The Group is principally engaged in development of properties for sale, property investments and management, hotel operations and the provision of construction, decoration services and other property development related services in the PRC. CRSZ, an indirect wholly-owned subsidiary of the Company, is a company incorporated in the PRC with limited liability and is principally engaged in the business of property development, property leasing, hotel management and operation of sports stadium. The Lessors Each of the Lessors is a company incorporated in the PRC with limited liability and is an indirect wholly-owned subsidiary of CRH. Each of the Lessors are principally engaged in the business of investment holding. Lessor 1 is the investor and developer of CR Financial Tower where Lessor 2 is the investor and developer of the China Resources Tower. IMPLICATIONS UNDER THE LISTING RULES As at the date of this announcement, approximately 59.55% of the shares issued by the Company are indirectly held by CRH. CRH is the controlling shareholder of the Company and therefore a connected person of the Company. As the Lessors are the indirect wholly-owned subsidiaries of CRH, the entering into of the Lease Agreements constitute connected transactions of the Company under Chapter 14A of the Listing Rules. In accordance with HKFRS 16 “Leases”, the Company will recognise the value of the right-of-use assets on its consolidated statement of financial position in connection with the lease of the Properties under the Lease Agreements. Accordingly, the transactions under the Lease Agreements will be regarded as acquisitions of right-of-use assets by CRSZ which will constitute one-off connected transactions for the Company under Chapter 14A of the Listing Rules. The aggregate unaudited value of the right-of-use assets to be recognised by the Company under the Lease Agreements amounts to approximately RMB256,963,000 (comprising approximately RMB211,492,000 under The CR Financial Tower Lease Agreement, and approximately RMB45,471,000 under The China Resources Tower Lease Agreement), which is the present value of the to...
INFORMATION ABOUT THE PARTIES. The Group is principally engaged in leveraged foreign exchange and other trading, while the provision of cash dealing and securities trading referral services also form part of the Group’s business model. Banclogix is principally engaged in the provision of information technology services and is wholly owned by KVB Holdings which is principally engaged in investment holding and is owned as to 75% of its equity interest by Xx. Xx, a non-executive Director, and 25% of its equity interest by the Administrators. KVB Holdings holds approximately 14.75% of the issued share capital of the Company as at the date of this announcement. LISTING RULES IMPLICATIONS As at the date of this announcement, Banclogix is a wholly-owned subsidiary of KVB Holdings, which is a substantial shareholder of the Company, and is therefore a connected person of the Company under Chapter 14A of the Listing Rules. Accordingly, the Information Technology Services Agreement as amended by the Second Supplemental Agreement constitutes a continuing connected transaction of the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.81 of the Listing Rules, the transactions contemplated under the Information Technology Services Agreement as amended by the Second Supplemental Agreement are required to be aggregated with the transactions under the Software Licence Agreement (which is also a continuing connected transaction with Banclogix) as they were entered into within a 12-month period. As one or more of the applicable percentage ratio(s) (as defined in Rule 14.07 of the Listing Rules) exceeds 5% and the total consideration exceeds HK$10,000,000, the transactions contemplated constitute non-exempt continuing connected transactions of the Company and are subject to the reporting, announcement, annual review and Shareholders’ approval requirements under Chapter 14A of the Listing Rules. KVB Holdings and its associates are required to abstain from voting on the resolution of the EGM for approving the Second Supplemental Agreement and the Revised Aggregate Annual Caps. Saved as mentioned above and below, to the best of the Directors’ knowledge and belief, no other Director or Shareholder has any material interest in the transactions and therefore will be required to abstain from voting on the relevant resolutions at the EGM. The Directors have established the Independent Board Committee comprising three independent non-executive Directors, namely Xx. XXXX Xxxxxx, Xx. Xxxxxxxx Xxxxxxx...
INFORMATION ABOUT THE PARTIES. BCL is a limited company incorporated in the British Virgin Islands and principally engaged in investment holding and consultancy services. BCL is directly wholly-owned by Xx. Xxx. The Company is incorporated in Bermuda with limited liability, the shares of which are listed on the main board of the Stock Exchange. The principal business of the Group is engaged in trading of construction materials, mainly pipes and fittings in Hong Kong and Macau.
INFORMATION ABOUT THE PARTIES. Information about the Company The Company is a company established in the PRC in 1984 and converted into a joint stock limited company on 28 September 2015. The principal business of the Company includes providing comprehensive leasing services to high-quality customers in industries including aviation, infrastructure, shipping, inclusive finance, new energy and high-end equipment manufacturing. Information about the Factoring Bank The Factoring Bank is a large state-owned bank incorporated in the PRC in 2007. Its principal business is the provision of banking and related financial services. LISTING RULES IMPLICATIONS Pursuant to Rule 14.22 of the Listing Rules, as the highest applicable percentage ratio of the transaction under Factoring Agreement is higher than 5% but lower than 25%, the transaction under Factoring Agreement constitutes a discloseable transaction of the Company and is subject to the relevant announcement requirement under Chapter 14 of the Listing Rules, but is exempt from the shareholders’ approval requirement.
INFORMATION ABOUT THE PARTIES. Information about the Company The Company is a pioneer and a dedicated finance lease company in serving technology and new economy companies in China. As the sole finance lease platform under Zhongguancun Development Group Co., Ltd. ( 中關村發展集團股份有限公司), the Company offers efficient finance lease solutions and a variety of advisory services to satisfy technology and new economy companies’ needs for financial services at different stages of their growth. The Company’s finance lease solutions primarily take the form of direct lease and sale-and-leaseback. The Company also delivers a variety of advisory services, including policy advisory and management and business consulting, to help its customers achieve rapid growth. Information about the Factoring Bank The Factoring Bank is a joint stock bank which is principally engaged in banking and related financial services. It is a branch of China Everbright Bank Co. Ltd., the shares of which are listed on the Shanghai Stock Exchange (stock code: 601818).
INFORMATION ABOUT THE PARTIES. The Lessee Liancheng Huazhuo, as the lessee, is an indirectly wholly-owned subsidiary of the Company. The Company is a leading designer brand fashion house based in China. The Group designs, promotes and sells contemporary apparel, footwear and accessories for women, men, children and teenagers as well as household products. Brand portfolio of the Group currently comprises six brands – (i) JNBY, (ii) CROQUIS, (iii) jnby by JNBY, (iv) less, (v) Pomme de terre and (vi) JNBYHOME, each targeting at a distinct customer segment and having a uniquely defined design identity based on the Group’s universal brand philosophy – “Just Naturally Be Yourself”. The Lessors Both of Xx. Xx Xxxx and Xx. Xxxx Xx are the Lessors to the New Lease Agreement as they jointly own the Premise. Xx. Xx Xxxx is an executive Director and a brother of Xx. Xx Xxx, an executive Director and one of the Controlling Shareholders. Xx. Xxxx Xx is the spouse of Xx. Xx Xxxx. Both of Xx. Xx Xxxx and Xx. Xxxx Xx are connected persons of the Company. PROPOSED REVISION OF ANNUAL CAPS Taking the New Lease Agreement into account, it is expected that the existing annual caps of the Transactions will be unable to cover the Group’s demand, and the Board therefore proposes that the existing annual caps be revised for the years ending June 30, 2018 and June 30, 2019. The revised annual caps will become effective upon the date of the Board’s approval. The revised annual caps were determined after taking into account: (i) the existing annual caps for the Leases with Founder Entities for the years ending June 30, 2018 and June 30, 2019; and (ii) the rent under of the New Lease Agreement. The Board has proposed to revise the existing annual caps to the revised annual caps as follows: For the year ending June 30, 2018 2019 (RMB) (RMB) Existing annual caps 11,397,755.08 11,967,642.84 Proposed annual caps for the New Lease Agreement 170,000.00 224,400.00 Revised annual caps 11,567,755.08 12,192,042.84 LISTING RULES IMPLICATIONS Xx. Xx Xxxx, one of the Lessors, is an executive Director and a brother of Xx. Xx Xxx, an executive Director and one of the Controlling Shareholders, and hence a connected person of the Company. Xx. Xxxx Xx, the other one of the Lessors, is the spouse of Xx. Xx Xxxx, an executive Director, and hence an associate of Xx. Xx Xxxx and a connected person of the Company. Accordingly, the New Lease Agreement entered into between Liancheng Huazhuo, an indirectly wholly-owned subsidiary of the Compa...
INFORMATION ABOUT THE PARTIES. Shandong Xiwang Sugar Group is a leading provider of starch sugars, principally engaged in corn processing business with a focus on the production of starch sugars and corn co-products in the PRC, and the distribution and the sale of such products within and outside the PRC. Its products mainly include crystalline glucose, crystalline fructose, crystalline fructose-glucose, fructose-glucose syrup, corn gluten meal, corn gluten feed, corn germ, corn starch, sodium gluconate and maltodextrin. Most of these are functional ingredients which are mainly applied to food and beverage, fermentation, pharmaceutical, chemical, animal feed and construction industries. The Group is a leading high-end special steel manufacturer located in Shandong Province of the PRC. Our products consist of ordinary steel that is primarily used in buildings and infrastructures, as well as special steel that is used in automobile, shipbuilding, chemical and petrochemical, machinery and equipment sectors.
INFORMATION ABOUT THE PARTIES. Borrower (Party A): Fujian Yada Group Co., Ltd. Address: Shuinan Gongye Road, Songxi County Post Code: 353500 Legal Representative (Person-in-charge): Zhan Youdai Fax: 0000000 Tel: 0000000 Lender (Party B): China Construction Bank Corporation Limited Songxi Sub-branch Address: 000 Xxxxxxx Xxxxxx, Xxxxxxxx Xxxx, Xxxxxx Xxxxxx Post Code: 353500 Person-in-charge: Ou Wenbin Fax: 0000-0000000 Tel: 0000-0000000
