INFORMATION ON THE PARTIES. 4.1. The Group and the Tenant The principal activities of the Group are the operation and management of a network of department stores in the PRC. The Tenant is an indirect wholly-owned subsidiary of the Company mainly participating in retail business.
INFORMATION ON THE PARTIES. The Company The principal activity of the Company is investment holding, and the Group is one of the leading meat product suppliers in the PRC primarily engaging in the slaughtering, production, and sale of chilled and frozen pork and processed meat products with a particular focus on pork products in the PRC.
INFORMATION ON THE PARTIES. Information on the Group The Company is a joint stock limited company incorporated in the PRC and the H shares and A shares of which are listed on SEHK and SZSE respectively. The Group is principally engaged in the design, development, production, distribution and installation of a broad range of advanced ICT-related solutions, systems, equipment and terminals, including carriers’ networks, government and corporate business and consumer business. Information on Vanke and Vanke Real Estate Vanke Real Estate is a company established in the PRC and a subsidiary of Vanke. Vanke is a joint stock company established under the laws of the PRC, the H shares of which are listed on SEHK (stock code: 2202) and the A shares of which are listed on SZSE (stock code: 000002). Vanke Real Estate is principally engaged in the development business of real estate. To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, Vanke Real Estate and its ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. IMPLICATIONS UNDER THE HONG KONG LISTING RULES As one or more applicable percentage ratios calculated in accordance with the Hong Kong Listing Rules in respect of the sale of the Available-for-sale Properties by the Company and the transfer of the operation right of the Entrusted Properties by the Company to Vanke Real Estate under the Framework Agreement, in aggregate, exceed 5% but are less than 25%, the transactions under the Framework Agreement constitutes a discloseable transaction of the Company which is subject to the reporting and announcement requirements but exempt from the shareholders’ approval requirements under Chapter 14 of the Hong Kong Listing Rules. IMPLICATIONS UNDER THE SHENZHEN LISTING RULES AND EGM Pursuant to the Shenzhen Listing Rules, the transactions contemplated under the Framework Agreement are subject to the approval of the Shareholders at a general meeting of the Shareholders. Therefore, a resolution will be proposed at the EGM to be held on Wednesday, 28 March 2018 for the Shareholders to consider, and if thought fit, approve the Framework Agreement and the transactions contemplated thereunder. A supplementary notice of the EGM, together with the revised proxy form, will be despatched to the H Shareholders on 13 February 2018.
INFORMATION ON THE PARTIES. 1. The Group is principally engaged in gold exploration, mining, ore processing and smelting, and processing and sales of by-products in the PRC.
INFORMATION ON THE PARTIES. The Company is a company incorporated in Bermuda with limited liability and is an investment holding company operating its business through its subsidiaries. The Group is principally engaged in the development, investment, operation and management of solar power plants and other renewable energy projects. Yantai Jishun is a company established in the PRC with limited liability and an indirect non wholly-owned subsidiary of the Company. Xxxxxx Xxxxxx is principally engaged in development, investment, operation and management of photovoltaic power plant projects. Shenzhen Jingneng Leasing is a limited liability company established in the PRC with limited liability and a subsidiary of BEH. Shenzhen Jingneng Leasing primarily provides financial lease services to the public and members of the BEH group. BEH is a company established in the PRC with limited liability which principally engages in the businesses of generation and supplying of electricity and heat, production and sale of coal and development of real estate. It is a state-owned company in the PRC indirectly wholly owned by the State-owned Assets Supervision and Administration Commission of People’s Government of Beijing Municipality. BEH is the controlling shareholder of the Company, indirectly holding approximately 32% of the issued share capital of the Company. Therefore, BEH is a connected person of the Company under the Listing Rules.
INFORMATION ON THE PARTIES. The Company The Company is a diversified independent power producer in Asia in terms of fuel type and geography, with a portfolio of gas-fired, coal-fired, oil-fired, wind, solar, hydro, cogen and fuel cell power generation projects in the PRC and Korea. Gansu CGN Wind Power （中廣核風力發電有限公司） Gansu CGN Wind Power is a company established in the PRC and a non-wholly-owned subsidiary of CGN Wind Energy. To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, as at the date of this announcement, the equity interest of Gansu CGN Wind Power is owned as to approximately 25% and 75% by CGN Wind Energy, a non-wholly owned subsidiary of CGN, and CGN Wind Power Company Limited , a non-wholly-owned subsidiary of CGN, respectively. Gansu CGN Wind Power is principally engaged in technical consulting and services in the construction, operation and maintenance of wind power projects, as well as operation and maintenance, maintenance and repairs of power engineering and power plants. For details of its ultimate beneficial owners, please refer to paragraphs headed “CGN Wind Energy” and “CGN Wind Power Company Limited” below of this announcement. CGN Wind Energy （深圳中廣核風太投資有限公司） CGN Wind Energy is a non-wholly owned subsidiary of CGN incorporated in the PRC. As at the date of this announcement, CGN Wind Energy is owned as to approximately 63.6% by CGN and approximately 36.4% by Shenzhen CGN Fengtai Investment Co., Ltd.* , respectively. It is principally engaged in the development and operations of wind power plants in the PRC. For details of its ultimate beneficial owners, please refer to paragraphs headed “CGN” and “Shenzhen CGN Fengtai Investment Co., Ltd.*” below of this announcement. （中廣核風力發電有限公司） CGN Wind Power Company Limited 公 司 ） （ 中 廣 核 風 力 發 電 有 限 CGN Wind Power Company Limite d is a non-wholly owned subsidiary of CGN established in the PRC. To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, as at the date of this announcement, CGN Wind Power Company Limited （中廣核能源開發有限責任公司） is owned as to approximately 84.25% by CGN Wind Energy and approximately 15.75% by CGN Energy Development Co., Ltd. , a wholly-owned subsidiary of CGN, respectively. It is principally engaged in the research and development, construction and management of wind power projects, provision of consultation services in relation to wind power projects, technical consultation, technical training, technology tr...
INFORMATION ON THE PARTIES. The Company is a joint stock company established under the laws of the PRC with limited liability on March 1, 1997, the H Shares of which are listed on the Main Board of the Stock Exchange. It is principally engaged in investing in, developing and operating high-grade roads in the PRC. The Group also carries on certain other businesses such as securities brokerage, investment banking, asset management, margin financing and securities lending through Zheshang Securities Co., Ltd.. ZJIC is a 55.08% owned subsidiary of Communications Group which is established under the laws of the PRC. ZJIC is principally engaged in the planning, research, surveying and mapping, design, consulting, engineering procurement construction and engineering test detection of infrastructure projects in fields of expressways, water transport, municipal engineering, rail transit, architecture, water conservancy and ecological environmental protection. LISTING RULES IMPLICATIONS As at the date of this announcement, Communications Group holds approximately 67% of the issued share capital of the Company and is a controlling shareholder of the Company. As at the date of this announcement, ZJIC, as a 55.08% owned subsidiary of Communications Group, is a connected person of the Company and as a result, the transactions contemplated under the Project Improvement Agreements constitute connected transactions of the Company under Chapter 14A of the Listing Rules. Pursuant to Rule 14A.81 and Rule 14A.82 of the Listing Rules, the respective transactions contemplated under the Project Improvement Agreements and the Previous Transactions were entered into or completed within a 12-month period with ZJIC, a connected person of the Company, the transactions contemplated under the Project Improvement Agreements and the Previous Transactions are required to be aggregated for the calculation of the relevant percentage ratio to determine the classification of the transactions contemplated under the Project Improvement Agreements. The Previous Transactions refer to a total of 24 transactions entered into or completed within a 12-month period prior to the date of this announcement between the Group and ZJIC in relation to the provision of surveying and design services, which consist of the Project Design Contract (as defined and disclosed in the announcement of the Company dated February 17, 2022), the Project Contracts (as defined and disclosed in the announcement of the Company dated June 30, 2022) and 19...
INFORMATION ON THE PARTIES. Information on the Company The Company is incorporated in Singapore with limited liability and its issued Shares were initially listed on the Main Board of the Stock Exchange on 12 February 2018. The Company is an investment holding company and its subsidiaries operate and manage two adjacent river ports, which are located in Changshu City in Jiangsu Province along the southern bank of the Changjiang River in the PRC. Both of the Group’s ports are multi-purpose ports, and the Group handles a range of cargo types including pulp and paper cargo, steel cargo (such as cold and hot rolled coils), steel plates and galvanised coils, logs, project equipment (such as train carriages), long steel pipes and windmill blades, containers, and other general cargo (such as borax cargo, marble and sodium sulphur). Information on CXP CXP is an indirect non-wholly owned subsidiary of the Company and is owned as to 95% by SCDC and 5% by JCED. Information on CCIP CCIP is an indirect non-wholly owned subsidiary of the Company and is owned as to 90% by CXP and 10% by CBUC. Information on COSAC COSAC is held as to 35% by CEDG, 45% by COSAS and 20% by the labour union of COSAC (each of COSAS and the labour union of COSAC is an Independent Third Party). COSAS is ultimately wholly owned by China COSCO Shipping Corporation Limited, a stated-owned enterprise which is principally engaged in international shipping, terminal and port investment, freight forwarding, international maritime auxiliary services and import of goods and technologies. CEDG is ultimately held as to 90.9% by JCED, which is principally engaged in carrying out economics research and development, promoting foreign economic and technological cooperation, project development and infrastructure construction, and 9.1% by an Independent Third Party. As JCED holds a 68.8% equity interest in CBUC, which in turn holds a 10% equity interest in CCIP, a subsidiary of the Company, COSAC is CBUC’s associate and is, therefore, a connected person of the Company under the Listing Rules. COSAC is a domestic and international shipping agency, principally engaged in general cargo and containers custom declaration and signing of bill of lading. Information on CSLC CSLC is directly held as to 50% by COSAC and 50% by COSAS. Accordingly, CSLC is an associate of a connected person of the Company and is, therefore, a connected person of the Company under the Listing Rules. CSLC is principally engaged in freight forwarding and third parties l...
INFORMATION ON THE PARTIES. The principal business activities of the Group, which is based in the PRC, are the manufacture and sale and distribution of compound chemical and biological drugs for use in the animal healthcare industry in Hong Kong and the PRC. The principal business activities of Shijiazhuang Maidisen Animal are technical development, consultation and service in relation to animal healthcare products; and lease of properties. The principal business activities of Beijing Haichenruian are technical development, transfer, consultation and services; sale of self-developed products; lease of self-owned offices; and investment.
INFORMATION ON THE PARTIES. The Company and the Group The Company is an investment holding company. The principal activities of the Company and its subsidiaries are the undertaking of construction projects in Hong Kong, the PRC and the Middle East and environmental and waste management and marine engineering. Build King Construction, as a wholly-owned subsidiary of the Company, is a company incorporated under the laws of the United Kingdom with limited liability. It is principally engaged in undertaking all types of construction works in the private and public sectors in Hong Kong. Road King Road King is an investment holding company. The principal activities of Road King and its subsidiaries, including Power Truth Development, are investment in development, operation and management of toll roads, expressways and property development projects in the PRC. Xxx Xxx Xxx Xxx (the holding company of the Company) is an investment holding company and is principally engaged in construction, toll road, property development, construction materials and quarrying. The Company is a non-wholly owned subsidiary of Xxx Xxx and Power Truth Development is an associate of Xxx Xxx. REASONS FOR THE CONNECTED TRANSACTION The Group has vast experience and track record of carrying out the construction works required under the Articles of Agreement. As the activities under the Articles of Agreement form an integral part of the core business of the Group, the Directors consider that the opportunity to engage in such activities by utilising its existing strengths on normal commercial terms can contribute to the financial performance of the Group. The terms of the Articles of Agreement were arrived at after arm’s length negotiations between the parties. Taking into account the above, the Directors (excluding the independent non-executive Directors whose opinion will be given after receiving advice from the Independent Financial Adviser) are of the view that the transactions contemplated under the Articles of Agreement are on normal commercial terms and are in the ordinary and usual course of business of the Group, and the terms of the Articles of Agreement are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
