INFORMATION OF THE GROUP. The Group is principally engaged in the provision of high quality and comprehensive range of liquid petrochemical terminal and storage services in the PRC. Ningbo Ningxiang is an indirect jointly controlled entity of the Company.
INFORMATION OF THE GROUP. The Group is principally engaged in the manufacture and sale of liquid crystal display products including touch panel products and electronic consumer products including compact camera module, personal health care products and electrical devices.
INFORMATION OF THE GROUP. The Group is principally engaged in software development and provision of systems integration services relating to the media and non-media industries including financial institutions, enterprises and government departments. The Group purchases information hardware products for its customers in order to establish computer systems. It also provides software and hardware solutions to its customers as well as for use in its software development business. INFORMATION ON PEKING FOUNDER GROUP Peking Founder Group is principally engaged in securities trading and brokerage; the information technology industry, including software and system development for the publishing sector and various government bureaus and financial institutions and hardware manufacturing for personal computers, chips, circuit boards and other terminal equipment; and healthcare and pharmaceutical industry, including hospitals, pharmaceuticals, logistics, equipment leasing and hospital management. LISTING RULES IMPLICATIONS Peking Founder is the controlling shareholder of the Company indirectly holding approximately 30.60% of the issued share capital of the Company, and thus a connected person of the Company for the purposes of the Listing Rules. Accordingly, the transactions contemplated under the New Master Sales Agreement will constitute continuing connected transactions for the Company pursuant to Chapter 14A of the Listing Rules. As one or more of the applicable percentage ratios pursuant to Rule 14.07 of the Listing Rules is more than 5%, the entering into of the New Master Sales Agreement and the transactions contemplated thereunder by the Company constitute non-exempt continuing connected transactions for the Company under the Listing Rules and are subject to the annual review, reporting and announcement requirements under the Listing Rules. In addition, both the New Master Sales Agreement and its proposed annual caps are subject to the approval by the Independent Shareholders under the Listing Rules. Although the Master Sales Agreement expired on 31 December 2015, no transaction will be undertaken pursuant to the New Master Sales Agreement unless and until Independent Shareholders’ approval will have been obtained at the SGM.
INFORMATION OF THE GROUP. The Group is principally engaged in the distribution of information products in Hong Kong and the PRC, property development and property investment in the PRC.
INFORMATION OF THE GROUP. The Group is principally engaged in the manufacture of its Xxxx Xxxx watches, the retail sales of its Xxxx Xxxx and Balco watches, retail sales of other brands watches in the PRC, design, manufacture and global distribution of certain owned and licensed international brands of watches, and the ancillary trading of watch movements business.
INFORMATION OF THE GROUP. The Group is principally engaged in the developing and manufacturing of polyester filament yarns and 3D printing filaments, the provisions of dyeing services of differentiated polyester filament fabric and trading of polyester filament yarn products in the PRC. LISTING RULES IMPLICATIONS Pursuant to Rule 14.22 of the Listing Rules, the relevant applicable percentage ratios of the investment amounts under the First Asset Management Agreement and the Second Asset Management Agreement are required to be aggregated. As one or more of the applicable percentage ratios in respect of the First Asset Management Agreement and the Second Asset Management Agreement are, in aggregate, more than 5% but less than 25%, the Second Asset Management Agreement and the transactions contemplated thereunder constitute discloseable transactions of the Company and are subject to the reporting and announcement requirements, but exempt from the shareholders’ approval requirement under Chapter 14 of the Listing Rules.
INFORMATION OF THE GROUP. The Group is a financing service provider in Hong Kong mainly providing secured financing, including pawn loans and mortgage loans under the provisions of the Pawnbrokers Ordinance and the Money Lenders Ordinance. Oi Wah CL, as the lender of the Loan, is an indirect wholly-owned subsidiary of the Company. REASONS FOR THE ENTERING INTO OF THE LOAN AGREEMENT Having taken into account the principal business activities of the Group, the grant of the Loan to the Customer is in the ordinary and usual course of business of the Group. The terms of the Loan Agreement were negotiated on an arm’s length basis among the Co- Lenders and the Customer. The Directors consider that the grant of the Loan is financial assistance provided by the Company within the meaning of the Listing Rules. The Directors are of the view that the terms of the Loan Agreement were entered into on normal commercial terms based on the Company’s credit policy. After having taken into account the satisfactory financial background of the Customer and that a stable revenue and cashflow stream from the interest income is expected, the Directors consider that the terms of the Loan Agreement are fair and reasonable and the entering into of the Loan Agreement is in the interests of the Company and its shareholders as a whole. LISTING RULES IMPLICATIONS As one or more of the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the amount of the Loan granted to the Customer exceeds 5% but is less than 25%, the grant of the Loan constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules. Pursuant to Rule 14.58(2) of the Listing Rules, the identity of the Customer and the Mortgagor is required to be disclosed. Since (i) the granting of the Loan is not regarded as a material transaction of the Company as compared to the Company’s overall financial position; (ii) the Company has practical difficulties in complying with the aforesaid disclosure requirement as the Customer and the Mortgagor have confirmed to the Group that they will not consent to the disclosure of their identity in this announcement; (iii) the disclosure of the identity of the Customer and the Mortgagor does not reflect their financial standing or repayment ability and thus will serve little purpose in assisting the Shareholders to evaluate their creditworthiness and the risks and exposure of the Loan; and (iv) the Company has made alternative disclosures in respect of the Loan in t...
INFORMATION OF THE GROUP. The Company is an investment holding company and its subsidiaries are principally engaged in trading of scrap ferrous metals, used batteries, waste paper and other scraps in Malaysia.
INFORMATION OF THE GROUP. The Group is principally engaged in the design, promotion, marketing and sales of high-end ladies-wear in the PRC. Information of Shenzhen Koradior Shenzhen Koradior is an indirect wholly-owned subsidiary of the Company principally engaged in the design and retail business of the Koradior apparel brand of the Company.
INFORMATION OF THE GROUP. As at the date of this announcement, the Group is principally engaged in the securities business, investment and financing and asset management and advisory business.
