Common use of REASONS FOR AND BENEFITS OF THE TRANSACTIONS Clause in Contracts

REASONS FOR AND BENEFITS OF THE TRANSACTIONS. The principal business of the Company is the provision of finance leasing and advisory services to its customers in the PRC. The entering into of the Finance Lease Agreements is in the ordinary and usual course of business of the Company and will enable the Company to earn an aggregate income of approximately RMB4,883,919 (equivalent to approximately HK$5,860,234), being the aggregate of the finance lease interest income (exclusive of VAT) of approximately RMB4,883,007 (equivalent to approximately HK$5,859,140) over the respective lease terms and the retention consideration (exclusive of VAT) of approximately RMB912 (equivalent to approximately HK$1,094). Given the Finance Lease Agreements were entered into in the ordinary and usual course of business of the Company and on the normal commercial terms, the Directors are of the view that the terms of the Finance Lease Agreements are fair and reasonable and are in the interest of the Company and the Shareholders as a whole.

Appears in 1 contract

Samples: www1.hkexnews.hk

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REASONS FOR AND BENEFITS OF THE TRANSACTIONS. The principal business of the Company is the provision of finance leasing and advisory services to its customers in the PRC. The entering into of the Finance Lease Agreements is in the ordinary and usual course of business of the Company and will enable the Company to earn an aggregate income of approximately RMB4,883,919 RMB2,595,043 (equivalent to approximately HK$5,860,234HK$3,164,301), being the aggregate of the finance lease interest income (exclusive of VAT) of approximately RMB4,883,007 RMB2,592,479 (equivalent to approximately HK$5,859,140HK$3,161,174) over the respective lease terms and the retention consideration (exclusive of VAT) of approximately RMB912 RMB2,564 (equivalent to approximately HK$1,094HK$3,127). Given the Finance Lease Agreements were entered into in the ordinary and usual course of business of the Company and on the normal commercial terms, the Directors are of the view that the terms of the Finance Lease Agreements are fair and reasonable and are in the interest of the Company and the Shareholders as a whole.

Appears in 1 contract

Samples: en.fyleasing.com

REASONS FOR AND BENEFITS OF THE TRANSACTIONS. The principal business of the Company is the provision of finance leasing and advisory services to its customers in the PRC. The entering into of the Finance Lease Agreements is in the ordinary and usual course of business of the Company and will enable the Company to earn an aggregate income of approximately RMB4,883,919 RMB2,880,598 (equivalent to approximately HK$5,860,234HK$3,305,333), being the aggregate of the finance lease interest income (exclusive of VAT) of approximately RMB4,883,007 RMB2,876,975 (equivalent to approximately HK$5,859,140HK$3,301,176) over the respective lease terms and the retention consideration (exclusive of VAT) of approximately RMB912 RMB3,623 (equivalent to approximately HK$1,094HK$4,157). Given the Finance Lease Agreements were entered into in the ordinary and usual course of business of the Company and on the normal commercial terms, the Directors are of the view that the terms of the Finance Lease Agreements are fair and reasonable and are in the interest of the Company and the Shareholders as a whole.

Appears in 1 contract

Samples: Asset Transfer Agreement Iii

REASONS FOR AND BENEFITS OF THE TRANSACTIONS. The principal business of the Company is the provision of finance leasing and advisory services to its customers in the PRC. The entering into of the Finance Lease Agreements is in the ordinary and usual course of business of the Company and will enable the Company to earn an aggregate income of approximately RMB4,883,919 RMB15,701,786 (equivalent to approximately HK$5,860,234HK$18,016,966), being the aggregate of the finance lease interest income (exclusive of VAT) of approximately RMB4,883,007 RMB15,681,903 (equivalent to approximately HK$5,859,140HK$17,994,151) over the respective lease terms and the retention consideration (exclusive of VAT) of approximately RMB912 RMB19,883 (equivalent to approximately HK$1,094HK$22,815). Given the Finance Lease Agreements were entered into in the ordinary and usual course of business of the Company and on the normal commercial terms, the Directors are of the view that the terms of the Finance Lease Agreements are fair and reasonable and are in the interest of the Company and the Shareholders as a whole.

Appears in 1 contract

Samples: www1.hkexnews.hk

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REASONS FOR AND BENEFITS OF THE TRANSACTIONS. The principal business of the Company is the provision of finance leasing and advisory services to its customers in the PRC. The entering into of the Finance Lease Agreements I is in the ordinary and usual course of business of the Company and will enable the Company to earn an aggregate income of approximately RMB4,883,919 RMB4,008,302 (equivalent to approximately HK$5,860,234HK$4,599,314), being the aggregate of the finance lease interest income (exclusive of VAT) of approximately RMB4,883,007 RMB4,004,717 (equivalent to approximately HK$5,859,140HK$4,595,200) over the respective lease terms term and the retention consideration (exclusive of VAT) of approximately RMB912 RMB3,585 (equivalent to approximately HK$1,094HK$4,114). Given the Finance Lease Agreements I were entered into in the ordinary and usual course of business of the Company and on the normal commercial terms, the Directors are of the view that the terms of the Finance Lease Agreements I are fair and reasonable and are in the interest of the Company and the Shareholders as a whole.

Appears in 1 contract

Samples: www1.hkexnews.hk

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