CLP Group definition
Examples of CLP Group in a sentence
Upon termination of this Agreement, CSM shall forthwith surrender to CLP any and all books, records, documents and other property in the possession or control of CSM relating to this Agreement and to the business, finance, technology, trademarks or affairs of CLP and any member of the CLP Group and, except as required by law, shall not retain any copies of same.
The parties to this Agreement do not intend, and nothing herein shall be interpreted so as, to create a partnership, joint venture, employee or agency relationship between CSM and any one or more of CLP, CGP in its capacity as general partner on behalf of CLP or any member of the CLP Group.
CLP Group is expected to recognise an estimated gain of approximately HK$881 million as a result of the full implementation of the Reorganisation.
The purposes of the Reorganisation were to achieve the divestment of CLP Group’s indirect shareholding in EGCO and streamline the structure of the joint venture between CLP Group and MC following the divestment.
This also represents an additional source of revenue for the CLP Group.
Following full implementation of the Reorganisation, CLP Group will continue to hold the same level of effective interest in Ho-Ping and HPC O&M.
Following full implementation of the Reorganisation, CLP Group will no longer hold any direct or indirect interest in EGCO.
Prior to the Reorganisation, CLP Group (through its chain of shareholding in OneEnergy and OneEnergy Thailand) had an effective interest (on a look-through basis) of approximately 13.36% in EGCO.
The Annual Aggregate Cap or the individual caps, however, shall not be treated as a forecast of the actual revenues or expenses likely to be received or incurred by the CLP Group, as the case may be, for the Transactions or the individual projects in the financial year for 2018.
As OneEnergy became a subsidiary of CLP Group in Step 1, upon implementation of Step 3, OneEnergy Taiwan has become a jointly controlled entity of CLP Group.