CMPG definition
Examples of CMPG in a sentence
It is a subsidiary of CMPG and therefore a connected person of the Company.
CMHIT is a subsidiary of CMPG, a substantial shareholder of the Company.
CMPG, a company incorporated in the PRC whose A shares and B shares are listed on the Shenzhen Stock Exchange (Stock Code: 001872/201872) and a substantial shareholder of the Company.
CMPG is a company incorporated in the PRC whose A shares and B shares are listed on the Shenzhen Stock Exchange (Stock Code: 001872/201872) and a substantial shareholder of the Company.
Since the applicable percentage ratios set out in Rule 14.07 of the Listing Rules in respect of the annual cap for the service fees receivable by CMHIT from the CMPG Subsidiaries for the year ending 31 December 2020 exceed 0.1% but are below 5%, these transactions are therefore exempt from the circular (including independent financial advice) and shareholders’ approval requirements under Chapter 14A of the Listing Rules but are subject to the reporting, annual review and announcement requirements.
Each of the CMPG Subsidiaries is a subsidiary of CMPG, a substantial shareholder of the Company, and therefore each of the CMPG Subsidiaries is a connected person of the Company under the Listing Rules.
On 30 March 2020, Shekou Container Terminal (a subsidiary of the Company), Chiwan Container Terminal, Chiwan Port Container, Mawan Port and Mawan Storage (each a subsidiary of CMPG), Haixing (a subsidiary of the Company) and CMHIT entered into the IT Services Framework Agreement for a term of one year commencing on 1 January 2020 and ending on 31 December 2020.
CMHIT is held by the Company and CMPG as to 76.84% and 23.16%, respectively.
It is 76.84%-owned by the Company and 23.16%-owned by CMPG and is a connected subsidiary of the Company.
The leasing of the units in Qianhai Bay Garden by Qianhai Bay Property to CMG Group and CMPG Group can increase the occupancy rate and bring stable rental income to the Group and is in the interest of the Company and its shareholders as a whole.