CMSK definition
Examples of CMSK in a sentence
Therefore, the Company and CMSK have entered into the Operation Agreement to set out the terms of such transactions.
Shanghai Pujun is beneficially held as to 60% equity interests by CMSK, the controlling shareholder of the Company indirectly holding approximately 74.35% of the total issued share capital of the Company.
CMSK will pay a pre-agreed management fee to the Company for providing the operational support services.
Shanghai Pujun, therefore, is an associate of CMSK pursuant to Rule 14A.13(3) of the Listing Rules and accordingly a connected person of the Company under the Listing Rules.
CMSK is the controlling shareholder of the Company and is indirectly interested in approximately 74.35% of the issued share capital of the Company.
The Operation Transitional Project is expected to be completed and held by CMSK.
As Nanjing Merchants (a non wholly-owned subsidiary of the Company) is owned as to 49% by CMSK, Nanjing Merchants is a connected person of the Company at the subsidiary level and the transactions contemplated under the Capital Increase Agreement constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules.
Since each of CMSK and Merchants Property Management is a connected person of the Company under the Listing Rules, the transactions contemplated under the Operation Agreement and Property Management Master Agreement constitute continuing connected transactions under Chapter 14A of the Listing Rules.
As a result of the Company’s acquisition of the Target Group from CMSK (formerly known as CMPD), a project owned by CMSK (formerly known as CMPD), namely, Evian International in Foshan will continue to be owned and controlled by CMSK after completion of the acquisition.
CMSK is a controlling shareholder of the Company which holds approximately 74.35% of the total issued share capital of the Company, and therefore is a connected person of the Company at the issuer level.