CR Construction definition
Examples of CR Construction in a sentence
As CR Construction is a non-wholly owned subsidiary of CRNC which in turn is the ultimate holding company of the Company, CR Construction is an associate of a connected person of the Company under the Listing Rules.
Agreement means these Terms and Conditions, together with the Booking Confirmation Form Provider’s Agent(s) means any employee of CR Construction Training Booking Confirmation Form The booking confirmation form issued by the Provider to be completed by the Client.
The proposed annual caps for the charges of the provision of construction, incidental design and construction management services by CR Construction and its associates to the Group for the three years ending 31 December 2015 are HK$450.0 million, HK$800.0 million and HK$550.0 million, respectively.
Date: 21 December 2012 Parties: The Company CR Construction Pursuant to the Construction Framework Agreement entered into by the Company and CR Construction with a term commencing from 1 January 2013 to 31 December 2015, it was agreed, inter alia, that any construction, incidental design and construction management services to be provided by CR Construction Group or its associates to a member of the Group should be on normal commercial terms.
CR Retail is principally engaged in retail businesses and CR Construction is principally engaged in the provision of various construction services and sales of construction materials.
The charges of provision of construction, incidental design and construction management services by CR Construction and its associates to the Group for the two years ended 31 December 2011 and for the nine months ended 30 September 2012 were approximately HK$3.2 million, HK$397.5 million and HK$29.7 million, respectively.
As mentioned in such announcement, CR Retail (a wholly-owned subsidiary of the Company) and CR Construction (a wholly-owned subsidiary of CR Land) entered into the Framework Agreement on 6 July 2010 in relation to the provision of construction, incidental design and construction management services by CR Construction and its associates to the CR Retail Group, its fellow subsidiaries of the Group and the Company for the period commencing from the date of the Framework Agreement to 31 December 2012.
As CR Construction is a non-wholly-owned subsidiary of CRNC (the ultimate holding company of the Company and therefore a connected person of the Company under the Listing Rules), CR Construction is an associate of CRNC and therefore a connected person of the Company under the Listing Rules.
The aggregate charges for the provision of construction, incidental design and construction management services by CR Construction and its associates to the CR Retail Group, its fellow subsidiaries of the Group and the Company under the Framework Agreement for the two years ended 31 December 2010 and for the five months ended 31 May 2011 were approximately HK$8,700,000, HK$3,176,000 and HK$312,202,000, respectively.
The Group has been, in its ordinary and usual course of business, granting construction, incidental design and construction management contracts, to CR Construction Group and its associates.