CSA Building definition
Examples of CSA Building in a sentence
Pursuant to the Listing Rules, the lease transactions contemplated under the Asset Lease Framework Agreement shall be aggregated with the CSA Building Asset Lease Agreement and the previous land lease transactions and property lease transactions contemplated under the Property and Land Lease Framework Agreement.
All the remaining four Directors who were entitled to vote, unanimously approved the resolutions approving the CSA Building Asset Lease Agreement.
Save as disclosed above, there are no other transactions which should be aggregated with the transactions contemplated under the CSA Building Asset Lease Agreement under Rules 14.22 and 14A.81 of the Listing Rules.
CSA Building is developed by GSAC for office and business purpose.
The Company using the CSA Building as its new headquarter will help promote the sustainable development of the Company, enhance the overall image of the Company and ease of travel, which is of great significance to the sustainable and steady development of the Company in the future.
The transactions contemplated under the CSA Building Asset Lease Agreement constitute continuing connected transactions for the Company under the Listing Rules.
On 19 January 2018 (after trading hours), the Company has entered into the CSA Building Asset Lease Agreement with GSAC for a term of three years commencing from 19 January 2018 to 18 January 2021.
Pursuant to the Listing Rules, the lease transactions contemplated under the CSA Building Asset Lease Agreement shall be aggregated with the previous land lease transactions and property lease transactions contemplated under the Property and Land Lease Framework Agreement.
The Board (including the independent non-executive Directors) considers that the terms of the CSA Building Asset Lease Agreement and the cap in respect thereof are fair and reasonable and are entered into on normal commercial terms or better, in the ordinary and usual course of business of the Company and in the interests of the Group and its shareholders as a whole.
In addition, the CSA Building is located at Guangzhou Baiyun Xincheng, which is a prime location with convenient traffic conditions and comprehensive supporting facilities.