GCCD definition

GCCD. Guangzhou City Construction & Development Co. Ltd. (廣州市城市建設開發有限公司), a limited liability company established in the PRC and is indirectly owned as to 95% by GCD China and directly owned as to 5% by GCCD Group Group Co., Ltd.* (廣州市城市建設開發集團有限公司) (previously known as Guangzhou City Construction & Development Holding Company* (廣州市城市建設開發總公司)), a limited liability company established in the PRC and is ultimately wholly owned by GZYX “GCD China” Guangzhou Construction & Development Holdings (China) Limited (城市建設開發集團(中國)有限公司), a company with limited liability incorporated in the British Virgin Islands and is directly wholly owned by Yuexiu Property. GCD China is a controlling shareholder of the Company convened to consider and, if thought fit, to approve the 2022 Property Management and Value-Added Services Framework Agreement, the 2023 Bank Deposits Agreement and transactions contemplated thereunder (including the proposed annual caps)
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Examples of GCCD in a sentence

  • On 30 November 2015, GCCD (an indirect 95%-owned subsidiary of the Company) and GZYX entered into the Framework Lease Agreement to govern the leasing of the Lease Properties by GCCD to members of the GZYX Associates.

  • In addition, the Directors consider that the 2019 Framework Lease Agreement can set out a framework and streamline the leasing processes in respect of the Lease Properties between the GZYX Entities and the GCCD Landlords.

  • Subject to compliance with the relevant requirements under the Listing Rules, GCCD and GZYX may within three months before the end of the Term agree to renew the 2019 Framework Lease Agreement on such terms and conditions as may be mutually agreed.

  • YX JLL is beneficially owned as to 60% by GCCD (which is indirectly owned as to 95% by the Company and as to 5% by 廣州市城市建設開發集團有限公司 (Guangzhou City Construction & Development Group Co. Ltd.) respectively, hence YX JLL is a subsidiary of the Company.

  • Upon execution of this Consent Order and Agreement, Columbia Gas shall pay a civil penalty of ONE HUNDRED FIFTY-SIX THOUSAND DOLLARS ($156,000.00) and cost recovery to GCCD in the amount of ONE THOUSAND ONE HUNDRED AND TWENTY-SIX DOLLARS ($1,126.00).

  • As the 2015 Framework Lease Agreement has expired on 31 December 2018, on 17 January 2019, GCCD (an indirect 95%-owned subsidiary of the Company) and GZYX entered into the 2019 Framework Lease Agreement to renew the term of the 2015 Framework Lease Agreement.

  • The Board (including the independent non-executive Directors) considers that: (i) the terms of the Framework Lease Agreement are fair and reasonable and on normal commercial terms; (ii) the Lease Transactions are in the ordinary and usual course of business of the Group; (iii) the entering into of the Framework Lease Agreement by GCCD is in the interest of the Company and its shareholders as a whole; and (iv) the Annual Caps (including the basis of determination thereof) are fair and reasonable.

  • The Board (including the independent non-executive Directors) considers that: (i) the terms of the 2019 Framework Lease Agreement are fair and reasonable and on normal commercial terms; (ii) the Lease Transactions are in the ordinary and usual course of business of the Group; (iii) the entering into of the 2019 Framework Lease Agreement by GCCD is in the interest of the Company and its shareholders as a whole; and (iv) the Annual Caps (including the basis of determination thereof) are fair and reasonable.

  • GCCD is principally engaged in the development, operation, leasing and management of properties (including the operation and management of certain projects and project companies of the Group from which it is entitled to derive return and benefits pursuant to various intra-group arrangements and whose financial performance are consolidated into those of GCCD).

  • The Annual Caps are determined with reference to: (i) the estimated aggregated annual rental payable by the GZYX Associates to GCCD under the Specific Lease Agreements which are estimated to be entered into by members of the GZYX Associates with GCCD during the Term; and (ii) allowing a reasonable buffer to cater for possible increases in the number of the Lease Transactions and in the amount of rental payable.

Related to GCCD

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