GSFG definition
Examples of GSFG in a sentence
The GSFG Group is principally engaged in financial services, property investment and development, automation, securities investment, logistics trade and supply chain management, yacht club and training centre.
Baoxin Holdings is a limited liability company established in the PRC and is an indirect non-wholly owned subsidiary of GSFG and an indirect wholly-owned subsidiary of GSLG.
Save for the above, none of the GSFG Directors or GSLG Directors has any material interest in any of the transactions contemplated under the Property Management Services Framework Agreement and is required to abstain from voting on the resolutions of board of directors of each of GSFG and GSLG to approve the same.
Repurchase agreements purchased by GSFG Joint Account shall also be governed by the provisions of this Section 4A.
The term "account of such Portfolio" as used in this Section 5 shall also be deemed to include the GSFG Joint Account.
On 31 December 2020 (after trading hours), Baoxin Holdings, an indirect non-wholly owned subsidiary of GSFG and an indirect wholly-owned subsidiary of GSLG, has entered into the Property Management Services Framework Agreement with Shenzhen Jixiang, pursuant to which Shenzhen Jixiang agrees to provide property management services to Baoxin Holdings Group in accordance with the principal terms of the Property Management Services Framework Agreement.
As at the date of this announcement, GSLG is an indirect subsidiary of GSFG.
Accordingly, the transactions contemplated under the Property Management Services Framework Agreement between Shenzhen Jixiang and Baoxin Holdings (an indirect non-wholly owned subsidiary of GSFG and an indirect wholly-owned subsidiary of GSLG) constitute continuing connected transactions for both GSFG and GSLG pursuant to Chapter 14A of the Listing Rules.
He is also a controlling shareholder (as defined in the Listing Rules) of each of GSFG and GSLG interested in (i) 14,839,411,600 GSFG Shares, representing approximately 47.28% of the total number of GSFG Shares in issue, and (ii) 3,146,858,700 GSLG Shares, representing approximately 69.16% of the total number of GSLG Shares in issue as at the date of this announcement, hence ▇▇.
As the highest applicable percentage ratio (as defined in the Listing Rules) for the highest Annual Caps contemplated under the Property Management Services Framework Agreement is more than 0.1% but less than 5% for each of GSFG and GSLG, the Property Management Services Framework Agreement is only subject to the reporting, announcement and annual review requirements, but is exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.