HKT Group definition
Examples of HKT Group in a sentence
In the ordinary course of business, the PCPD Group from time to time enters into transactions with the PCCW Group, which includes the Parent Group and the HKT Group, in relation to procurement of goods and services.
As PCCW is a substantial shareholder of the Company, PCCW and its associates (hence the Parent Group Companies, HKT and the HKT Group Companies) are connected persons of the Company under the Listing Rules.
Accordingly, the transactions contemplated under the PCCW Group 2022 Master Agreement and the HKT Group 2022 Master Agreement will constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.
In the ordinary course of business, the PCPD Group from time to time enters into transactions with the PCCW Group and the HKT Group, in relation to procurement of goods and services.
On 28 December 2022, PCPDOL also separately entered into the HKT Group 2022 Master Agreement with HKTL.
On 23 December 2016, PCPDOL also separately entered into the HKT Group 2016 Master Agreement with HKTL.
Accordingly, the transactions contemplated under the Parent Group 2019 Master Agreement and the HKT Group 2019 Master Agreement will constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.
As some of the relevant percentage ratios for the annual caps of the transactions to be effected pursuant to each of the PCCW Group 2022 Master Agreement and the HKT Group 2022 Master Agreement exceed 0.1% but all of them are less than 5%, the transactions thereunder are subject to the reporting, announcement and annual review requirements but are exempt from the independent shareholders’ approval and circular requirements under Chapter 14A of the Listing Rules.
As some of the relevant percentage ratios for the annual caps of the transactions to be effected pursuant to each of the Parent Group 2019 Master Agreement and the HKT Group 2019 Master Agreement exceed 0.1% but all of them are less than 5%, the transactions thereunder are subject to the reporting, announcement and annual review requirements but are exempt from the independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.
As PCCW is a substantial shareholder of the Company, PCCW and its associates (hence the PCCW Group Companies, HKT and the HKT Group Companies) are connected persons of the Company under Chapter 14A of the Listing Rules.