LSHK definition
Examples of LSHK in a sentence
LSHK is a holding company and its principal activity is investment holding.
The transactions contemplated under the Master Services Agreement constitute continuing connected transactions for LSHK under the Listing Rules.
The LSHK Group is engaged in distribution of products manufactured by its group companies, including food products and has expertise in distributing fast moving consumer goods in the Territory.
The fees payable under the Master Services Agreement comprise a monthly fee (the “Monthly Fee”), currently HK$50,000 payable by LSHK, or such amount as agreed from time to time between the parties and an annual fee (the “Annual Fee”) equal to three per cent.
On 30 June 2023, the Master Services Agreement was entered into between LSHK with GGMC for the provision of Services by GGMC to the LSHK Group for a period of three financial years from 1 July 2023 to 30 June 2026.
The Master Services Agreement is in the interests of LSHK because it allows each Service Recipient to tap into the services infrastructure and global network of the Hong ▇▇▇▇▇ Group in order to extract its management expertise so as to derive optimal strategic, financial and operational leverage and benefits in connection with the respective business of such Service Recipient to operate its business activities in a more efficient and effective manner.
Date: 27 March 2020 Parties: MHNZ and the Company Term: From 27 March 2020 to 30 June 2022 (both dates inclusive) Pursuant to the Master Distribution Agreement, any of the MH Group companies and the LSHK Group companies may agree to specific appointment(s) by the MH Group company as the principal (the “Principal”) of the LSHK Group company as its distributor (the “Distributor”) for the Products within the Territory.
LSHK is an indirect subsidiary of HLCM, the ultimate holding company and a substantial shareholder of the Company and thus LSHK is an associate of a connected person of the Company under Chapter 14A of the Listing Rules.
A master services agreement (the “Master Services Agreement”) was entered into by LSHK with GGMC and GOMC on 30 June 2011 for provision of services by GGMC or GOMC to LSHK and/or the Selected Subsidiaries.
The total fees paid by the LSHK Group in respect of the 2017 Services Agreements for each of the financial years ended 30 June 2018 and 30 June 2019 were approximately HK$12,332,000 and HK$12,844,000 respectively.