Main Structure definition
Examples of Main Structure in a sentence
Fair Value .00 0 N/A Value Summary Total Main Structure 0 Date of Value 1/1/2021 NbrHood Adj Perc.
Reference is made to the announcement of the Company dated 10 August 2020 and the supplemental announcement dated 13 August 2020 in relation to the Main Structure Construction Contract entered into between High Fashion China and Zhejiang Futai.
As the Main Structure Construction Contract and the Facade Works Construction Contract involve the development of the same commercial properties to be erected on the Land and form a series of transactions conducted within the past 12-month period, the Facade Works Construction Contract is required to be aggregated with the Main Structure Construction Contract pursuant to Rule 14.22 of the Listing Rules.
Upon aggregation of the Main Structure Construction Contract and the Facade Works Construction Contract, one or more of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) exceed 25% but all such percentage ratios are less than 100%.
The Facade Works Construction Contract (when considered in aggregate with the Main Structure Construction Contract) therefore constitutes a major transaction of the Company and is subject to the reporting, announcement, circular and Shareholders’ approval requirements under Chapter 14 of the Listing Rules.