Examples of MFEC in a sentence
Pursuant to HKFRS 16 (Leases), the 2024 Lease Agreements will be recognised by MFEC and Xxxx Xxx as right-of-use assets with an aggregate amount (inclusive of VAT and other applicable taxes) of approximately US$2,499,000, and the leasing will be regarded as an addition of right-of-use assets by the Lessees.
Date: 11 December 2023 Parties: (1) The Landholding Company (as the lessor) (2) MFEC (as a lessee) (3) Xxxx Xxx (as a lessee) Term: Commencing on 1 January 2024 and remaining effective up to and inclusive of 31 December 2025.
On 11 December 2023, MFEC and Xxxx Xxx (both wholly-owned subsidiaries of the Company) and the Landholding Company entered into the 2024 Lease Agreements, under which the Landholding Company agreed to lease the Leased Land and Properties to MFEC and Xxxx Xxx upon the terms and conditions under the respective agreement.