Examples of New Century REIT in a sentence
It is evident that in their decision to deny the application made by the Petitioner – like others in his predicament – to have his residency visa extended while his humanitarian application is pending – the Respondents have not given the children’s best interest primacy, if they gave it anyconsideration at all, and as such they have defied the principle of the child’s best interest.
New Century REIT was listed on The Stock Exchange of Hong Kong Limited on 10 July 2013 (“date of listing”) and commenced its operation upon listing.
New Century REIT owns an investment portfolio of hotel properties largely in China and has recently been expanded to the Netherlands.
Accordingly, New Century REIT would have no remaining operating real estate assets to fulfil the criteria for operating as a REIT in accordance with the REIT Code and therefore, New Century REIT should be terminated in accordance with the REIT Code, the units should consequentially be delisted from trading on the Stock Exchange and New Century REIT should be deauthorised in accordance with applicable regulatory requirements.
For example, it is evident from the analysis of the causes of incidents, discussed in Section 4, that good design and the establishment of robust procedures will be key preventative mitigation measures.
Accordingly, the Base Rent receivable by New Century REIT in respect of each of the Lease Years during the Subsequent Period will depend on prevailing market conditions and a number of other factors and uncertainties.
A divestment fee (the “Divestment Fee”) is calculated by 0.5% of the sales price of any real estate disposed by New Century REIT.
Save for the remaining cash for the purpose of payment of the Disposal Costs in an estimated amount of HK$15.0 million, it is not anticipated that any assets will remain in New Century REIT following the completion of the Proposed Disposal and the Proposed Interim Distribution.
INFORMATION ON NEW CENTURY REIT New Century REIT is a Hong Kong collective investment scheme authorized under section 104 of the SFO and the Units of which are listed on the Main Board.
Where the Trustee considers it is in the best interests of the Unitholders, the liquidation of New Century REIT may be completed within such longer period (in total not to exceed 24 months) as the Trustee deems appropriate.