Examples of PHL Group in a sentence
The advances were provided by the PHL Group in the form of shareholder’s loans and, according to the terms of the shareholders’ agreement in respect of this joint venture, would not be provided in proportion to PHL’s shareholding interest in Cheerjoy.
The advances were provided by the PHL Group in the form of shareholder’s loans and, according to the terms of the shareholders’ agreement in respect of this joint venture, would not be in proportion to the Company’s shareholding interest in Cheerjoy.
CONNECTED TRANSACTIONS ON-GOING TRANSACTIONSThe Company has from time to time engaged in various on-going transactions (the “On-going Transactions”) and future similar transactions (the “Future Connected Transactions”) (collectively, the “Connected Transactions”) between respective subsidiary companies of the CCIHL Group, the PHL Group and the RHIHL Group, all conducted within their ordinary and normal course of business.
The PHL Group and the other parties concerned have been undergoing negotiations with the relevant PRC government authorities with a view to safeguarding the Investee Companies’ interest in the land site.
On 24th January, 2020, the PHL Group entered into agreements with independent third parties for the disposal of 368,320,000 ordinary shares of Cosmopolitan and the acquisition of 9,500,000 AMTD Shares.
In October 2001, the PHL Group appointed financial and legal advisers in relation to a proposed restructuring/settlement of the Bonds.
No company in the PHL Group of companies nor any other party, guarantees the capital value, payment of income or performance of the Fund.
As at 30th June, 2020, the PHL Group had contingent liabilities for corporate guarantees provided in respect of a banking facility granted to an associate in the amount of HK$357.2 million (31st December, 2019 - HK$357.2 million) which was fully utilised.
On 15th July, 2020, HK$100 million was received by the PHL Group.
Annual Report 2000 25 Report of the Directors (Cont’d)Corporate Services TransactionsThe present head office accommodation of the CCIHL Group is located at 18th to 22nd Floors of Paliburg Plaza, which, as mentioned above, is owned by the PHL Group, and is shared with the CCIHL Group by the PHL Group and the Group.