Poly Business definition
Examples of Poly Business in a sentence
Poly Business Commercial Property is a company with limited liability established in the PRC on 30 March 2017, and is committed to becoming an expert in asset operation for property owners, users and managers for the benefit of their growth in value, providing property owners with a one-stop service model with an organic integration of property management and asset management.
Poly Business Commercial Property is a subsidiary of the Group engaging in the provision of professional services and focusing on realising a professional management model of “property management” + “asset operation” + “corporate services” for commercial properties.
Upon the expiry of the existing leasing contracts or upon the addition of new leasing business, Poly Business Commercial Property shall become the party A to re-enter into the leasing contracts.
Upon the expiry of existing leasing contracts or upon the addition of new leasing business, Poly Business Commercial Property shall become the party A to leasing contracts when they are signed.
Poly Business Commercial Property shall complete the calculations by 25 December of each year, and both parties will settle the actual amount upon confirmation by Poly Developments and Holdings.
In order to effectively expand the Group’s asset operation business and enhance the Group’s expertise in asset operation, Poly Business Commercial Property will adopt a “guaranteed rent + shared rent” model to develop the business of overall contracting for business management.
The Subleasing Transactions between Poly Business Commercial Property and Poly Developments and Holdings and its associates will constitute connected transactions.
Except as otherwise permitted by Section 5.12, each Loan Party shall maintain its organizational existence and carry on its business in substantially the same manner and in substantially the same line or lines of business or line or lines of business reasonably related to the business now carried on and maintained (including without limitation the Poly Business).
Since 2020, Poly Business Commercial Property has adopted a comprehensive entrusted business model for the contracting management of office buildings, such model has effectively expanded the Group’s asset operation business and rapidly enhanced the Group’s expertise in asset operation.
Poly Business Commercial Property engages in the provision of professional services and focuses on realising a professional property management model of “property management” + “asset operation” + “corporate services” for commercial properties.