SCMPS definition
Examples of SCMPS in a sentence
SCMPS, an indirect wholly-owned subsidiary of the Company, is a limited liability company established under the laws of the PRC.
Reference is made to the 2017 Announcement made by the Company in relation to, among others, SCMPS, an indirect wholly-owned subsidiary of the Company, entering into the Existing CMSIZ Lease Agreements (excluding Existing CMSIZ Lease Agreement 5) with CMSIZ to lease in aggregate 8 parcels of land in Shekou Industrial Park and certain property assets from CMSIZ for term of two years commenced on 1 January 2018 and ended on 31 December 2019.
The SCMPS-CMSIZ Lease Agreement is for a term of two years commencing on 1 January 2011 with a total rental payable by SCMPS to CMSIZ under the SCMPS-CMSIZ Lease Agreement of RMB772,420.50 (equivalent to approximately HK$946,185) for each of the two years ending 31 December 2011 and 2012.
SCMPS, an indirect wholly-owned subsidiary of the Company, entered into the SCMPS Lease Agreement with CMSIZ on 12 November 2009 to lease a piece of land located in Shekou Industrial Park from CMSIZ with a total area of 15,392.11 square meters to be used by SCMPS for industrial purposes.
The monthly rental payable by SCMPS under the 2012-2013 CMSIZ Lease Agreement 6 shall be RMB691,652.46 (equivalent to approximately HK$847,247) for the year ending 31 December 2012.
The maximum annual total rental payable by SCMPS to CMSIZ under the New CMSIZ Lease Agreements (as aggregated) is approximately RMB54,700,000 (equivalent to approximately HK$69,000,000) for each of the years ending 31 December 2014 and 2015.
In addition, on 30 November 2011, SCMPS and the Company have further entered into two new lease agreements, namely the 2012-2013 SCMPS-CMSIZ Lease Agreement and the CMHK Lease Agreement, to lease a piece of land in Shekou Industrial Park to be used as office premises and 21 residential flats in Hong Kong as staff quarters, respectively.
On 18 December 2015, in view of the expiry of the Existing CMSIZ Lease Agreements on 31 December 2015, SCMPS entered into the New CMSIZ Lease Agreements with CMSIZ to continue to lease in aggregate 26 parcels of land in Shekou Industrial Park and certain property assets from CMSIZ.
SCMPS, an indirect wholly-owned subsidiary of the Company, entered into 11 lease agreements, being the Existing CMSIZ Lease Agreements 1 to 11, with CMSIZ on 23 December 2013, to lease 26 parcels of land in Shekou Industrial Park and certain property assets from CMSIZ.
Thereafter, SCMPS shall pay on 31 January and 31 July every year for the aggregate rental fees for each of the six months ending on 30 June and 31 December, respectively.