SHKI definition

SHKI. Sun Hung Kai Properties Insurance Limited 新 鴻 基 地 產 保 險 有 限 公 司 , a company incorporated in Hong Kong with limited liability and a wholly-owned subsidiary of SHKP
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Examples of SHKI in a sentence

  • On 5 May 2020, the Company entered into the New Agreements with SHKP or SHKI (as the case may be) in relation to the carrying out of the Continuing Connected Transactions each for a term of three years from 1 July 2020 to 30 June 2023 (both days inclusive).

  • The entering into of the New Agreements with SHKP or SHKI (being a wholly-owned subsidiary of SHKP) (as the case may be) constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules.

  • On 5 May 2020, the Company and SHKI entered into a new agreement pursuant to which the Company appointed SHKI to maintain the insurance coverage for the benefit of the Group for a period from 1 July 2020 to 30 June 2023 (both days inclusive).

  • Prior to taking out the relevant insurance policies, the Group will obtain market rates of insurance premium charged by at least two other independent insurance companies and determine whether the rates of premium offered by SHKI are at market level.

  • This agreement takes effect from the date of signing, and is a master agreement which sets out the principles upon which members of the Group will obtain insurance coverage with or through SHKI.

  • Relevant members of the Group and SHKI have entered into and will enter into insurance policies to provide for detailed terms governing the relevant insurance obtained pursuant to such arrangement.

  • The said principles include that the terms of the insurance policies to be maintained at the request of the Group with SHKI as the insurer shall be negotiated on an arm’s length basis and be comparable to the terms of the insurance policies maintained by other third parties with SHKI in respect of similar type of risk insured.