Staff Dormitory definition
Examples of Staff Dormitory in a sentence
The purpose- built Staff Dormitory would also provide dormitories and related facilities which better suit the needs of the Group’s staff and their family members, which would optimise the Group’s ability to retain its staff and recruit new staff and would also reduce the Group’s rental expenses.
The Staff Dormitory is expected to be a complex with a total construction area of 64,842.03 square metres comprising dormitories and related facilities including basement for the Group’s staff and their family members.
On 25 February 2020 (after trading hours), Scud Battery entered into the Construction Agreement with Fuzhou Tingjia, pursuant to which Scud Battery conditionally agreed to engage Fuzhou Tingjia for the provision of, and Fuzhou Tingjia conditionally agreed to provide to Scud Battery, construction services for the construction of the Staff Dormitory in the Scud Battery Industrial Park for a total consideration of RMB248,747,989 (equivalent to approximately HK$275,984,943).
The Directors believe that the construction of the Staff Dormitory would centralise the Group’s dormitories and related facilities inside the Scud Battery Industrial Park, which would provide a better living environment and facilitate efficient management by the Group.