Unimix definition
Examples of Unimix in a sentence
It is the legal and beneficial owner of Unimix Industrial Centre, ▇▇.▇ ▇▇ ▇▇▇▇ Street, San Po Kong, Kowloon, Hong Kong, the approximate gross floor area of which is 394,000 square feet.
As explained in this announcement, after Completion of the Unimix Properties Agreement, the Company and various of its subsidiaries will continue to occupy various units and car parks of Unimix Industrial Centre, ▇▇.▇ ▇▇ ▇▇▇▇ Street, San Po Kong, Kowloon, Hong Kong.
The board of directors of USI Holdings Limited (the “Company”) announces that the following tenancy agreements (together, the “Tenancy Agreements”) have been entered into: The Company and various of its subsidiaries (SHTI, Impact Textiles, United Success, USIP and Fore Prosper) have entered into tenancy agreements, as tenant, with Unimix Properties, as landlord, for a term of 12 months commencing on 25 August 2007 and 1 September 2007 up to and including 31 August 2008.
As the previous arrangements were between the Company and various of its subsidiaries on the one hand and Unimix Properties, itself a subsidiary of the Company, on the other hand the Company was not previously required to report and make an announcement in relation to them under the Listing Rules.
The purpose of entering into the Tenancy Agreements was to renew the occupation of the Company and its various subsidiaries at Unimix Industrial Centre.
With effect from completion of the Unimix Properties Agreement, Unimix Properties will become an indirect wholly-owned subsidiary of ▇▇▇▇▇▇ and an associate of Allied Effort Limited and consequently a connected person of the Company.
The terms of the Tenancy Agreements have been negotiated on arm’s length basis between Unimix Properties and the Company and its various subsidiaries, as the case may be, and are on normal commercial terms.
Unimix Properties is a company incorporated in Hong Kong with limited liability and, as at the date of the announcement, an indirect wholly-owned subsidiary of the Company.
In negotiating the rent under the Tenancy Agreement, the Board made reference to the current leasing market conditions, the market rent of comparable premises in the vicinity of Unimix Industrial Centre and the tenancy agreements that had been entered into by UPL with other independent third parties in respect of certain units of Unimix Industrial Centre.
Under the Unimix Properties Agreement, the Company and USIPI have agreed to procure that the Tenancy Side Letters be entered into between Unimix Properties and the tenants of the Tenancy Agreements to, inter alia, record that the aggregate amounts payable under the Tenancy Agreements will not exceed the Annual Caps of HK$14.1 million, HK$15.4 million and HK$16.1 million for the financial years ending 31 December 2008, 31 December 2009 and 31 December 2010 respectively.