Unimix Properties definition
Examples of Unimix Properties in a sentence
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.
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.
The Company and various of its subsidiaries (Unimix, Telwin, Technic Enterprises, Teamdoor Investments, Unimix Exporters and Unimix International) have entered into tenancy agreements, as tenant, with Unimix Properties, as landlord, for a term of 12 months commencing on 1 November 2007 up to and including 31 October 2008.
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.
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.