GRRE Sample Clauses

GRRE. GRRE is a company established in the PRC with limited liability and is principally engaged in property development which comprises development, construction and management of real estate.
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GRRE. Scope of the Entrusted Services Under the Entrustment Agreement, GRRE is entrusted to provide the services in relation to the preliminary work for the transformation of the Project Land, including but not limited to: 1) in relation to the demolition and relocation on the Project Land, undertaking survey, preparing transition proposals, analyzing demand and coordinating the settlement after relocation; 2) conducting works related to the transformation application and approval, including the setting up of the relevant database, confirming the scope of transformation, applying to be part of the annual urban renewal plan, consulting and liaising with the relevant authorities; 3) obtaining the approval from the Guangzhou Urban Renewal Bureau, compiling conceptual preliminary planning proposal, project implementation proposal and feasibility study 4) obtaining internal approvals from GRGC and CRC, including preparing the application and reporting documents; and 5) assisting the Company in paying the outstanding fee for the land transfer and in applying for the land use right certificate for new purposes.
GRRE. Scope of the Entrusted Services: Under the Entrustment Service Agreement, GRRE is entrusted to, in respect of the resumption compensation project of the Project Land, provide the preliminary work in relation to the Project Land, including but not limited to: 1) completing the survey of the underground pipelines of the Project Land, the real estate search within the scope of the land use, the land survey and delimitation; 2) completing the preparation of the land resumption compensation plan for the Project Land, submitting the land resumption compensation plan to the railway land use industry for review and obtaining the approval from the railway land use industry; 3) determining the conditions for land resumption planning of the Second Land Parcel (comprehensive floor area ratio equal to or more than 2.1, commercial-residential ratio not higher than 1:9) and obtaining government approval; 4) completing asset evaluation of the land of its current status through the evaluation company to be designated by the Company, organizing the preparation of the disposal plan of the Project Land, and completing the approval procedures for the disposal plan of the Project Land; and 5) obtaining preferential policies for land resumption compensation from the local government, assisting the Company to determine the amount of land resumption compensation, assisting the government to complete the land use conclusion, completing the signing of the land resumption compensation agreement with the local government and obtaining the resumption compensation payment.
GRRE. GRRE is a company established in the PRC with limited liability and is principally engaged in real estate development and operation; self-owned real estate business activities; house leasing; house demolition services; property management; building construction; wholesale and retail of building materials and decorative materials; landscaping engineering services, etc.. GRRE is a wholly-owned subsidiary of GRGC, which is wholly-owned by China State Railway Group Co., Ltd, a solely state- owned enterprise established in accordance with the approval of the State Council and the Company Law of the PRC. LISTING RULES IMPLICATIONS As at the date of this announcement, the Company is held as to 37.12% by GRGC, the largest Shareholder, and GRRE is a wholly-owned subsidiary of GRGC. Accordingly, GRRE is an associate of GRGC and thus is a connected person of the Company. The provision of the Entrusted Services by GRRE to the Company constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules. As the highest of the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of the Entrustment Service Agreement and the transactions contemplated thereunder is less than 5%, the transactions contemplated under the Entrustment Service Agreement is subject to the reporting and announcement requirements but is exempt from the circular and independent Shareholder approval requirement under Chapter 14A of the Listing Rules. Each of Xx. Xx Xxxx, Xx. Xxx Xxxxxx, Mr. Xx Xxx and Xx. Xxxxx Xxx is currently holding positions in GRGC and are considered to have material interest in the Entrustment Service Agreement and the transactions contemplated thereunder and therefore had abstained from voting on the relevant Board resolutions approving the Entrustment Service Agreement and the transactions contemplated thereunder.
GRRE. Scope of the Entrusted Services Under the Entrustment Agreement, GRRE is entrusted to provide the services in relation to the preliminary work for the transformation of the Project Land, including but not limited to: 1) in relation to the demolition and relocation on the Project Land, undertaking surveying, preparing transition proposals, analyzing demand and coordinating the settlement after relocation; 2) conducting works related to the transformation application and approval, including the setting up of the relevant databases, confirming the scope of transformation, applying to be part of the annual urban renewal plan and consulting and liaising with the relevant authorities; 3) obtaining the approval from the Guangzhou Urban Renewal Bureau, compiling conceptual preliminary planning proposals, and managing project implementation proposals and feasibility studies; 4) obtaining internal approvals from GRGC and CRC, including preparing the application and reporting documents; and 5) assisting the Company in paying the outstanding fees for the land transfer and in applying for the land use right certificate for new purposes. Service Fee 1) If the government officially approves that the comprehensive floor area ratio of the Project Land is less than 2.5, the Company has the right to terminate the Entrustment Agreement without paying any service fee, and GRRE will bear the costs incurred from providing the Entrusted Services.

Related to GRRE

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  • Consentement Relatif à la Langue Utilisée Les parties reconnaissent avoir exigé que cette convention («Agreement») soit rédigée en anglais, ainsi que tous les documents, avis et procédures judiciaires, éxécutés, donnés ou intentés en vertu de, ou liés directement ou indirectement à la présente. Notifications

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