INFORMATION OF THE GROUP. The Group is principally engaged in the provision of high quality and comprehensive range of liquid petrochemical terminal and storage services in the PRC. Ningbo Ningxiang is an indirect jointly controlled entity of the Company.
INFORMATION OF THE GROUP. The Group is principally engaged in the manufacture and sale of liquid crystal display products including touch panel products and electronic consumer products including compact camera module, personal health care products and electrical devices.
INFORMATION OF THE GROUP. The Group is principally engaged in the distribution of information products in Hong Kong and the PRC, property development and property investment in the PRC.
INFORMATION OF THE GROUP. The Group is principally engaged in software development and provision of systems integration services relating to the media and non-media industries including financial institutions, enterprises and government departments. The Group purchases information hardware products for its customers in order to establish computer systems. It also provides software and hardware solutions to its customers as well as for use in its software development business. Information on Peking Founder Group Peking Founder Group is principally engaged in securities trading and brokerage; the information technology industry, including software and system development for the publishing sector and various government bureaus and financial institutions and hardware manufacturing for personal computers, chips, circuit boards and other terminal equipment; and healthcare and pharmaceutical industry, including hospitals, pharmaceuticals, logistics, equipment leasing and hospital management. LISTING RULES REQUIREMENTS Peking Founder is the controlling shareholder of the Company holding approximately 30.60% of the issued share capital of the Company as at the date of this announcement, and thus a connected person of the Company for the purposes of the Listing Rules. Accordingly, the transactions contemplated under the Master Purchase Agreement will constitute continuing connected transactions for the Company pursuant to Chapter 14A of the Listing Rules. As one or more of the percentage ratios (as defined under Rule 14.07 of the Listing Rules) for the transactions contemplated under the Master Purchase Agreement exceeds 0.1% and all of the relevant percentage ratios are less than 5%, the transactions contemplated under the Master Purchase Agreement are subject to the reporting, annual review and announcement requirements but are exempt from the independent shareholders’ approval requirement under the Listing Rules. As Xx. Xxxxxx Shuen Lung is a director of Peking University Founder Group Company Limited and therefore is deemed to have a material interest in the Master Purchase Agreement, Xx. Xxxxxx Shuen Lung has abstained from voting on the relevant Board resolution approving the transactions contemplated under the Master Purchase Agreement. Save for the above, to the best knowledge, information and belief of the Directors after having made all reasonable enquiries, no other Director has material interest in the Master Purchase Agreement and will be required to abstain from voting on the r...
INFORMATION OF THE GROUP. The Group is principally engaged in the manufacture of its Xxxx Xxxx watches, the retail sales of its Xxxx Xxxx and Balco watches, retail sales of other brands watches in the PRC, design, manufacture and global distribution of certain owned and licensed international brands of watches, and the ancillary trading of watch movements business.
INFORMATION OF THE GROUP. The Group is a financing service provider in Hong Kong mainly providing secured financing, including pawn loans and mortgage loans under the provisions of the Pawnbrokers Ordinance and the Money Lenders Ordinance. Oi Wah CL and Oi Wah PL, as the lender of the Loans and the Existing Loans, respectively, are indirect wholly-owned subsidiaries of the Company. REASONS FOR THE ENTERING INTO OF THE LOAN AGREEMENTS AND THE EXISTING LOAN AGREEMENTS Having taken into account the principal business activities of the Group, the grant of the Loans and the Existing Loans to the Customers is in the ordinary and usual course of business of the Group. The terms of the Loan Agreements and the Existing Loan Agreements were negotiated on an arm’s length basis between the Group and the Customers. The Directors consider that the grant of the Loans and the Existing Loans is financial assistance provided by the Company within the meaning of the Listing Rules. The Directors are of the view that the terms of the Loan Agreements and the Existing Loan Agreements were entered into on normal commercial terms based on the Company’s credit policy. After having taken into account the satisfactory financial background of the Customers and that a stable revenue and cashflow stream from the interest income is expected, the Directors consider that the terms of the Loan Agreements and the Existing Loan Agreements are fair and reasonable and the entering into of the Loan Agreements and the Existing Loan Agreements is in the interests of the Company and its shareholders as a whole. LISTING RULES IMPLICATIONS As one or more of the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the amount of the Loans granted to Customer C exceeds 5% but is less than 25%, the grant of the Loans constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules. As the Customers are associated with each other and the Existing Loan Agreements and the Loan Agreements were entered into within a 12-month period, the transactions contemplated under the Existing Loan Agreements and the Loan Agreements are required to be aggregated pursuant to Rule 14.22 of the Listing Rules. As one or more of the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the aggregate amount of the Existing Loans and the Loans exceeds 5% but is less than 25%, the grant of the Existing Loans and the Loans in aggregate still constitutes discloseable transacti...
INFORMATION OF THE GROUP. The Group is principally engaged in the developing and manufacturing of polyester filament yarns and three-dimensional printing filaments, the provisions of dyeing services of differentiated polyester filament fabric and trading of polyester filament yarn products in the PRC. LISTING RULES IMPLICATIONS Pursuant to Rule 14.22 of the Listing Rules, the relevant applicable percentage ratios of the investment amounts under the First Asset Management Agreement and the Second Asset Management Agreement are required to be aggregated. As one or more of the applicable percentage ratios in respect of the First Asset Management Agreement and the Second Asset Management Agreement are, in aggregate, more than 5% but less than 25%, the transactions contemplated under the Second Asset Management Agreement constitute discloseable transactions of the Company and are subject to the reporting and announcement requirements, but exempt from the Shareholders' approval requirement under Chapter 14 of the Listing Rules.
INFORMATION OF THE GROUP. As at the date of this announcement, the Group is principally engaged in the securities business, investment and financing and asset management and advisory business.
INFORMATION OF THE GROUP. The Group is principally engaged in (i) property development in Guangdong and Anhui Provinces in the PRC; (ii) property leasing in Shenzhen in the PRC; (iii) provision of hotel and integrated resort general consultancy service in Vietnam; (iv) provision of travel related products and services; (v) development and operation of integrated resort in the Philippines; and (vi) operation of the hotel and gaming business in the Integrated Entertainment Zone of the Primorye Region in the Russian Federation. The Group has been expanding and seeking opportunities to expand its tourism-related business, in particular, investment in integrated resorts and provision of hotel and integrated resort general consultancy services in the South East Asia region.
INFORMATION OF THE GROUP. The Company is an investment holding company and its subsidiaries are principally engaged in trading of scrap ferrous metals, used batteries, waste paper and other scraps in Malaysia.
