REPORT OF THE DIRECTORS (CONTINUED)
PURCHASE, SALE OR REDEMPTION OF THE COMPANY'S LISTED SECURITIES
During the year, neither the Company nor any of its subsidiaries had purchased, sold or redeemed any of the Company's listed
securities.
ARRANGEMENT TO PURCHASE SHARES, WARRANTS, OPTIONS OR DEBENTURES
At no time during the year was the Company or any of its subsidiaries a party to any arrangement to enable the directors, chief executive of the Company or any of their spouses or children under eighteen years of age to acquire benefits by means of the acquisition of shares, options, debentures or warrants of the Company or any other body corporate.
FINANCIAL SUMMARIES
The five years' summary of assets and liabilities and ten years' financial summary of the Group are set out on pages 113 to 115 of this Annual Report.
GROUP PROPERTIES
A summary of the Group's properties is set out on pages 116 and 117 of this Annual Report.
RETIREMENT PLANS
The Group's Hong Kong employees participate either in a defined benefit retirement scheme or a Mandatory Provident Fund scheme. Particulars of these retirement plans are set out in note
17 to the financial statements.
CONNECTED TRANSACTIONS
Pursuant to the transactions and arrangements entered into by the Group with persons who are connected persons for the purposes of the Listing Rules, the Group recorded the transactions as described in note 28 to the financial statements.
Continuing Connected Transactions
During the year ended 31 December 2014 and up to the date of this Annual Report, the Company and/or its subsidiaries had entered into certain continuing connected transactions, with details below, which were subject to the annual review and reporting requirements under Chapter 14A of the Listing Rules:
Date
1.
15 March 2011
11 January 2013
Connected Persons
Henderson Real Estate Agency Limited ("HREAL"), a wholly- owned subsidiary of Henderson Land Development Company Limited ("HLD")
HREAL and Henderson Property Agency Limited ("HPAL"), a wholly-owned subsidiary of
HREAL
Transactions
The Group entered into the Fanling Project Management Agreement with HREAL for the appointment of HREAL as the project manager of the development of Green Code at No. 1 Ma Sik Road, Fanling, New Territories, Hong Kong (formerly known as Fanling Sheung Shui Town Lot No. 177) (the "Fanling Property").
The Group entered into the Supplemental Fanling Project Management Agreement with HREAL and HPAL to revise the maximum annual aggregate amounts of the Fanling Project Management Fee during the term of the Fanling Project Management Agreement and to transfer and novate the rights and obligations of HREAL regarding the project sales and marketing services to HPAL.
Details of the Fanling Project Management Agreement and the Supplemental Fanling Project Management Agreement were set out in the announcements of the Company dated 15 March 2011 and 11 January 2013 respectively.
Hong Kong Ferry (Holdings) Company Limited Annual Report 2014
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