REPORT OF THE DIRECTORS (CONTINUED)
CONNECTED TRANSACTIONS (Continued)
Continuing Connected Transactions (Continued)
Date
Connected Persons
Transactions
6.
5 September 2013
HREAL
7.
24 December 2013 HPAL
8.
5 August 2014
HPAL and Miramar Hotel and
Investment Company, Limited ("Miramar"), of which HLD is a
substantial shareholder
The Group entered into the Hung Hom Project Management Agreement with HREAL for the appointment of HREAL as the project manager of the development of Hung Hom Inland Lot No. 555, Kowloon, Hong Kong located at the junction of Gillies Avenue South and Bulkeley Street, Hung Hom, Kowloon, Hong Kong (the "Hung Hom Property").
Details of the Hung Hom Project Management Agreement were set out in the announcements of the Company dated 5 September 2013.
The Group entered into the Hung Hom Sales Management Agreement with HPAL for the appointment of HPAL as the sales manager of the Hung Hom Property.
Details of the Hung Hom Sales Management Agreement were set out in the announcements of the Company dated 24 December 2013.
The Group entered into a letter agreement with HPAL to lease portions of Shops 501-502 and 503A-C, 5th Floor, Miramar Shopping Centre, 132 Nathan Road, Tsimshatsui, Kowloon, Hong Kong for use as show flats and sales office of the Hung Hom Property for the
period from 5 August 2014 to the completion date (the earlier of 4 April 2015 and the date on which the last residential unit in the Hung Hom Property to be sold is sold). The Group was the principal and HPAL acted as agent of the Group under the Miramar/HPAL Agreement, as disclosed in the announcement of Miramar dated 10 July 2014.
Details of the Letter Agreement were set out in the announcement of the Company dated 5 August 2014.
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Hong Kong Ferry (Holdings) Company Limited Annual Report 2014