22
REPORT OF THE DIRECTORS (CONTINUED)
CONNECTED TRANSACTIONS (Continued)
Continuing Connected Transactions (Continued)
Date
4.
5 August 2014
20 March 2015
Connected Persons
Transactions
HPAL and Miramar
Hotel and Investment Company, Limited ("Miramar"), of which
HLD is a substantial
shareholder
HPAL and Miramar
Letter Agreement between WDL and HPAL to lease portions of Shops 501-502 and 503A-C, 5th Floor, Miramar Shopping Centre, 132 Nathan Road, Tsimshatsui, Kowloon, Hong Kong (the "Premises") 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). WDL was the principal and HPAL acted as agent of WDL under the Miramar/HPAL Agreement, as disclosed in the announcement of Miramar dated 10 July 2014.
The aggregate rents, fees and other charges (exclusive of Government rates) to HPAL under the Letter Agreement for the period from 1 January 2015 to 4 April 2015 shall be a maximum of HK$1,100,000.
Details of the Letter Agreement were set out in the announcement of the Company dated 5 August 2014. The Letter Agreement expired on 4 April 2015.
Second Letter Agreement between WDL and HPAL to lease the Premises for the continuation of use as show flats and sales office of the Hung Hom Property for the period from 5 April 2015 to the completion date (the earlier of 4 July 2015 and the date on which the last residential unit in the Hung Hom Property to be sold is sold). WDL was the principal and HPAL acted as agent of WDL under the Miramar/HPAL Agreement, as disclosed in the announcement of Miramar dated 10 July 2014.
The aggregate rents, fees and other charges (exclusive of Government rates) to HPAL under the Second Letter Agreement for the period from 5 April 2015 to 4 July 2015 shall be a maximum of HK$1,000,000.
Details of the Second Letter Agreement were set out in the announcement of the Company dated 20 March 2015. The Second Letter Agreement expired on 4 July 2015.
Hong Kong Ferry (Holdings) Company Limited Annual Report 2015