CONNECTED TRANSACTIONS (Continued)
Continuing Connected Transactions (Continued)
Date
REPORT OF THE DIRECTORS (CONTINUED)
Connected Persons
Transactions
17 July 2015
HPAL and Miramar
5.
28 October 2014
Heng Lai Construction Company Limited ("Heng Lai"), a wholly- owned subsidiary of
HLD
Third 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 July 2015 to the completion date (the earlier of 4 October 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 Third Letter Agreement for the period from 5 July 2015 to 4 October 2015 shall be a maximum of HK$1,000,000.
Details of the Third Letter Agreement were set out in the announcement of the Company dated 17 July 2015. The Third Letter Agreement expired
on 4 October 2015.
Fanling Prime Cost Contract Extension Letter between World Light Limited, a wholly-owned subsidiary of the Company and Heng Lai, to extend the period of payment of fees commencing from 1 June 2014 under the Fanling Prime Cost Contract dated 15 March 2011 for the appointment of Heng Lai as the main contractor 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 Prime Cost Contract expired on 31 May 2014.
The aggregate of the prime costs of all works carried out by Heng Lai itself or by any connected persons (as defined in the Listing Rules) of the Company together with the 5% fee shall be subject to a total annual ceiling of HK$19,000,000 for the year ended 31 December 2015.
Details of the Fanling Prime Cost Contract Extension Letter were set out in the announcement of the Company dated 28 October 2014.
Hong Kong Ferry (Holdings) Company Limited
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Annual Report 2015
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