CONNECTED TRANSACTIONS (Continued)
Continuing Connected Transactions (Continued)
Date
4.
30 October 2015
Connected Persons
Transactions
OF THE DIRECTORS (CONTINUED)
Heng Tat Construction Company Limited ("Heng Tat"), a wholly-owned subsidiary of HLD
TCS Prime Cost Contract between JLL and Heng Tat, for the appointment of Heng Tat as the main contractor for the development of the TCS Property for a term of three years commencing from 2 November 2015 to 31 December 2018.
The aggregate of the prime costs of all works carried out by Heng Tat 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$ 16,740,000 for the year
ended 31 December 2017.
Details of the TCS Prime Cost Contract were set out in the
announcement of the Company dated 30 October 2015.
TCS Sales Management Agreement between JLL and HPAL for the appointment of HPAL as the sales manager for the development of the TCS Property for a term of three years commencing from the date of the first initial sale of any residential units of the Proposed TCS Development to 31
December 2018.
The sales fee of half of one per cent. (0.5%) of the gross proceeds of sale of the residential units and other portions of the TCS Property shall be subject to the ceiling of HK$600,000 for the year ended 31 December 2017.
Details of the TCS Sales Management Agreement were set out in the announcement of the Company dated 30 October 2015.
5.
30 October 2015
HPAL
25
Hong Kong Ferry (Holdings) Company Limited Annual Report 2017