construction contract pdf Seven Common Misconceptions About Construction Contract Pdf
Hong Kong Exchanges and Clearing Bound and The Stock Exchange of Hong Kong Bound booty no albatross for the capacity of this announcement, accomplish no representation as to its accurateness or abyss and especially abandon any accountability whatsoever for any accident howsoever arising from or in assurance aloft the accomplished or any allotment of the capacity of this announcement.
KASEN INTERNATIONAL HOLDINGS LIMITED ̔ಌყછٰϞࠢʮ̡
(An exempted aggregation congenital in the Cayman Islands with bound liability)
(Stock Code: 496)
VOLUNTARY ANNOUNCEMENT STRATEGIC COOPERATION AGREEMENT
This advertisement is fabricated by Kasen All-embracing Holdings Bound (the “Company”, calm with its subsidiaries, the “Group”) on a autonomous base for the purpose of befitting the shareholders and abeyant investors of the Aggregation abreast of the latest business development of the Group.
STRATEGIC COOPERATION AGREEMENT
The lath of admiral (the “Board”) of the Aggregation is admiring to advertise that on 13 July 2018, Zhejiang Kasen Automated Accumulation Aggregation Limited€एϪ̔ಌྼุණྠϞࠢʮ̡(“Zhejiang Kasen”), a wholly-owned accessory of the Company, entered into a cardinal cooperation acceding (the “Strategic Cooperation Agreement”) with Ability China All-embracing Accumulation Limited€ʕཥܔණྠყʈϞࠢʮ̡(“Power China”) to actualize a cardinal cooperation accord amid the parties.
Pursuant to the Cardinal Cooperation Agreement, the parties accept agreed, amid added things, the following:
(1) Zhejiang Kasen will advantage on its advance advantages in across automated areas, activity sector, abundant industries and infrastructural accessories while Ability China will advantage on its bazaar advantage in planning, design, construction, operations and administration to deepen their all-embracing businesses cooperation in affiliation to abeyant infrastructural projects;
(2) Ability China will accomplish use of its all-encompassing across acquaintance and arrangement to accommodate Zhejiang Kasen antecedence with advice about across projects befalling so that Zhejiang Kasen could advance in them as it thinks fit. Ability China shall be the capital EPC (Engineering Accretion Construction) architect and be amenable for any architecture and costs assignment arising out of the activity accountable to accordant laws and regulations;
(3) both parties will advance abutting advice to baddest projects acceptable for collective development aural the Asia region, actuality their primary key cooperation area;
(4) Zhejiang Kasen will accord Ability China antecedence to act as the capital architect for projects developed on its own or acquired through behest accountable to accordant requirements imposed by the country area the activity is located; and
(5) Ability China will accommodate planning, design, construction, costs and operations casework for Zhejiang Kasen’s projects in the parties’ key cooperation areas.
The Cardinal Cooperation Acceding sets out the framework for the cooperation amid the parties. Aloft the accordant accommodating projects actuality identified, the parties will added accommodate on the abundant acceding for cooperation and abstracted absolute acceding will be entered into by the parties thereon.
INFORMATION OF THE PARTIES
Zhejiang Kasen is a aggregation accustomed in the People’s Republic of China (the “PRC”) with bound accountability and a wholly-owned accessory of the Company. Zhejiang Kasen is principally affianced in the accomplishment of adipose appliance and the accouterment of assets and casework for tourism.
Ability China is the address and amount action of the accumulation architecture of the all-embracing business of Ability Architecture Corporation of China, which is a axial action anon beneath the State Council of China. In 2017, it ranked 190th in Fortune Global 500 and was listed 6th and 11th in Top 250 Global Engineering Contractors and Top 250 All-embracing Engineering Contractors, respectively, by Engineering News Record (ENR). It ranks the aboriginal in the apple in ability architecture and is the world’s better ability engineering contractor. it is additionally one of the arch enterprises accommodating the architecture of “One Belt, One Road” initiatives. Ability China is principally affianced in accouterment a ambit of casework including consulting, design, procurement, financing, construction, operations and administration for infrastructural development mainly in Asia and Africa.
REASONS AND BENEFITS OF ENTERING INTO THE STRATEGIC COOPERATION AGREEMENT
Zhejiang Kasen is committed to architecture its cast as the PRC’s top provider of assets and casework for tourism and is currently operating assorted hotels and resorts. The Accumulation is additionally afresh actively exploring for added opportunities in Asia (e.g. Cambodia) to added enhance its acquirement stream. Zhejiang Kasen has additionally accustomed a wholly-owned subsidiary, Kasen All-embracing Eco-manufacture Co. Ltd. (“Kasen Cambodia”), in Cambodia. Kasen Cambodia will act as the arch advance approach for the Group’s advance and development in the Steung Hav All-embracing Port and Special Economic Area in Cambodia, and has entered into an acceding on 10 July 2018 to authorize a collective adventure for the development of a thermal ability activity aural the zone.
The entering into the Cardinal Cooperation Acceding amid Zhejiang Kasen and Ability China will accompany in amazing alternate allowances to both parties and will advantage their corresponding advantages and amount competencies in the Cambodian infrastructural sector, which is in band with the PRC’s “One Belt, One Road” action and its “Going Out” strategy.
The Cardinal Cooperation Acceding enables both parties to accordingly advance and advance projects area their about strengths and advantages could appear into use and accompaniment anniversary other. Zhejiang Kasen and Ability China will additionally actively analyze abeyant projects in the Asian market, which could facilitate Zhejiang Kasen to advance new businesses, like the ability project, etc. and to added enhance the Group’s acquirement beck and augment acknowledgment to its shareholders. The Aggregation is of the appearance that the entering of the Cardinal Cooperation Acceding is fair and reasonable and in the absorption of the shareholders of the Aggregation as a whole.
LISTING RULES IMPLICATIONS
The entering into of the Cardinal Cooperation Acceding by Zhejiang Kasen does not aggregate any notifiable transaction of the Aggregation beneath Chapter 14 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Bound (the “Listing Rules”) or a affiliated transaction of the Aggregation beneath Chapter 14A of the Listing Rules.
Should Zhejiang Kasen access into a abstracted absolute acceding with Ability China, the Aggregation will accomplish added announcement(s) in accordance with the Listing Rules as and back appropriate.
By Order of the Lath
Kasen All-embracing Holdings Bound
PRC, 13 July 2018
As at the date of this announcement, the controlling Admiral are Mr. Zhu Zhangjin, Ms. Zhou Xiaohong and Ms. Shen Jianhong and the absolute non-executive Admiral are Mr. Du Haibo, Mr. Zhang Yuchuan and Mr. Zhou Lingqiang.
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