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NVC (02222) announced a wholly-owned subsidiary of Hongkong NVC NVC entered into a service agreement with Singapore, accordingly, Singapore will provide Hongkong with NVC NVC lighting solutions and Asia Pacific and Eastern Europe distributors and dealers management related services.
Hongkong NVC in under the service agreement ended December 31, 2019 3 a year should pay for the price of the annual limit were 5 million yuan, 6 million 500 thousand yuan and 8 million 500 thousand yuan.
At the date of the announcement, Singapore is an executive director of NVC, Wang Dongming's Affiliated Companies, Wang Dongming holds 60% of the equity interests of NVC singapore. Therefore, Singapore for NVC affiliated person of the company under the service agreement, the proposed transaction constitutes a connected transaction.
NVC (02222) announced a wholly-owned subsidiary of Hongkong NVC NVC entered into a service agreement with Singapore, accordingly, Singapore will provide Hongkong with NVC NVC lighting solutions and Asia Pacific and Eastern Europe distributors and dealers management related services.
Hongkong NVC in under the service agreement ended December 31, 2019 3 a year should pay for the price of the annual limit were 5 million yuan, 6 million 500 thousand yuan and 8 million 500 thousand yuan.
At the date of the announcement, Singapore is an executive director of NVC, Wang Dongming's Affiliated Companies, Wang Dongming holds 60% of the equity interests of NVC singapore. Therefore, Singapore for NVC affiliated person of the company under the service agreement, the proposed transaction constitutes a connected transaction.