DOCSLIB.ORG

Cofco Land Holdings Limited

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Cofco Land Holdings Limited THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt about this circular or as to the action you should take, you should consult your stockbroker, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your Shares in COFCO Land Holdings Limited, you should at once hand this circular together with the accompanying form of proxy to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. This circular is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company. COFCO LAND HOLDINGS LIMITED 中 糧 置 地 控 股 有 限 公 司 (Incorporated in Bermuda with limited liability) (Stock Code: 207) (1) VERY SUBSTANTIAL ACQUISITION AND CONNECTED TRANSACTION IN RELATION TO THE ACQUISITION OF JOY CITY PROJECTS (2) PROPOSED GRANT OF SPECIFIC MANDATE AND (3) PROPOSED GRANT OF COFCO SPECIFIC MANDATE AND CONNECTED TRANSACTION Financial Advisers to the Company Independent Financial Adviser to the Independent Board Committee and the Shareholders A letter from the Board is set out on pages 11 to 37 of this circular. A letter from the Independent Board Committee containing its recommendation to the Shareholders is set out on pages 38 to 39 of this circular. A letter from Somerley, the independent financial adviser, containing its advice to the Independent Board Committee and the Shareholders is set out on pages 40 to 80 of this circular. A notice convening the SGM of the Company to be held at 10:00 a.m. (or immediately following the Change of Name SGM convened on the same day), on Thursday, 27 November 2014, at Gloucester Room II, 3rd Floor, The Excelsior, Hong Kong, 281 Gloucester Road, Causeway Bay, Hong Kong. is set out on pages SGM-1 to SGM-3 of this circular. Whether or not you are able to attend the SGM, you are requested to complete the enclosed form of proxy in accordance with the instructions printed thereon and return it to the Company’s branch share registrar and transfer office in Hong Kong, Tricor Progressive Limited, at Level 22, Hopewell Centre, 183 Queen’s Road East, Hong Kong, as soon as possible but in any event not less than 48 hours before the time appointed for holding the SGM or any adjournment thereof. Completion and return of the form of proxy will not preclude you from attending and voting in person at the SGM or any adjournment thereof should you so wish. 5 November 2014 CONTENTS Page DEFINITIONS ................................................................... 1 LETTER FROM THE BOARD ................................................... 11 LETTER FROM THE INDEPENDENT BOARD COMMITTEE .................... 38 LETTER FROM SOMERLEY .................................................... 40 RISK FACTORS ................................................................. 81 BUSINESS OF THE TARGET GROUP ........................................... 103 CONTINUING CONNECTED TRANSACTIONS .................................. 140 FINANCIAL INFORMATION OF THE TARGET GROUP ........................ 155 APPENDIX I — FINANCIAL INFORMATION OF THE GROUP ............... I-1 APPENDIX II — ACCOUNTANTS’ REPORT OF THE TARGET GROUP ....... II-1 APPENDIX III — UNAUDITED PRO FORMA FINANCIAL INFORMATION OF THE ENLARGED GROUP .............................. III-1 APPENDIX IV — PROPERTY VALUATION OF THE TARGET GROUP ........ IV-1 APPENDIX V — GENERAL INFORMATION .................................. V-1 NOTICE OF THE SGM .......................................................... SGM-1 – i – DEFINITIONS In this circular, unless the context otherwise requires, the following expressions shall have the following meanings: ‘‘2013 Circular’’ the Company’s circular dated 30 November 2013, in relation to the acquisition by the Company of the commercial property portfolio from COFCO Group, which constituted a very substantial acquisition and reverse takeover transaction of the Company ‘‘Achieve Bloom’’ Achieve Bloom Limited (得茂有限公司), a company incorporated in the BVI with limited liability, a controlling shareholder of the Company which as at the Latest Practicable Date held approximately 67.03% of the issued share capital of the Company ‘‘Acquisition’’ the sale and purchase of the Sales Shares and the Shareholder Loans as contemplated under the Acquisition Agreement ‘‘Acquisition Agreement’’ an acquisition agreement dated 12 September 2014 (as supplemented by a supplemental agreement thereto) and entered into among the Company, COFCO Land, Sheen Jade and Magic Grain in relation to the Acquisition ‘‘Announcement’’ the announcement of the Company dated 12 September 2014 in relation to, among other things, the Acquisition ‘‘Average rental rate’’ (a) the total rent (inclusive of any turnover rent) of the relevant period divided by (b) the product of (i) the leasable area of that property provided by management records multiplied by the occupancy rate for the relevant periods, and (ii) the number of days in the relevant periods ‘‘Average selling price’’ in relation to any property in any period, (a) revenue recognised from property sales divided by (b) gross floor area sold of that property ‘‘Beijing COFCO’’ Beijing COFCO Plaza Development Co. Ltd. (北京中糧廣場發 展有限公司), a company incorporated in the PRC with limited liability, a member of the Target Group ‘‘Beijing Gloria Management’’ Beijing Gloria Properties Management Co., Ltd. (北京凱萊物 業管理有限公司), a company incorporated in the PRC with limited liability, a wholly-owned subsidiary of the Company – 1 – DEFINITIONS ‘‘Beijing Hongtaijiye’’ Beijing Hongtaijiye Real Estate Co., Ltd.* (北京弘泰基業房地 產有限公司), a company incorporated in the PRC with limited liability, a member of the Target Group ‘‘Beijing Kunting Asset Beijing Kunting Asset Management Co., Ltd.* (北京昆庭資產 Management’’ 管理有限公司), a company incorporated in the PRC with limited liability, a member of the Target Group ‘‘Board’’ the board of Directors ‘‘Business Day’’ a day (other than a Saturday or Sunday or days on which a tropical cyclone warning number 8 or above or a ‘‘black’’ rain warning signal is hoisted in Hong Kong at any time between 9 am and 5 pm) on which Hong Kong clearing banks are open for the transaction of normal banking business ‘‘BVI’’ the British Virgin Islands ‘‘Call Options’’ the call options granted by COFCO Corporation to the Company for the acquisition of the Joy City Projects or interests in the respective companies holding such Joy City Projects, further details of which are disclosed in the 2013 Circular ‘‘CBRC’’ the China Banking Regulatory Commission (中國銀行業監督 管理委員會) ‘‘Change of Name SGM’’ the special general meeting of the Company convened by the notice dated 4 November 2014 for the purpose of considering, and if thought fit, approving the proposed change of name of the Company ‘‘China Native Produce and China National Native Produce and Animal By-products Animal By-products’’ Import & Export Corporation* (中國土產畜產進出口總公司), a company incorporated in the PRC, a wholly-owned subsidiary of COFCO Corporation ‘‘China or PRC’’ the People’s Republic of China, which shall, for the purposes of this circular, exclude Hong Kong, the Macau Special Administrative Region of the PRC and Taiwan ‘‘COFCO (HK)’’ COFCO (Hong Kong) Limited (中糧集團(香港)有限公司), a company incorporated in Hong Kong with limited liability and wholly owned by COFCO Corporation, a controlling shareholder of the Company – 2 – DEFINITIONS ‘‘COFCO Corporation’’ COFCO Corporation (中糧集團有限公司), a state-owned enterprise incorporated in the PRC in September 1952 under the purview of SASAC, a controlling shareholder of the Company ‘‘COFCO Group’’ COFCO Corporation and its subsidiaries, excluding the Group and the Target Group ‘‘COFCO Investment’’ COFCO Commercial Property Investment Co., Ltd. (中糧置業 投資有限公司), a company incorporated in the PRC with limited liability, a member of the Target Group ‘‘COFCO Land’’ COFCO Land Limited (中糧置地有限公司), a company incorporated in Hong Kong with limited liability and wholly owned by Achieve Bloom ‘‘COFCO Shanghai’’ Shanghai COFCO Property Development Co., Ltd.* (上海中糧 置業發展有限公司), a company incorporated in the PRC with limited liability, a member of the Target Group ‘‘COFCO Specific Mandate’’ the specific mandate proposed to be granted by the Shareholders to the Directors at the SGM to allot and issue not more than 4,175,897,067 new Shares to Achieve Bloom at the Placing Price ‘‘COFCO Share Subscription’’ the potential allotment and issue of the COFCO Subscription Shares to Achieve Bloom by the Company ‘‘COFCO Subscription Shares’’ not more than 4,175,897,067 new Shares to be allotted and issued by the Company to Achieve Bloom pursuant to the COFCO Specific Mandate ‘‘Company’’ COFCO Land Holdings Limited (中糧置地控股有限公司), a company incorporated under the laws of Bermuda with limited liability on 23 September 1992, the Shares of which are listed on the Main Board of the Stock Exchange (stock code: 00207) ‘‘Completion’’ the completion of the Acquisition in accordance with the terms and conditions of the Acquisition Agreement ‘‘Completion Date’’ thedateonwhichCompletionoccurs
Load more

Recommended publications
  • The Globalization of Chinese Food ANTHROPOLOGY of ASIA SERIES Series Editor: Grant Evans, University Ofhong Kong
    The Globalization of Chinese Food ANTHROPOLOGY OF ASIA SERIES Series Editor: Grant Evans, University ofHong Kong Asia today is one ofthe most dynamic regions ofthe world. The previously predominant image of 'timeless peasants' has given way to the image of fast-paced business people, mass consumerism and high-rise urban conglomerations. Yet much discourse remains entrenched in the polarities of 'East vs. West', 'Tradition vs. Change'. This series hopes to provide a forum for anthropological studies which break with such polarities. It will publish titles dealing with cosmopolitanism, cultural identity, representa­ tions, arts and performance. The complexities of urban Asia, its elites, its political rituals, and its families will also be explored. Dangerous Blood, Refined Souls Death Rituals among the Chinese in Singapore Tong Chee Kiong Folk Art Potters ofJapan Beyond an Anthropology of Aesthetics Brian Moeran Hong Kong The Anthropology of a Chinese Metropolis Edited by Grant Evans and Maria Tam Anthropology and Colonialism in Asia and Oceania Jan van Bremen and Akitoshi Shimizu Japanese Bosses, Chinese Workers Power and Control in a Hong Kong Megastore WOng Heung wah The Legend ofthe Golden Boat Regulation, Trade and Traders in the Borderlands of Laos, Thailand, China and Burma Andrew walker Cultural Crisis and Social Memory Politics of the Past in the Thai World Edited by Shigeharu Tanabe and Charles R Keyes The Globalization of Chinese Food Edited by David Y. H. Wu and Sidney C. H. Cheung The Globalization of Chinese Food Edited by David Y. H. Wu and Sidney C. H. Cheung UNIVERSITY OF HAWAI'I PRESS HONOLULU Editorial Matter © 2002 David Y.
    [Show full text]
  • History&Perspectives
    2012 CHINESE AMERICA History&Perspectives THE JOURNAL OF THE CHINESE HISTORICAL SOCIETY OF AMERICA CHINESE AMERICA HISTORY & PERSPECTIVES The Journal of the Chinese Historical Society of America 2012 CHINESE HISTORICAL SOCIETY OF AMERICA Chinese America: History & Perspectives — The Journal of the Chinese Historical Society of America Chinese Historical Society of America Museum & Learning Center 965 Clay Street San Francisco, California 94108 chsa.org Copyright © 2012 Chinese Historical Society of America. All rights reserved. Copyright of individual articles remains with the author(s). ISBN-13: 978-1-885864-47-5 ISBN-10: 1-885864-47-7 Design by Side By Side Studios, San Francisco. Permission is granted for reproducing up to fifty copies of any one article for Educa- tional Use as defined by the Digital Millennium Copyright Act. To order additional copies or inquire about large-order discounts, see order form at back or email [email protected]. Articles appearing in this journal are indexed in Historical Abstracts and America: History and Life. About the cover image: Lum Ngow with his parents in China, 1925. Photo courtesy of Lee Show Nam. 10 9 8 7 6 5 4 3 2 1 Contents THINGS MATTER Chinese American Culture Work and the Gods of Marysville 1 Jonathan H. X. Lee and Vivian-Lee Nyitray LIFE IN A CHINATOWN COLD WATER TENEMENT BUILDING 7 Lyle Jan HISTORY OF TRADITIONAL CHINESE MEDICINE IN CALIFORNIA A Perspective through the Stories of Four Acupuncturists 11 Emily S. Wu “We WERE REAL, SO THERE waS NO NEED TO BE AFRAID” Lum Ngow’s Long Detention on Angel Island 19 Judy Yung THE TWENTY-FIRST-CENTURY CHINESE AMERICA Growth and Diversity 27 Wei Li and Wan Yu About the Contributors 33 About the Editorial Committee 35 Guidelines for Manuscript Submission 37 Chinese Historical Society of America Membership Form 39 iii Things Matter Chinese American Culture Work and the Gods of Marysville Jonathan H.
    [Show full text]
  • Download Here
    ISABEL SUN CHAO AND CLAIRE CHAO REMEMBERING SHANGHAI A Memoir of Socialites, Scholars and Scoundrels PRAISE FOR REMEMBERING SHANGHAI “Highly enjoyable . an engaging and entertaining saga.” —Fionnuala McHugh, writer, South China Morning Post “Absolutely gorgeous—so beautifully done.” —Martin Alexander, editor in chief, the Asia Literary Review “Mesmerizing stories . magnificent language.” —Betty Peh-T’i Wei, PhD, author, Old Shanghai “The authors’ writing is masterful.” —Nicholas von Sternberg, cinematographer “Unforgettable . a unique point of view.” —Hugues Martin, writer, shanghailander.net “Absorbing—an amazing family history.” —Nelly Fung, author, Beneath the Banyan Tree “Engaging characters, richly detailed descriptions and exquisite illustrations.” —Debra Lee Baldwin, photojournalist and author “The facts are so dramatic they read like fiction.” —Heather Diamond, author, American Aloha 1968 2016 Isabel Sun Chao and Claire Chao, Hong Kong To those who preceded us . and those who will follow — Claire Chao (daughter) — Isabel Sun Chao (mother) ISABEL SUN CHAO AND CLAIRE CHAO REMEMBERING SHANGHAI A Memoir of Socialites, Scholars and Scoundrels A magnificent illustration of Nanjing Road in the 1930s, with Wing On and Sincere department stores at the left and the right of the street. Road Road ld ld SU SU d fie fie d ZH ZH a a O O ss ss U U o 1 Je Je o C C R 2 R R R r Je Je r E E u s s u E E o s s ISABEL’SISABEL’S o fie fie K K d d d d m JESSFIELD JESSFIELDPARK PARK m a a l l a a y d d y o o o o d d e R R e R R R R a a S S d d SHANGHAISHANGHAI
    [Show full text]
  • Annual Report 2020
    2020 ANNUAL REPORT JOY CITY PROPERTY LIMITED ANNUAL REPORT 2020 CConttribbutee quualitty greeen liviing sppaca e annd sservicees, leadd thhe treennd of a faashhionaabble liffessttylee, iin orddeer to beecoomee a leaadder aammong reeall esttate brands in thhe PPRC wiwith thhee greeata eest ssustainnabble ddevvelooppmment pootenntiaal. MMaximizee thee benefits off custtomerss, sharehooldeers and staff memberrs wwhoolehearrtedly. CONTENTS Company Profile 2 Corporate Governance Report 73 Major Business Structure 4 Directors’ Report 85 Major Events and Awards 6 Five Years Financial Summary 108 Financial Highlights 12 Independent Auditor’s Report 109 Chairman’s Statement 14 Financial Statements and Notes 113 Joy-Full Occasions 17 Definitions 248 Management Discussion and Analysis 25 Corporate Information 252 Profile of Directors and Senior Management 65 2 Joy City Property Limited Annual Report 2020 Company Profile Joy City Property Limited is a large-scale Kong-Macao Greater Bay Area, Chengdu-Chongqing and commercial property developer and operator, middle Yangtze River. Meanwhile, the Group successfully focusing on the development, operation, established its presence in 20 cities including Beijing, sales, leasing and management of complexes Shanghai, Tianjin, Shenyang, Yantai, Jinan, Hangzhou, and commercial properties in the PRC. Chengdu, Xi’an, Chongqing, Qingdao, Wuhan, Kunming, Sanya, Changsha, Suzhou, Xiamen, Nanchang, Wuxi and COFCO Corporation, the ultimate controlling shareholder Anshan in mainland China and Hong Kong. It possesses or of Joy City Property Limited, is one of the 49 major state- manages 23 Joy City urban complexes, 3 Joy Breeze projects owned enterprises under the administration of the Central and premium investment properties at prime locations in Government of China, and has been selected as one of the first-tier cities, including Beijing COFCO Plaza, Hong Kong Fortune Global 500 for more than 26 consecutive years COFCO Tower and Beijing COFCO • Landmark Tower, since 1995.
    [Show full text]
  • Listing on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited by Way of Placing
    皇璽餐飲 集團控股有限公司 ROYAL CATERING Group Holdings Company Limited (Incorporated in the Cayman Islands with limited liability) Stock Code: 8300 Placing Sole Sponsor Sole Bookrunner and Sole Lead Manager IMPORTANT If you are in any doubt about any of the contents of this prospectus, you should obtain independent professional advice. Royal Catering Group Holdings Company Limited 皇 璽 餐 飲 集 團 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) LISTING ON THE GROWTH ENTERPRISE MARKET OF THE STOCK EXCHANGE OF HONG KONG LIMITED BY WAY OF PLACING Number of Placing Shares : 500,000,000 Shares (subject to the Offer Size Adjustment Option) Placing Price : Not more than HK$0.16 per Placing Share and not less than HK$0.11 per Placing Share plus brokerage fee of 1.0%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%) (payable in full on application and subject to refund) Nominal value : HK$0.01 per Share Stock code : 8300 Sole Sponsor Sole Bookrunner and Sole Lead Manager Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus. A copy of this prospectus with the documents specified in the paragraph headed ‘‘Documents delivered to the Registrar of Companies in Hong Kong’’ in Appendix V to this prospectus, has been registered with the Registrar of Companies in Hong Kong as required by section 342C of the Companies (WUMP) Ordinance (Chapter 32 of the Laws of Hong Kong).
    [Show full text]
  • A Study of Literacy Development
    Early Literacy Development in Mandarin-Speaking Children: The Role of Phonological Awareness, Rapid Naming and Spoken Language Skills Li-Li Yeh Thesis submitted in fulfilment of the regulation for the degree of Doctor of Philosophy Department of Human Communication Sciences University of Sheffield April, 2012 Abstract In Taiwan, many children grow up in a bilingual environment, namely Mandarin and Taiwanese. They learn Zhuyin Fuhao – a semi-syllabic transparent orthography – at the beginning of the first grade before learning traditional Chinese characters. However little is known about the acquisition of literacy in this complex context, especially about the role of phonological awareness (PA), rapid automatized naming (RAN) and other spoken language skills. This longitudinal study is the first systematic attempt to investigate the trajectory of literacy acquisition in Mandarin-speaking children and the impact of instruction in both Zhuyin Fuhao and character. The study was carried out in Taipei. A sample of 92 children were tested in their first grade (mean age of 6;7), and then followed up a year later in their second grade. A comprehensive PA battery was designed to measure implicit and explicit PA of syllables, onset-rime, phonemes and tones. RAN, spoken language skills and literacy skills, including reading accuracy and comprehension in Zhuyin Fuhao and character were also measured, alongside non-verbal intelligence and children’s home languages. It was found that the role of PA in early literacy development of Mandarin-speaking children in Taiwan varies as a function of the orthography system. PA was closely linked to ZF-related tasks and reading comprehension, but not character reading where it had no predictive role.
    [Show full text]
  • Annual Report Joy City Joy
    JOY CITY PROPERTY LIMITED PROPERTY CITY JOY JOY CITY ANNUAL 2017 REPORT 2017 ANNUAL REPORT ANNUAL 2017 “A well-known brand a better future” Joy City was identified as a well-known trademark by the State Administration for Industry and Commerce, indicating official recognition for our brand value and influence. Excellent brand influence is bound to create a lifestyle-leading Committed to becoming of brand property developers in China with greatest sustainable development potential OUR Contribute quality green living space and services, lead the trend of a fashionable lifestyle, in order to become a leader among real estate brands in the PRC with the greatest sustainable development potential.OUR Maximize the benefits of customers, shareholders and staff members wholeheartedly. Company Profile 8 Major Business Structure 10 Major Events and Awards in 2017 12 Financial Highlights 16 Chairman’s Statement 18 Joy-Full Occasions 21 Management Discussion and Analysis 33 Profile of Directors and Senior 63 Management Environmental, Social and 69 Governance Report Corporate Governance Report 93 Directors’ Report 107 Five Years Financial Summary 133 Independent Auditor’s Report 134 Financial Statements and Notes 140 Definitions 280 Corporate Information 284 8 Joy City Property Limited Annual Report 2017 Company Profile Joy City Property Limited Annual Report 2017 9 Joy City Property Limited is a large-scale commercial property developer and operator, focusing on the development, operation, sales, leasing and management of complexes and commercial properties in the PRC. Joy City Property Limited is a large-scale commercial property developer and operator, focusing on the development, operation, sales, leasing and management of complexes and commercial properties in the PRC.
    [Show full text]
  • RED BOAT TROUPES and CANTONESE OPERA By
    RED BOAT TROUPES AND CANTONESE OPERA by LORETTA SIULING YEUNG (Under the Direction of Jean N. Kidula) ABSTRACT: The Cantonese opera, one of China’s major operas, was inscribed as a valuable world heritage to be preserved by the United Nations in 2009. Because Cantonese people have migrated to many continents, performances, practitioners, and audiences, listeners have expanded to beyond Guangzhou in China, and Hong Kong to diasporas. The Red Boat Troupes were influential in shaping contemporary Cantonese opera. They were performing troupes that used boats for transportation between towns and villages in the Pearl River Estuary from the late Qing dynasty until 1938. These boats were specially designed for opera troupes. The boats also served as sleeping quarters for performers, musicians, apprentices, stagehands, and sailors. Many Red Boats were destroyed during the Japanese invasion of China in 1938. Unfortunately, in just 70 years, no more Red boats seem to exist. This study situates the historical background of Cantonese Opera and Red Boat Troupes. Culture, function, life style, the art, performance practice, aesthetics, and music of Cantonese opera in the Red Boat society are examined. The thesis also looks into the social and economic understandings that brought about the demand for the Red Boat Troupe industry. Changes due to modernity, industrialization, metropolitan living, trade, colonialism, Westernization, and improved transportation affected the development of Cantonese opera. Feminist movement, cross-gender performance, economics, and class issues historically associated with the opera are examined and compared to recent activities in Hong Kong, and in one Cantonese diaspora, Vancouver of Canada. The findings from the research shed light on the genre with a hope of preserving the heritage and increasing the practice and consumption of Cantonese opera.
    [Show full text]
  • The Association for Diplomatic Studies and Training Foreign Affairs Oral History Project
    The Association for Diplomatic Studies and Training Foreign Affairs Oral history Project JOHN J. TKACIK, JR. Interviewed by: Charles Stuart Kennedy Initial Interview date: March 23, 2001 Copyright 2018 ADST [Note: this interview was not completed and was not edited by Mr. Tkacik.] Q: Today is March 23, 2001, this is an interview with John J. Tkacik, Jr. This is being done on behalf of the Association for Diplomatic Studies and Training and I am Charles Stuart Kennedy and you go by John, is that right? TKACIK: Yes! That is right. Q: Could you, let’s just start at the beginning? Could you tell me when and where you were born and something about your family? TKACIK: I was born on May 13th 1949. It was a Friday the 13th at the University Hospital in Urbana, Illinois. My father was at the University of Illinois getting his Masters in Engineering. He was an Army Captain at the time. Q: This was what year? TKACIK: 1949. Q: 1949, So, this was just before the Korean War? TKACIK: It was almost a year before, just a little bit more before the Korean War. My father was headed out to Germany to take over an Engineering Battalion, actually a Construction Battalion in occupied Germany. And we lived in three different places. But, we left in August of ’49. Sailed across the ocean. And returned from Germany three years later in ’52. Q: Let me go back just a bit. Can you tell me something about sort of the background of both your mother and your father? First place the name Tkacik is a hard one to pronounce.
    [Show full text]
  • What Do Teachers of Chinese As a Foreign Language Believe About Teaching Chinese Literacy to English Speakers?
    What do Teachers of Chinese as a Foreign Language Believe about Teaching Chinese Literacy to English Speakers? By © 2018 Sheree A. W. Willis DPhil, University of Kansas, 2018 M.A., University of Kansas, 2000 B.A., University of Kansas, 1979 Submitted to the graduate degree program in Curriculum and Instruction and the Graduate Faculty of the University of Kansas in partial fulfillment of the requirements for the degree of Doctor of Philosophy. Chair: Lizette Peter Steven White Heidi Hallman Dennis Karney J. Megan Greene Date Defended: 24 July 2018 The dissertation committee for Sheree A. W. Willis certifies that this is the approved version of the following dissertation: What do Teachers of Chinese as a Foreign Language Believe about Teaching Chinese Literacy to English Speakers? Chair: Lizette Peter Date Approved: 24 July 2018 ii Abstract This study was motivated by a recognition of the difficulties of teaching literacy in Chinese as a foreign language (CFL). CFL teachers deliberate over pedagogy, content sequencing, goals for literacy learning, and the use of authentic materials. These issues are complicated by the long history of Chinese literacy practices and the cultural significance of the writing system. The teachers bring rich personal histories and expertise, shaped by this cultural background, to their teaching. The study aims to gain a better understanding of teacher cognition on teaching Chinese literacy, to inform the discussion on improving CFL literacy instruction. The participants are five teachers raised and educated in China who are currently teaching in U.S. K-12 schools. This qualitative study employs semi-structured interviews, triangulated with lesson plans and classroom observations.
    [Show full text]
  • Joy City Property
    Deutsche Bank Markets Research Rating Company Date 20 May 2015 Buy Joy City Property Initiation of Coverage Asia Hong Kong Reuters Bloomberg Exchange Ticker Price at 19 May 2015 (HKD) 2.08 Property 0207.HK 0207 HK HKG 0207 Price target - 12mth (HKD) 4.50 Property 52-week range (HKD) 2.09 - 1.33 HANG SENG INDEX 27,591 Strong recurrent income, upsides Tony Tsang Jason Ching, CFA from SOE reform; initiating with Buy Research Analyst Research Analyst (+852) 2203 6256 (+852) 2203 6205 A fast-growing state-owned landlord; TP HK$4.50; implied upside 116% [email protected] [email protected] Joy City is a 66.8%-owned property flagship of COFCO. Our positive call on Joy City is based on its quality recurrent income base, strong state-owned background (well below-peer interest cost), strong balance sheet, strong Price/price relative organic growth (we expect core net profit growth of 39-66% p.a. in 2015-17 on 5.0 strong revenue growth with improving margins), and strong additional NAV 4.0 and earnings upsides from expected further asset injections from COFCO. 3.0 High-quality IP portfolio providing solid recurrent income with solid growth 2.0 In contrast to most listed Chinese developers (which focus on property sales), 1.0 Joy City focuses primarily on prime-location investment properties that 5/13 11/13 5/14 11/14 generate recurrent income, which in our view should command higher Joy City Property valuation multiples. We see the following unique characteristics: 1) recurrent HANG SENG INDEX (Rebased) income makes up a high % of Joy City’s total revenue; 2) the IPs of Joy City Performance (%) 1m 3m 12m are all located in Tier-1 and major Tier-2 cities, where consumption power is relatively strong, consumers are more mature and oversupply of new Absolute 33.3 41.5 9.5 properties is less serious; and 3) it has a clear IP focus and positioning – Joy HANG SENG INDEX -0.2 11.1 21.5 City Shopping Malls makes up the bulk of Joy City’s IP portfolio (ex hotels).
    [Show full text]
  • Seeking Stability As Turmoil Ebbs 動盪中求穩 Jul 2020 Jul
    INSIDE THIS TWO SESSIONS IRELAND: AT THE HEART CHINACHEM BUILDS A IN FOCUS OF EUROPE SUSTAINABLE FUTURE 工 商 月 刊 ISSUE 今期內容 兩會焦點 愛爾蘭：歐洲核心 華懋建設可持續未來 July 2020 HKGCC: The Voice of Business in Hong Kong THE BULLETIN SEEKING STABILITY AS TURMOIL EBBS 動盪中求穩 JUL 2020 HK$30 RMB25 Navigating Through Stormy Seas We must ensure that Hong Kong businesses are ready to take advantage of opportunities when the current crisis ebbs It was great to “meet” the pandemic that continues members during our online to spread globally, but we can webinar last month. I’d navigate the storms and prepare like to thank everyone for for calmer days ahead. A key part participating, and for your of this is ensuring that businesses thoughtful questions and are making the most of the suggestions. opportunities available, including I hope to have the opportunity those on our doorstep in the to meet members in person Greater Bay Area. before too long. But such online In recent years, the Chamber’s events are great examples of how China Committee has done important the digital aspect has a tremendous job in helping become to businesses today. members learn about the latest Covid-19 has accelerated the GBA developments and to connect adoption of digital technology, them with businesspeople and and people across all sectors officials across Guangdong have now become accustomed to Province. Although our popular 乘風破浪 interacting online, so this way of missions to GBA cities are on hold doing business will likely become a for now, the Chamber will continue to keep our members up to date 我們必須確保香港企業準備就緒，待當前危機過後把握機遇 normal part of our professional life.
    [Show full text]