Sino Land Secures Three-Year Security Services Contract with Ng Family Starting July 2025

Reuters
06-02
Sino Land Secures Three-Year Security Services Contract with Ng Family Starting July 2025

Sino Land Co. Ltd., a subsidiary of TST Properties, has announced a new agreement with the Ng Family for the provision of security services. Effective from July 1, 2025, the contract spans three years, concluding on June 30, 2028. This agreement continues the relationship between Sino Security Services Limited, a wholly-owned subsidiary of Sino Land, and the Ng Family, focusing on properties developed or owned by the Ng Family. The remuneration is structured as a lump sum fee, determined by factors such as the property size, location, and complexity, with a profit margin ranging from 5% to 25%. Payments are to be made monthly in arrears. Sino Land states that the terms are fair, reasonable, and align with their business interests.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sino Land Co. Ltd. published the original content used to generate this news brief on June 02, 2025, and is solely responsible for the information contained therein.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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