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.
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