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

Reuters
02 Jun
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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10