Examples of Target Group in a sentence
For the year ended 31 December 2018 HK$’000 2017 HK$’000 Profit before taxation 40,139 38,873 Profit after taxation 33,419 32,273 The unaudited consolidated net asset value of the Target Group as at 30 June 2019 amounted to approximately HK$160,789,000.
As part of the internal restructuring plan of the Purchaser group to further their business in the PRC, the Purchaser is desirous of obtaining 100% control of the Target Group and therefore agreed to pay a premium of approximately 26.9% over 49% of the Unaudited NAV for this transaction.
Financial information on the Target Group The Target Company is accounted for as an associate of the Company in the financial statements of the Group.
To the best knowledge, information and belief of the Directors having made all reasonable enquiries, due to the keen competition in the measuring equipment market in Southern China in recent years, the Purchaser has decided to restructure its business in Southern China by, among others, consolidating its interests in the Target Group.
Based on the unaudited consolidated financial information of the Target Group as at 30 June 2019, and assuming the Completion has taken place, the Group is expected to record a gain (before tax and expenses) from the Disposal of not more than HK$21,213,000, representing the difference between the Consideration of the Disposal received under the Sale and Purchase Agreement and the carrying value of the assets in the accounts of the Target Group.