Examples of Target Subsidiaries in a sentence
Upon completion of the Previous Capital Contribution and the Current Capital Contribution, the Target Subsidiaries will continue to be the subsidiaries of the Company and the Company will continue to hold the actual control over the Target Subsidiaries.
Upon completion of the Proposed Acquisitions, the Target Subsidiaries will become wholly-owned subsidiaries of the Company and the Transferors will hold a total of 3.19% equity interest in the Company (assuming that the Consideration Convertible Bonds are fully converted into Conversion Shares at the initial conversion price of RMB4.61 per Conversion Share).
Upon completion of the Reorganisation, the Target Company will directly hold the entire issued share capital of each of the Target Subsidiaries.
The Target Subsidiaries are principally engaged in the businesses of the operation of four cinemas in Hong Kong and the sales of merchandise, membership subscription in cinemas, provision in advertising and film distribution agency service.
The Trust will acquire the Company’s shares from the Company (disposition of treasury shares) or the stock market within the maximum amount of money to be contributed by the Company and the Target Subsidiaries and the maximum Number of Shares to be Acquired described in (6) above.