Examples of Disposed Business in a sentence
The selection will be based on the following specific evaluation criteria, in addition to the overall goals for the Ghent University strategic international cooperation: Evaluation Report1.
On November 1, 2018, the Company completed the sale of its mechanical insulation business (the "Disposed Business") to SPI LLC, an unrelated third party controlled by Dunes Point Capital, for total cash consideration of approximately $122.5 million, and recorded a gain on the sale of $13.7 million, net of taxes.
Accordingly, the financial results of the Disposed Business are presented in the consolidated statement of profit or loss as discontinued operation.
On 2 September 2013, the Group entered into a sale and purchase agreement to dispose of 100% equity interest in a subsidiary, Rich Path, which together with its subsidiaries carried out all of the Group’s operations in the Disposed Business.
The adjustments include an impairment charge of $39.4 million that was incurred in 2014 to write the carrying value of assets associated with the Disposed Business down to fair value less costs to sell.