Examples of Target Company in a sentence
Upon completion of the Disposal, the Company’s equity interest in the Target Company will become 5.68% and therefore will cease to be an associate of the Company.
As at the date of this announcement, the entire equity interest in the Target Company is held as to 100% by the Vendor.
As of the date of this announcement, the Target Company is owned as to 20.68% by the Company.
To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, the Purchaser and its ultimate beneficial owners are independent third parties of the Company and its connected persons.The Target Company The Target Company is a limited liability company incorporated in the PRC in 2015 and is principally engaged in the business of providing technical development services for biotech companies.
Set out below is a summary of the audited financial information of the Target Company recognized on the consolidated financial statements of the Company: For the year ended 30 June 2023 RMB’000 (approximately) For the year ended 30 June 2022 RMB’000 (approximately) Profit before taxation 4,358 687 Profit after taxation 5,433 687 INFORMATION OF THE PURCHASER The Purchaser is a company incorporated in the PRC whose principal business is engaged in production of pharmaleutical products.