Examples of Target Group in a sentence
The cinemas under the Target Group are currently operated with the brand “Emperor” which will be unified under the Group upon Completion.
The amount of HK$1,300,000,000 represents approximately 51% of HK$2,575,000,000 which in turn represents the estimated mid valuation of the entire equity interest of the Target Group between the valuation of HK$1,700,000,000 in May 2016 and the valuation of HK$3,450,000,000 as at 3 March 2017.
Further, it is noted that the valuation of the Target Group has increased substantially from HK$1,700,000,000 in May 2016 to HK$3,450,000,000 (based on which the Consideration was determined) on 3 March 2017 for the entire equity interest in the Target Group.
Pursuant to the Supplemental Agreement, the Vendor irrevocably guaranteed to the Company that there will be no impairment on the amount of goodwill arising from the Target Group determined in accordance with the Hong Kong Financial Accounting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (the “Goodwill”) as a result of the Acquisition in the audited consolidated accounts of the Group for the year ending 31 December 2017 (the “2017 Audited Accounts”).
There are no judgments, injunctions, writs, orders or decrees binding upon any member of the Target Group that individually or in the aggregate would reasonably be expected to have a Material Adverse Effect on the Target Group.