FINANCIAL INFORMATION OF THE TARGET COMPANY Sample Clauses

FINANCIAL INFORMATION OF THE TARGET COMPANY. Based on the Target Company’s unaudited consolidated financial statements for the nine months ended 30 September 2023 and its audited consolidated financial statements prepared in accordance with the Accounting Standards for Business Enterprises of China (中國企業會計準則) for the years ended 31 December 2021 and 2022 as published in its interim report and annual reports for the said periods, the Target Group’s profits before and after taxation for the years ended 31 December 2021 and 2022, and the nine months ended 30 September 2023 are as follows: For the year ended 31 December 2021 For the year ended 31 December 2022 For the nine months ended 30 September 2023 Profits before taxation RMB500,912,184.30 RMB749,677,743.31 RMB634,922,410.77 Profits after taxation RMB438,375,219.52 RMB662,469,368.60 RMB548,772,651.45 Based on the unaudited consolidated financial statements of the Target Company as published in its third quarterly report for the financial year of 2023, its total asset value, net asset value and net asset value attributable to shareholders as at 30 September 2023 are RMB7,086.2 million, RMB5,358.6 million and RMB5,332.3 million, respectively. Market price and net asset value of Nantong Jianghai Shares and market value of the 20.02% shareholding in the Target Company As at 31 December 2023, the 52-week lowest and highest trading price of a Nantong Jianghai Share is RMB14.41 and RMB26.38 respectively, and the average closing price of a Nantong Jianghai Share in the last one year is RMB19.60. Based on such average closing price of RMB19.60 in the last one year, the market value of 170,130,000 Nantong Jianghai Shares, representing 20.02% shareholding in the Target Company, is RMB3,334,548,000. The unaudited consolidated net asset value per Nantong Jianghai Share as at 30 September 2023 is approximately RMB6.31, which is calculated based on the unaudited consolidated net asset value of the Target Company attributable to its shareholders of RMB5,332,325,622.73 as at 30 September 2023 divided by the total number of 845,286,241 Nantong Jianghai Shares in issue as at 30 September 2023. The Purchaser Zhejiang Construction Investment Group Company Limited* (浙江省經濟建設投資有限公司) is a state-owned enterprise incorporated in the PRC on 28 January 1988. The Purchaser is a wholly-owned subsidiary of Zhejiang Communications (which is controlled by Zhejiang SASAC) and an investment holding company with a primary focus on transportation related industries and strategic emergin...
Sample 1
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FINANCIAL INFORMATION OF THE TARGET COMPANY. As informed by the Vendors, the unaudited financial information of the Target Company for the financial years ended 31 December 2012, 2013 and the 11-month ended 30 November 2014 respectively, are summarized as follows (for illustration purposes only): For the period ended 30 November For the year ended 31 December For the year ended 31 December 2014 2013 2012 (RMB’000) (RMB’000) (RMB’000) (unaudited) (unaudited) (unaudited) Revenue 26,425 30,751 26,026 Loss before taxation (29,583) (20,110) (16,021) Loss after taxation (29,583) (20,110) (16,021) As at 30 November 2014 As at 31 December 2013 As at 31 December 2012 (RMB’000) (RMB’000) (RMB’000) (unaudited) (unaudited) (unaudited) Net assets 9,948 38,070 55,261 REASONS FOR AND BENEFITS OF THE ACQUISITION The principal business activity of the Company is investment holding. The Group is principally engaged in (i) the sale and manufacture of high quality multi-colour packaging products, carton boxes, books, brochures and other paper products; (ii) provision of finance;
Sample 1
FINANCIAL INFORMATION OF THE TARGET COMPANY. The followings are financial information on the Target Company for the two years ended 31 December 2014 which were prepared in accordance with the accounting policies of HKFRSs: For the year ended 31 December Target Company 2013 HK$’000 (audited) 2014 HK$’000 (audited) Net profit before taxation 23,286 353,187 Net profit after taxation 21,472 295,597 INFORMATION OF THE PURCHASERS Each of the Purchasers is an Independent Third Party. Save for AAA Mining, Mars Int’l, IFC Pearl, Spring Ample and Xxxx Xxxx, all other Purchasers are natural persons. AAA Mining is a company incorporated in the British Virgin Islands with limited liability and its entire issued share capital is beneficially owned by Xx. Xxxx and Xxx. Xxxx equally. The principal business activity of AAA Mining is investment holding. Mars Int’l is a company incorporated in Hong Kong with limited liability and its entire issued share capital is beneficially owned by Xx. Xx. The principal business activity of Mars Int’l is investment holding. IFC Pearl is a company incorporated in Hong Kong with limited liability and its entire issued share capital is beneficially owned by Xx. Xxxxxx. The principal business activity of IFC Pearl is investment holding. Spring Ample is a company incorporated in the British Virgin Islands with limited liability and its entire issued share capital is beneficially owned by Xx. Xxxx. The principal business activity of Spring Ample is investment holding. Xxxx Xxxx is a company incorporated in the Republic of Seychelles with limited liability and its entire issued share capital is beneficially owned by Xx. Xxxx. The principal business activity of Xxxx Xxxx is investment holding. REASONS FOR THE DISPOSAL The Company is an investment holding company and its subsidiaries are principally engaged in trading of securities, property investment and development of the liquefied natural gas (“LNG”) businesses. The Board constantly reviews the Company’s business strategy in maximising the value of the Company and continues to explore attractive business opportunities. Given the Disposal allows the Group to realise the Sale Shares into cash and improve the financial position of the Group and the subscription money in relation to the Subscription shall be funded by the Loan, the Directors consider it is a good opportunity for the Company to dispose of the Sale Shares at a reasonable price, the net proceeds of which will be used for the development of the LNG businesses, future potential ...
Sample 1
FINANCIAL INFORMATION OF THE TARGET COMPANY. The unaudited book value of the assets which are the subject of the Disposal as at 31 December 2015 was HK$5,472,000. Set out below is a summary of the financial performance of the Target Group for the two years ended 31 December 2015 and 31 December 2014 based on its unaudited management accounts: UNAUDITED For the year ended For the year ended 31 December 2015HK$ 31 December 2014HK$ Net profit/(loss) before taxation 1,296,787 (544,210) Net profit/(loss) after taxation 1,296,787 (544,210) REASONS FOR AND BENEFITS OF THE DISPOSAL AND THE RESCISSION The Group is principally engaged in system development, professional services, money lending business and proprietary trading business. In light of the recent performance and latest financial information on the Target Company as described above, the Directors consider the Disposal and the Rescission (i) provides the Company with a good opportunity to receive a reasonable amount as the sales proceeds; and (ii) enables the Group to focus its resources in other business opportunities that could provide a higher return on investment to the Shareholders. The Directors believe the Disposal and the Rescission is in the best interests of the Company and the Shareholders as a whole. In addition, the Directors consider that the terms of the Sale and Purchase Agreement and the Rescission Agreement are on normal commercial terms and are fair and reasonable and the Disposal and the Rescission is in the interests of the Company and the Shareholders as a whole. The Group will continue to maintain its strategy to broaden its perspective within/beyond IT sector and potentially also invest into and/or make acquisition in other industries (includes renewable energy and other “green” businesses, the financial industry, and more traditional non-IT business) so long as such investments can bring value and are beneficial to the Company and its Shareholders as a whole.
Sample 1
FINANCIAL INFORMATION OF THE TARGET COMPANY. Set out below is the audited financial information of the Target Company for the two financial years ended 31 March 2019: For the year ended 31 March 2018 2019 HK$ HK$ Profit before tax 1,055,540 860,867 Profit after tax 992,112 890,867 As at 31 March 2019, the net assets value of the Target Company was HK$139,095,501. REASONS FOR THE ACQUISITION As at the date of the Agreement, the Purchaser holds 9% of the issued share capital of the Target Company. Upon Completion, the Purchaser will own 100% of the Target Company and the results of the Target Company will be consolidated with the accounts of the Group. The Target Company was incorporated in Hong Kong on 18 June 2007. It is principally engaged in dealing in securities (Type 1 regulated activities under the SFO), provision of margin financing and the provision of nominee and custodian services. The principal assets of the Target Company are cash and cash equivalents, cash held on behalf of customers and trade receivables. The Group plans to use the Target Company as its initial platform in establishing its financial services and related businesses. The Group currently holds the licence to carry out Type 4 (advising on securities) and Type 9 (asset management) regulated activity under the SFO. By entering into the Agreement, subject to Completion, the Group can participate in dealing in securities which can provide further synergy to the financial services. Given Hong Kong’s leading role as a global financial center, the Directors are of the view that the Acquisitions will provide a prime opportunity for the Group to enter into the securities market in Hong Kong which, going forward, is expected to increase the Shareholders’ value and benefit the Company and the Shareholders as a whole. The Directors (including the independent non-executive Directors and excluding Xx. Xxxx who is considered to be interested in the transactions contemplated under the Agreement) are of the view that the Agreement was entered into in the ordinary and usual course of business of the Group, on normal commercial terms, and that the terms and conditions of the Agreement (including the consideration) are fair and reasonable and in the interests of the Company and the Shareholders as a whole. At the Board meeting held to approve the Agreement, Xx. Xxxx is considered to be interested in the transactions contemplated under the Agreement and have abstained from voting at the Board meeting in respect of the resolution proposed to appr...
Sample 1
FINANCIAL INFORMATION OF THE TARGET COMPANY. The unaudited consolidated financial information of the Target Company for the period since 3 September 2009 (date of incorporation) to 31 December 2010 was as follows: For the period from 3 September 2009 (date of incorporation) to 31 December 2010 (unaudited) Revenue HK$14.5 million Net profit before taxation HK$82.0 million Net profit after taxation HK$68.9 million Total assets HK$461.2 million Total liabilities HK$392.3 million Net assets HK$68.9 million Shareholder’s loan HK$203.2 million The Property owned by the Target Group consists of a 24-storey commercial building with gross area of approximately 70,616 sq. ft. As of 22 June 2011, the occupancy rate was approximately 94%.
Sample 1
FINANCIAL INFORMATION OF THE TARGET COMPANY. The Target Company recorded an unaudited net profit (before and after taxation and extraordinary items) of approximately HK$662.4 million and HK$500.9 million for the year ended 31 July 2011, and approximately HK$466.0 million and HK$347.8 million for the year ended 31 July 2012, respectively. The unaudited net assets of the Target Company as at 30 April 2013 was approximately HK$2,922.3 million.
Sample 1
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Related to FINANCIAL INFORMATION OF THE TARGET COMPANY

  • Seller Financial Information If requested by Buyer, Seller shall deliver to Buyer (a) within one hundred twenty (120) days following the end of each fiscal year, a copy of Seller’s annual report containing unaudited consolidated financial statements for such fiscal year (or audited consolidated financial statements for such fiscal year if otherwise available) and (b) within sixty (60) days after the end of each of its first three fiscal quarters of each fiscal year, a copy of such Party’s quarterly report containing unaudited consolidated financial statements for such fiscal quarter. In all cases the statements shall be for the most recent accounting period and shall be prepared in accordance with Generally Accepted Accounting Principles; provided, however, that should any such statements not be available on a timely basis due to a delay in preparation or certification, such delay shall not be an Event of Default so long as such Party diligently pursues the preparation, certification and delivery of the statements.

  • Buyer Financial Information If requested by Seller, Buyer shall deliver to Seller (a) within one hundred twenty (120) days after the end of each fiscal year with respect to Buyer, a copy of Buyer’s annual report containing audited consolidated financial statements for such fiscal year, if available, and (b) within sixty (60) days after the end of each of Buyer’s first three fiscal quarters of each fiscal year, a copy of Buyer’s quarterly report containing unaudited consolidated financial statements for each accounting period, if available, prepared in accordance with Generally Accepted Accounting Principles. Buyer shall be deemed to have satisfied such delivery requirement if the applicable report is publicly available on Buyer’s website or on the SEC XXXXX information retrieval system; provided however, that should such statements not be available on a timely basis due to a delay in preparation or certification, such delay shall not be an Event of Default, so long as such statements are provided to Seller upon their completion and filing with the SEC.

  • Access to Financial Information Buyer’s representatives shall have access to, and Seller and its Affiliates shall cooperate with Buyer and furnish upon request, all financial and other information relating to the Hotel’s operations to the extent necessary to enable Buyer’s representatives to prepare audited financial statements in conformity with Regulation S-X of the Securities and Exchange Commission (the “SEC”) and other applicable rules and regulations of the SEC and to enable them to prepare a registration statement, report or disclosure statement for filing with the SEC on behalf of Buyer or its Affiliates, whether before or after Closing and regardless of whether such information is included in the Records to be transferred to Buyer hereunder. Seller shall also provide to Buyer’s representative a signed representation letter in form and substance reasonably acceptable to Seller sufficient to enable an independent public accountant to render an opinion on the financial statements related to the Hotel. Buyer will reimburse Seller for costs reasonably incurred by Seller to comply with the requirements of the preceding sentence to the extent that Seller is required to incur costs not in the ordinary course of business for third parties to provide such representation letters. The provisions of this Section shall survive Closing or termination of this Contract.

  • DISCLOSURE OF FINANCIAL INFORMATION 26.1 The Customer represents and warrants that the financial information disclosed to us in his/its Application is an accurate representation of the Customer’s current financial condition.

  • OPERATIONAL INFORMATION (i) ISIN Code: [ ]

  • Financial Information Upon written request the Company agrees to send or make available the following reports to the Buyer until the Buyer transfers, assigns, or sells all of the Securities: (i) within ten (10) days after the filing with the SEC, a copy of its Annual Report on Form 10-K its Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K; (ii) within one (1) day after release, copies of all press releases issued by the Company or any of its Subsidiaries; and (iii) contemporaneously with the making available or giving to the shareholders of the Company, copies of any notices or other information the Company makes available or gives to such shareholders.

  • Trade Secrets, Commercial and Financial Information It is expressly understood that Mississippi law requires that the provisions of this contract which contain the commodities purchased or the personal or professional services provided, the price to be paid, and the term of the contract shall not be deemed to be a trade secret or confidential commercial or financial information and shall be available for examination, copying, or reproduction.

  • Supporting Information Each Franchise Fee payment shall be accompanied by a brief report prepared by a representative of Franchisee showing the basis for the computation.

  • Budget Information Funding Source Funding Year of Appropriation Budget List Number Amount EPIC 18-19 301.001F $500,000 EPIC 20-21 301.001H $500,000 R&D Program Area: EDMFO: EDMF TOTAL: $ 1,000,000 Explanation for “Other” selection Reimbursement Contract #: Federal Agreement #:

  • Billing Information 6.1 NLT and the RL shall provide each other with information within their possession that is necessary to allow them to provide accurate and timely billing to each other and to any other relevant third parties.

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