INFORMATION OF THE TARGET GROUP Sample Clauses
The "Information of the Target Group" clause requires the disclosure or provision of relevant information about a specific group that is the focus of an agreement or activity. In practice, this clause may obligate one party to share demographic data, contact details, or other pertinent characteristics of the target group with another party, often to facilitate marketing, research, or service delivery. Its core function is to ensure that all parties have access to necessary information about the group in question, thereby enabling effective planning and execution of the agreement's objectives.
INFORMATION OF THE TARGET GROUP. The Target Group mainly consists of the Target Company and two operating subsidiaries, namely NSSW and NSSZ. The Target Company is an investment holding company incorporated in Hong Kong on 19 March 2004 and holds the entire shareholding interest in each of NSSW and NSSZ. The Target Group was acquired by ▇▇. ▇▇ and his spouse at a total consideration of HK$31 million in 2016. NSSW was incorporated in Hong Kong on 3 November 2010 and is principally engaged in the trading of printing and packaging products businesses. NSSZ was established in Shenzhen on 1 December 2009 and is principally engaged in the manufacture and trading of printing and packaging products businesses. The manufacturing base of the Target Group, which is owned by NSSZ, is located in Shenzhen, with an aggregate gross floor area of approximately 18,100 sq.m. The manufacturing base is equipped with major automated manufacturing machines, including offset 5 and 6 colours printers and full rotary label press machine, hot stamping foil machine, paper bag forming machine, silk screening machine, die cutting/slotting machine, paper surface line-inpress machine, etc. The estimated maximum printing capacity of the manufacturing base is over 25,000 sheets of paper per-hour and the utilisation rate for the financial year ended 31 March 2019 is approximately 60-70%. The Target Group produces and sells various printed products, including paper packaging products (i.e. gift packages and container boxes with logo, brands and graphics), paper gift items (i.e. jewelry boxes, carrier bags, letter sets and other stationery and gift accessories), paper promotional materials (i.e. leaflet, manuals, catalogues and other promotional materials) and other various paper printed products. The Target Group’s customers generally provide the product design and/or specifications to the Target Group for quotation. Based on such product design and/or specifications, the Target Group provides product development, product engineering and printing solutions to the customers for consideration and then make prototypes or mock-up samples for customers’ review and confirmation. Upon the confirmation of sales orders by the customers, the Target Group sources raw materials and proceeds to manufacture the products for the customers. The Target Group implements stringent quality control measures to ensure the procurement and production process. The Target Group arranges third party logistics operators to collect raw materials, if no...
INFORMATION OF THE TARGET GROUP. The Target Company has been incorporated in China for over 20 years and mainly produces radiators which are mainly in power transformers as cooling components. The Target Group has a diversified customer bases which include customers from China, Japan, Europe, South America and North America. The Target Company operates production facilities in China with factory size of approximately 15,000 square meters. It has a total number of over 130 staff members. The Target Company is also awarded with a number of certificates such as ISO certificates. As set out in the unaudited consolidated financial statements of the Target Group, the unaudited profits before tax were approximately RMB 23.4 million and RMB 22.7 million for the two years ended 31 December 2014 and 2015 respectively.
INFORMATION OF THE TARGET GROUP. The Target Group is principally engaged in the distribution and retailing of fashion apparels and accessories in the PRC. The unaudited consolidated net asset value of the Target Group as at 30 June 2014 was approximately HK$58,343,000. The audited consolidated loss before and after taxation and extraordinary items of the Target Group for the year ended 31 December 2012 were approximately HK$206,000 and approximately HK$533,000 respectively. The audited consolidated loss before and after taxation and extraordinary items of the Target Group for the year ended 31 December 2013 were approximately HK$33,673,000 and approximately HK$33,709,000 respectively. The Vendor is principally engaged in investment holding. The Purchaser is principally engaged in investment holding. The Group is principally engaged in the business of operating department stores in the PRC.
INFORMATION OF THE TARGET GROUP. The Target Group consists of the Target Company and its subsidiaries, namely Shaanxi Hi-tech and Daxingtang. Each of the Target Company, Shaanxi Hi-tech and Daxingtang are companies established in the PRC with limited liability. The Target Company is principally engaged in manufacturing and sales of Chinese medicine products. The Target Company has the land use rights pertaining to three pieces of lands in the PRC, (i) two of which are situated at ▇▇. ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇* (金台區中山西路▇▇號), ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, the PRC, both being held by the Group in return of rental income; and (ii) one of which is situated at 14km away from Baoping Road, Chencang District* (陳倉區寶平路十四公里處), Baoji City, Shaanxi Province, the PRC, where a production base has been built for manufacturing Chinese medicine products. Shaanxi Hi-tech is principally engaged in manufacturing and sales of Chinese medicine products. Shaanxi Hi-tech has the land use right pertaining to one piece of land in the PRC situated at ▇▇. ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇* (陳倉區高新大道▇▇▇號), ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, the PRC, where a new production base is under construction for manufacturing Chinese medicine products. Daxingtang is principally engaged in research and development of Chinese medicine products. Daxingtang is inactive as at the date of this announcement. Set out below are certain consolidated financial information of the Target Group prepared under accounting principles generally accepted in the PRC: For the year ended 31 December For the year ended 31 December Revenue 67,473 62,320 Net profit before taxation 2,161 2,044 Net profit after taxation 2,161 2,044 Based on the unaudited consolidated financial information of the Target Group, the total assets value and net assets value of the Target Group were approximately RMB211,319,720 and RMB39,465,103 respectively as at 31 December 2022. FINANCIAL EFFECTS OF THE TRANSACTION Upon Completion, the Group will cease to have any interest in the Target Company, and the financial results of the Target Group thereafter will no longer be consolidated in the financial statements of the Group. After taking into account of the Consideration (i.e. RMB168,160,080), the adjusted carrying value of the net assets of the Target Group attributable to the Group as at 28 February 2023 (being the latest practicable date for ascertaining the value of the net assets prior to the entering of the Equity Transfer Agreement) of HK$37,520,000, goodwil...
INFORMATION OF THE TARGET GROUP. The Target Company is a company incorporated in Hong Kong and is principally engaged in investment holding. As at the date of this announcement, each of the Target Subsidiaries is a direct wholly-owned subsidiary of the Vendor. 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.
INFORMATION OF THE TARGET GROUP. The Target Company is a company incorporated in Hong Kong with limited liability and is principally engaged in investment holdings. The Target Company is a wholly owned subsidiary of the Company. The PRC Company is a company established in Guangzhou, the PRC in November 2014 and is wholly owned by the Target Company. The PRC Company is principally engaged in trading business through the one-stop online shopping platform by using the customers’ internet connected mobile devices such as smartphones and tablet PCs. This mobile shopping platform can be accessed through the WeChat Public Platform*（ 微信公眾平台）. Based on the unaudited consolidated management accounts of the Target Group, it is estimated that upon Completion, the Group will record a gain of approximately HK$118,000 upon completion of the Disposal and an increase in the net assets of the Group by approximately HK$118,000. Set out below is the unaudited consolidated financial information of the Target Group for the years ended 31 December 2014 and the nine months ended 30 September 2015, which was prepared in accordance with generally accepted accounting principles in Hong Kong: Turnover 1,411,000 4,808,000 Profit/(Loss) before tax 525,000 (1,362,000) Net asset value 314,000 2,782,000 The Group is now principally engaged in (a) trading and related services; (b) investment in listed securities and property in Hong Kong; and (c) money lending business in Hong Kong. As disclosed in the previous announcements of the Company, the Board, from time to time reviews the existing business and explores other business opportunities with a view to broaden its income stream which shall be in the best interests of the Company and its shareholders as a whole. The Company considers that the Disposal is an opportunity for the Company to realize its investments in the Target Group. Furthermore, taking into consideration of the proceeds from the Disposal and the gain from the Disposal, the Company considers it can reutilize the proceeds towards other appropriate investments opportunities for better return for its Shareholders. Further, the proceeds from the Disposal can further strengthen the cash flow of the Group and will allow the Group to reallocate its resources for future development. Taking into consideration of the aforesaid, the Directors (other than the independent non- executive Directors who will express their opinion after receiving the advice from the Independent Financial Adviser) consider that the terms an...
INFORMATION OF THE TARGET GROUP. The Target Group is principally engaged in trading of laminates and printed circuit boards. The Target Company has two wholly-owned subsidiaries established in the PRC, namely KFE (Shenzhen) Co., Limited and KFE (Suzhou) Co., Limited. KFE (Shenzhen) Co., Limited is a back office providing quality checking and assurance services to customers. KFE (Suzhou) Co., Limited is a sale office to serve customers in Northern China.
INFORMATION OF THE TARGET GROUP. The Target Group Year ended 31 December Original acquisition cost of the Target Group
INFORMATION OF THE TARGET GROUP. Target Company and its subsidiaries Business of the Target Group Licences and permits
INFORMATION OF THE TARGET GROUP. Overview Financial information