Shenzhen building Sample Clauses

Shenzhen building. An industrial building with the name “ 同 得 仕 大 廈 (Tungtex Building)” located at 中 國 深 圳 福 田 區 北 環 路 市 政 二 號 路 (Shizheng Xx. 0 Xxxx, Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx, Xxxxxxxx, the PRC) with total gross floor area of 11,033 sq.m. erected on a land parcel for industrial use with a site area of approximately 4,319.4 sq.m.. The Group used to carry out part of its Manufacturing Business at Shenzhen building. Nevertheless in recent years, the Group started to migrate the manufacturing operations at Shenzhen building to the Group’s factory located in Dongguan, the PRC (“Dongguan factory”). It is expected that the major manufacturing operations at Shenzhen building will have completely ceased prior to Completion. Certain unaudited consolidated financial information of the SYOL Group prepared in accordance with the Hong Kong Financial Reporting Standards for the two financial years ended 31 March 2017 are as follows: For the financial year ended 31 March 2017 For the financial year ended 31 March 2016 HK$’000 HK$’000 (unaudited) (unaudited) Turnover 290,265 296,269 Net loss before taxation (86,389) (19,049) Net loss after taxation (86,389) (19,049) As at 31 March 2017, the unaudited consolidated total asset value and net liabilities of SYOL were approximately HK$220.0 million and HK$214.2 million respectively. The unaudited consolidated financial information of SYOL Group above includes the revaluation reserves on investment property (i.e. the properties owned by SYOL Group but are currently used by the Group) and balances and transactions with the Remaining Group. For illustration and information purpose, set out below are certain unaudited financial information of SYOL Group for the year ended 31 March 2017, after elimination of such balances and transactions with the Remaining Group and without taking into account revaluation reserves on investment property, as presented in the Group’s consolidated financial statements for the year ended 31 March 2017. For the year ended 31 March 2017 HK$’000 (unaudited) Turnover 290,265 Gross profit 71,957 Net loss before taxation (64,735) As at 31 March 2017 HK$’000 (unaudited) Total asset value 156,645 The TTCL Group TTCL is a company incorporated in Hong Kong with limited liability. As at the date of the SP Agreement and immediately prior to Completion, TTCL holds or controls 100% equity interest in Zhongshan Tungtex. The TTCL Group is principally engaged in the Trading Business and Manufacturing Business, and property holding....
Sample 1
AutoNDA by SimpleDocs

Related to Shenzhen building

  • Building With respect to each parcel of Real Estate, all of the buildings, structures and improvements now or hereafter located thereon. Business Day. Any day on which banking institutions located in the same city and State as the Agent’s Head Office are located are open for the transaction of banking business and, in the case of LIBOR Rate Loans, which also is a LIBOR Business Day.

  • SHOPPING CENTRES 1. The general terms and provisions of the VBIA shall apply to “Shopping Centres” (as defined) with the following variations:

  • PRINCIPAL BUILDING AGREEMENT DEFINITIONS Definitions and interpretation (Clause 1). 1 F: ……….… V: ….……… T: ….……... Item

  • Drainage Systems (1) Clear culvert inlets, outlets, and sediment catching basins.

  • Capacity Building 1. Contractor will work in partnership with AOD to study the viability of billing under Drug Medi-Cal and 3rd party payer.

  • Building Use Agency facilities may be used for Union activities according to current building use policies, so long as the facility is available and proper scheduling has been arranged.

  • Design-Builder The person or entity responsible for the proper completion of the activities described in the Contract Documents and who executes the Contract.

  • MAINTENANCE OF THE BUILDING /APARTMENT / PROJECT The Promoter shall be responsible to provide and maintain essential services in the Project till the taking over of the maintenance of the project by the Association upon the issuance of the completion certificate of the Project. The cost of such maintenance has been included in the Total Extras and Deposits as mentioned in clause 1.2.

  • Buildings The Employer will provide and maintain all state-owned buildings, facilities, and equipment in accordance with the specific written order(s) of the Michigan Departments of Licensing and Regulatory Affairs and/or Military and Veterans Affairs. Where facilities are leased by the Employer, the Employer shall make every reasonable effort to assure that such facilities comply with the order(s) of the Michigan Departments of Licensing and Regulatory Affairs and/or Military and Veterans Affairs.

  • Use of Building With prior notice to the principal/director, Association members of that school may hold meetings in their school building before or after regular duty hours or after the student contact day. Assigned duties take priority over such meetings.

Time is Money Join Law Insider Premium to draft better contracts faster.