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
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Related to Shenzhen building

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