Disposal Group definition
Examples of Disposal Group in a sentence
Save for the above, the Group neither provided any guarantee to the remaining companies under the Disposal Group or vice versa.
The Disposal Group will cease to be subsidiaries of the Company and the financial information of the Disposal Group will not be consolidated in the accounts of the Company upon Completion.
The Disposal Group is principally engaged in the provision of technological desulphurization service, which can effectively reduce sulfur dioxide and hydrogen sulfide emissions generated from burning of fossil fuels such as coal, natural gas and oil products.
The Disposal Consideration of HK$40 million (subject to adjustment) was determined after arm’s length negotiation between the Company and SomaFlex Holdings with reference to the unaudited net liabilities of the Disposal Group of approximately HK$49 million as at 30 September 2010 and the capitalisation of the Disposal Debt and the waiver of the Norray Debt which amounted to approximately HK$79.56 million and HK$0.44 million respectively as at 30 September 2010.
For details of the Disposal Group, please refer to the paragraph headed “Information on the Disposal Group” below.