Examples of Disposed Business in a sentence
Pursuant to the agreement for the Disposition, the purchase price for the Disposed Business was $34 million, subject to certain adjustments.
On November 1, 2018, the Company completed the sale of its mechanical insulation business (the "Disposed Business") to SPI LLC, an unrelated third party controlled by Dunes Point Capital, for total cash consideration of approximately $122.5 million, and recorded a gain on the sale of $13.7 million, net of taxes.
On 2 September 2013, the Group entered into a sale and purchase agreement to dispose of 100% equity interest in a subsidiary, Rich Path, which together with its subsidiaries carried out all of the Group’s operations in the Disposed Business.
Accordingly, the financial results of the Disposed Business are presented in the consolidated statement of profit or loss as discontinued operation.
Following the completion of the disposal of Yugofoil Group, the Group discontinued its operation in the Disposed Business.