Examples of Target Assets in a sentence
Pursuant to the Assets Transfer Agreement, YTO has agreed to sell and Tractors Research Company has agreed to purchase the Target Assets at a consideration of RMB45,723,052 (equivalent to approximately HK$53,038,740) (tax included) while pursuant to the FT Technology Services Agreement and YTO Technology Services Agreement, Tractors Research Group has agreed to provide certain technology services to the Group and YTO Group respectively.
The consideration of the Target Assets shall be settled by Tractors Research Company in cash within 60 days after the signing date of the Assets Transfer Agreement.
The consideration of the Target Assets was determined by YTO and Tractors Research Company after arm’s length negotiations with reference to the book value of the Target Assets being RMB44,265,489.92 and the appraised value of the Target Assets being RMB45,255,357.74 as at 31 July 2010, which represents a value-added ratio of 2.24% as compared to the book value thereof.
Pursuant to the Assets Transfer Agreement, YTO has agreed to sell and Tractors Research Company has agreed to purchase the Target Assets, including but not limited to certain civil works such as laboratories for engines and machineries, etc.
YTO shall deliver the Target Assets to Tractors Research Company within 3 working days after the signing date of the Assets Transfer Agreement.