Examples of Target Company in a sentence
Further, subject to the completion of the Equity Transfer, Shandong Shengli and Xiangtan Steel agreed to make capital contributions of RMB17,280,000 and RMB18,720,000 to the Target Company, respectively, in proportion to their respective shareholding percentage in the Target Company upon the completion of the Equity Transfer.
As at the date of this announcement, the Target Company is owned as to 56.9% and 43.1% by Xxxxxxxx Xxxxxxx and Xiangtan Steel, respectively.
Upon the Completion, the Target Company will be owned as to 48.0% and 52.0% by Xxxxxxxx Xxxxxxx and Xiangtan Steel, respectively and the total registered capital of the Target Company will be increased from RMB464,000,000 to RMB500,000,000.
As of 30 November 2024, the Target Company was valued at RMB3,579,811.24 (equivalent to approximately HK$3,876,000).
According to the Valuation Report, as at the Valuation Reference Date, the appraised value of the Target Company amounted to approximately RMB3.58 million as compared to its book value of approximately RMB3.35 million.