Examples of Target Group in a sentence
To the best of the knowledge, information and belief of the Directors, having made all reasonable enquiries, each of the Vendors is a director of the Target Company and is or was, prior to his retirement, the senior management of the Target Group.
The Target Group is principally engaged in the manufacturing of fire engines and is a leading manufacturer of aerial lifting fire trucks in the PRC.
Subject to the satisfaction of the conditions that (i) the net assets of the Target Group as shown in the consolidated management accounts of the Target Group as at 30 June 2018 being not less than RMB550,000,000 and (ii) the Vendors having issued the relevant payment notice to the Purchaser, the Purchaser shall pay the Prepayment, being the amount of RMB300,000,000, to the Vendors.
Upon completion of the Acquisition, the Target Company will become a non-wholly owned subsidiary of the Company and the financial information of the Target Group will be consolidated into the consolidated financial statements of the Group.
As at the date of this announcement, the Target Group comprises three members, namely the Target Company, Fushun Xxxxxx and Shenyang Ruida.