Placing 16,560,000 shares, representing about 19.99% of the issued share capital, to one or more allotees at a price of HK $0.151 and net proceeds of about HK $2.48 million. Placing agent: Sunhigh Financial Holdings Limited
The Company is an investment holding company and its subsidiaries are principally engaged in restaurant operations, sales of food ingredients and beverage and aircraft’s engine stand repairing and maintenance services.
In our opinion, the consolidated financial statements give a true and fair view of the consolidated financial position of the Group as at 31 March 2025, and of its consolidated financial performance and its consolidated cash flows for the year then ended, in accordance with HKFRS Accounting Standards issued by the Hong Kong Institute of Certified Public Accountants (the “HKICPA”) and have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance.
Borrowings from a director of the CompanyThe principal amount of borrowings of HK\(1,000,000 from a director of the Company during the year ended 31 March 2025 received and repaid (2024: HK\)nil) was unsecured, non-interest bearing and repayable on demand which was an exempted connected transaction.As at 31 March 2025, there was no outstanding of borrowings between directors and the Group.
The Directors are of the opinion that, taking into account the above-mentioned plans and measures, the Group will have sufficient working capital to finance its operations and to meet its financial obligations as and when they fall due within twelve months from the date of approval of the consolidated financial statements. Accordingly, the Directors are satisfied that it is appropriate to prepare the consolidated financial statements on a going concern basis.
