Placing an additional 90,568,000 shares, representing 20% of the issued share capital, to one or more allotments at a price of HK $0.26 and net proceeds of HK $23.23 million. Placing agent: VC Brokerage Limited
The Company is an investment holding company. The principal businesses of the Group are (i) property development and investment; and (ii) trading of consumer goods and commodities.
In our opinion, the consolidated financial statements give a true and fair view of the consolidated financial position of the Group as at 31 December 2025 and of the consolidated financial performance and consolidated cash flows of the Group for the year then ended in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants and have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance.
The Group has obtained written confirmations from relevant non-controlling interests that they will not demand repayment of outstanding principals totalling approximately RMB115,498,000 until the Group becomes profitable and settles other liabilities first.
the Group’s other borrowing amounted to approximately RMB9.0 million, the gearing ratio was approximately 16.3% and the current ratio was approximately 1.2 times. The Directors recognise the Group faces liquidity pressure and will rely on proceeds from property sales to replenish working capital.
