Issue 6,492,000 shares, representing 16.7% of the issued share capital, toMr. Ko Kin Hang at HK $0.65 for net proceeds of HK $4.1 million
Golden Power Group Holdings Limited (the “Company”, together with its subsidiaries collectively referred to as the “Group”, “Golden Power Group” or “we”) is a global battery manufacturer offering a wide range of battery products to markets in the People’s Republic of China (“PRC”), Hong Kong and internationally. In addition to our proprietary “GoldenPower” brand, the Group also produces batteries for private label and original equipment manufacturer (“OEM”) clients.
In our opinion, the consolidated financial statements have been properly prepared in accordance with Hong Kong Financial Reporting Standards and give a true and fair view of the financial position of the Group as at the end of the reporting period, and of its financial performance and cash flows for the year then ended.
The Directors consider there are no material uncertainties casting significant doubt on the Group’s ability to continue as a going concern, and have sufficient confidence in the Group’s overall liquidity and capital turnover.
