2 shares for 1, 1,048,812,995 shares, representing 50% of the issued share capital, offered at HK $0.21, net proceeds of HK $203.3 million, underwriter: RaffAello Securities (HK) Limited
The Group is principally engaged in (i) robotics and compute business, (ii) building construction contracting, (iii) geothermal energy, (iv) money lending, (v) property investment and (vi) the property management and brokerage, in Hong Kong and the PRC.
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 2026, and of its consolidated financial performance and its consolidated cash flows for the year ended 31 March 2026 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.
The Company has received a supporting letter from one of its substantial shareholders in relation to prospective financing of no less than HK$50,000,000 to support the Group's business development in 12 months from the letter date.
The Directors considered that even in any event that the Group could not reach a mutually agreed repayment schedule with the lender in future, it would not significantly affect the continuity of most of the Group's businesses. It is expected that value of securities pledged to the lender for the trust loans is sufficient to cover substantial portion of the trust loans, and the remaining portion of the trust loans could be settled by cash inflow generated from the Group's future operation." / "Accordingly, the Directors are of the opinion that it is appropriate to prepare the consolidated financial statements on a going concern basis.
