1 share for 3 shares, 124,785,525 shares issued, representing 300% of the issued share capital, offer price: HK $0.45, net proceeds of HK $55.2 million, placing agent: One Profit Securities Limited
The Company is an investment holding company and the principal activities of the Group are advertising in Hong Kong.
These conditions indicate a material uncertainty which may cast significant doubt on the Group’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
The directors are of the opinion that the Group will have sufficient working capital to finance its operations and to meet its financial obligations for at least the next twelve months from the date of approval of the consolidated financial statements, after taking into consideration of the followings.
