Wise Triumph Limited (wholly owned by Mr. Chen Haining) acquired 502,140,000 shares from Creative Elite Global Limited and Ms. Chan Chin Ying Amanda, accounting for approximately 73.33% of the issued share capital, for a total cash consideration of HK $143,009,472, Equivalent to HK $0.2848 per share sold, offer price: HK $0.2848, independent financial adviser: Rainbow Capital (HK) Limited
The Company is an investment holding company and its subsidiaries (collectively referred to as the “Group”) are principally engaged in the provision of foundation works in Hong Kong and Macau, including piling construction, ELS works, pile cap construction, site formation and ancillary 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 the consolidated financial performance and consolidated cash flows of the Group for the year then ended, and have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance.
In managing liquidity, the Group’s policy is to regularly monitor its liquidity requirements and its compliance with loan covenants, with the objective of maintaining sufficient cash reserves and committed banking facilities from major banks to meet its short-term and long-term liquidity needs.
