20 shares for 1 share; Reduction and subdivision of share capital; 1 share for 1 share, 78,860,000 shares issued, accounting for 100% of the issued share capital, offer price: HK $0.36, net proceeds of HK $26.00 million, underwriter and placing agent: Emperor Securities Limited
The Group is a contractor principally engaged in undertaking slope works, foundation works and other general building works in Hong Kong.
These circumstances indicate the existence of a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern. Having regard to all the measures and arrangements set out in Note 2.3 to the consolidated financial statements, the Directors of the Company are of the opinion that the Group will be able to continue as a going concern.
Emperor Securities Limited, the immediate holding company of the Company, has confirmed that it will provide financial support to the Group up to an amount of HK$46,000,000 to enable the Group to meet its financial obligations falling due for the future period up to 30 April 2028. As at 30 April 2026 and up to the date of approval of these consolidated financial statements, the financial support available to the Group had not yet been utilised.
The Directors are of the opinion that, in light of the various measures/arrangements implemented, the Group will have sufficient working capital to meet its present requirements and reasonably expect the Group to sustain commercially viable operations. Accordingly, the Directors are satisfied that it is appropriate to prepare the consolidated financial statements on a going concern basis.
