1 share for 1 share, 138,000,000 shares issued, accounting for 100% of the issued share capital, offering price: HK $0.5, net proceeds of HK $66.9 million, Placing agent: Hongzhi Securities (Hong Kong) Limited
The principal activity of the Company is investment holding. The principal businesses of its subsidiaries are full-service restaurant entities based in Hong Kong and the PRC, specialising in Cantonese dining and banquet services, particularly wedding banquets, together with Cha Chaan Teng and various catering and food supplies operations.
Because of the significance of the matters described in the “Basis for Disclaimer of Opinion on the Consolidated Financial Performance and Consolidated Cash Flows” section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the consolidated statement of profit or loss and other comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows of the Group for the year ended 31 March 2026. Accordingly, we do not express an opinion on the consolidated statement of profit or loss and other comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows of the Group for the year ended 31 March 2026.
As at 31 March 2026 and 31 March 2025, gearing ratio is not applicable since the Group did not have any interest-bearing bank borrowings. Finance costs decreased to HK$1.1 million for the year ended 31 March 2026 as compared to HK$2.2 million for the year ended 2025 due to the decrease of bank interest expense as the bank borrowings has been fully repaid last year.
