Issue 160,950,000 shares, representing 20% of the issued share capital, to 4 independent third parties at HK $0.27 and net proceeds of HK $43,300,000
The Company and its subsidiaries (collectively the "Group") is principally engaged in provision of site formation works in Hong Kong.
indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern. The directors, having considered the measures being taken by the Group, are of the opinion that the Group would be able to continue as a going concern.
The amount due to a shareholder is non-trade in nature, unsecured, interest-free and is repayable on demand.
the directors are of the opinion that the Group will have sufficient working capital to meet its financial obligations as and when they fall due within the next 12 months from the end of the reporting period.
