Announcement • Apr 27
Deep Source Holdings Limited (SEHK:990) agreed to acquire Tortuga De Oro S.A. from Tibet Summit Resources HongKong Limited for $70 million. Deep Source Holdings Limited (SEHK:990) agreed to acquire Tortuga De Oro S.A. from Tibet Summit Resources HongKong Limited for $70 million on April 25, 2026.
As of March 31, 2026, Tortuga De Oro S.A. reported total assets of $25.46 million and total common equity of $15.01 million.
The transaction is subject to approval of offer by acquirer board. Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: HK$0.052 (vs HK$0.022 in FY 2024) Full year 2025 results: EPS: HK$0.052 (up from HK$0.022 in FY 2024). Revenue: HK$21.4b (down 48% from FY 2024). Net income: HK$719.7m (up 143% from FY 2024). Profit margin: 3.4% (up from 0.7% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 06
Deep Source Holdings Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Deep Source Holdings Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Sep 02
First half 2025 earnings released: EPS: HK$0.024 (vs HK$0.022 in 1H 2024) First half 2025 results: EPS: HK$0.024 (up from HK$0.022 in 1H 2024). Revenue: HK$10.1b (down 62% from 1H 2024). Net income: HK$321.8m (up 9.3% from 1H 2024). Profit margin: 3.2% (up from 1.1% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.5% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Aug 15
Deep Source Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 Deep Source Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jun 03
Theme International Holdings Limited, Annual General Meeting, Jun 30, 2025 Theme International Holdings Limited, Annual General Meeting, Jun 30, 2025, at 11:00 China Standard Time. Location: unit 3401-03, 34/f, china merchants tower, shun tak centre, 168-200 connaught road central, sheung wan, Hong Kong Reported Earnings • May 04
Full year 2024 earnings released: EPS: HK$0.022 (vs HK$0.089 in FY 2023) Full year 2024 results: EPS: HK$0.022 (down from HK$0.089 in FY 2023). Revenue: HK$40.9b (down 26% from FY 2023). Net income: HK$296.2m (down 75% from FY 2023). Profit margin: 0.7% (down from 2.2% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: HK$0.022 (vs HK$0.089 in FY 2023) Full year 2024 results: EPS: HK$0.022 (down from HK$0.089 in FY 2023). Revenue: HK$40.9b (down 26% from FY 2023). Net income: HK$296.2m (down 75% from FY 2023). Profit margin: 0.7% (down from 2.2% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • Mar 10
Theme International Holdings Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Theme International Holdings Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 Announcement • Jan 02
Theme International Holdings Limited Announces Resignation of Wang Zhenhui as Non-Executive Director The board (the "Board") of directors (the "Directors") of Theme International Holdings Limited (the "Company") announces that Mr. Wang Zhenhui ("Mr. Wang") has tendered his resignation as a non-executive Director of the Company, with effect from 31 December 2024 due to his other work arrangements. Mr. Wang has confirmed that he has no disagreement with the members of the Board and that there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. New Risk • Nov 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). New Risk • Sep 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Reported Earnings • Sep 01
First half 2024 earnings released: EPS: HK$0.022 (vs HK$0.062 in 1H 2023) First half 2024 results: EPS: HK$0.022 (down from HK$0.062 in 1H 2023). Revenue: HK$26.6b (up 14% from 1H 2023). Net income: HK$294.4m (down 65% from 1H 2023). Profit margin: 1.1% (down from 3.5% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. New Risk • Aug 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.1% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Profit margins are more than 30% lower than last year (1.1% net profit margin). Buy Or Sell Opportunity • Aug 27
Now 24% overvalued Over the last 90 days, the stock has fallen 33% to HK$0.40. The fair value is estimated to be HK$0.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 18%. Announcement • Aug 16
Theme International Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 Theme International Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Jun 06
Theme International Holdings Limited, Annual General Meeting, Jun 28, 2024 Theme International Holdings Limited, Annual General Meeting, Jun 28, 2024, at 11:00 China Standard Time. Location: unit 3401-03, 34/f, china merchants tower, shun tak centre, 168-200 connaught road central, sheung wan, Hong Kong Upcoming Dividend • Apr 23
Upcoming dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 17 May 2024. Trailing yield: 3.4%. Lower than top quartile of Hong Kong dividend payers (8.3%). Lower than average of industry peers (5.1%). New Risk • Apr 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: HK$0.089 (vs HK$0.09 in FY 2022) Full year 2023 results: EPS: HK$0.089 (down from HK$0.09 in FY 2022). Revenue: HK$55.4b (up 42% from FY 2022). Net income: HK$1.20b (flat on FY 2022). Profit margin: 2.2% (down from 3.1% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Theme International Holdings Limited Announces Interim Dividend for the December 31, 2023, Payable on May 17, 2024 Theme International Holdings Limited announced interim dividend of HKD 0.02 per share for the December 31, 2023. Ex-dividend date is April 30, 2024. Record date is May 07, 2024 and Payment date is May 17, 2024. Announcement • Mar 16
Theme International Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Theme International Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Sep 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 02
First half 2023 earnings released: EPS: HK$0.062 (vs HK$0.05 in 1H 2022) First half 2023 results: EPS: HK$0.062 (up from HK$0.05 in 1H 2022). Revenue: HK$23.4b (up 43% from 1H 2022). Net income: HK$830.0m (up 24% from 1H 2022). Profit margin: 3.5% (down from 4.1% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 19
Theme International Holdings Limited to Report First Half, 2023 Results on Aug 31, 2023 Theme International Holdings Limited announced that they will report first half, 2023 results on Aug 31, 2023 Announcement • Jun 03
Theme International Holdings Limited, Annual General Meeting, Jun 30, 2023 Theme International Holdings Limited, Annual General Meeting, Jun 30, 2023, at 11:00 China Standard Time. Location: Unit 340103, 34/F, China Merchants Tower Shun Tak Centre, 168200 Connaught Road Central Sheung Wan Hong Kong Agenda: To receive, consider and adopt the audited financial statements and the reports of the directors and of the auditors of the Company for the year ended 31 December 2022; to re-elect the retiring directors of the Company and authorise the board of directors to fix their remuneration; to re-appoint ZHONGHUI ANDA CPA Limited as auditors of the Company and authorise the board to fix auditors' remuneration; to consider amendments to the existing bye-laws of the Company; and to consider other matters. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$1.04, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 9x in the Trade Distributors industry in Hong Kong. Total returns to shareholders of 972% over the past three years. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: HK$0.09 (vs HK$0.077 in FY 2021) Full year 2022 results: EPS: HK$0.09 (up from HK$0.077 in FY 2021). Revenue: HK$39.1b (up 13% from FY 2021). Net income: HK$1.21b (up 21% from FY 2021). Profit margin: 3.1% (up from 2.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 11
Theme International Holdings Limited Provides Financial Guidance for the Twelve Months Ended 31 December 2022 Theme International Holdings Limited provided financial guidance for the twelve months ended 31 December 2022. The Group expected to record an increase in net profit for the Relevant Year by approximately HKD 260 million, which represented an increase of approximately 22% as compared tothe year ended 31 December 2021 (the "Corresponding Year"), to approximately HKD 1.46 billion (net profit for the Corresponding Year: approximately HKD 1.20 billion). The net profit attributable to owners of the Company for the Relevant Year was approximately HKD 1.10 billion (net profit attributable to owners of the Company for the Corresponding Year: approximately HKD 998 million). The increase in net profit for the Relevant Year was primarily attributable to the stable development of the Group's existing businesses. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 54% share price gain to HK$1.14, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 8x in the Trade Distributors industry in Hong Kong. Total returns to shareholders of 1,007% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Lai Ping Chan was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: HK$0.05 (vs HK$0.048 in 1H 2021) First half 2022 results: EPS: HK$0.05 (up from HK$0.048 in 1H 2021). Revenue: HK$16.3b (down 11% from 1H 2021). Net income: HK$667.0m (up 11% from 1H 2021). Profit margin: 4.1% (up from 3.3% in 1H 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 17
Theme International Holdings Limited to Report First Half, 2022 Results on Aug 30, 2022 Theme International Holdings Limited announced that they will report first half, 2022 results on Aug 30, 2022 Announcement • Aug 03
Theme International Holdings Limited Provides Earnings Guidance for the Six Months Period Ended 30 June 2022 Theme International Holdings Limited provided earnings guidance for the six months period ended 30 June 2022. For the period, the company expects to record an increase in net profit for the Relevant Period by approximately HK$167.9 million, which represented an increase of approximately 25% as compared to the period ended 30 June 2021 (the "Corresponding Period"), to approximately HK$830 million (net profit for the Corresponding Period: approximately HK$662.1 million). The increase in net profit for the Relevant Period was primarily attributable to the stable development of the Group's existing businesses. Announcement • Jul 07
Theme International Holdings Limited Announces Appointment of Chan Lai Ping as Independent Non-Executive Director and Member of Audit Committee, Remuneration Committee and Nomination Committee Theme International Holdings Limited announced that with effect from 6 July 2022, Ms. Chan Lai Ping has been appointed as an independent non-executive Director. Chan, aged 38, has been appointed as an independent non-executive Director, a member of the audit committee, a member of the remuneration committee and a member of the nomination committee, all with effect from 6 July 2022. Ms. Chan holds a degree of Bachelor of Business Administration (Honours) (Major in Accounting) from Lingnan University in Hong Kong. She is a registered member of Hong Kong Institute of Certified Public Accountants. Ms. Chan is the financial controller and company secretary of China Demeter Financial Investments Limited. Before she joined China Demeter, she worked in various local and international audit firms for around eight years. Ms. Chan is also currently the independent non-executive director of Power Financial Group Limited. With effect from 6 July 2022, Ms. Chan has been appointed as a member of the audit committee, a member of the remuneration committee and a member of the nomination committee. Announcement • Jul 01
Theme International Holdings Limited Announces Retirement of Mr. Ng Shiming as an Independent Non-Executive Director, Member of the Audit Committee, Remuneration Committee and Nomination Committee Theme International Holdings Limited announced that regarding the re-election of Mr. Ng Shiming as an independent non-executive director was not passed at the AGM, Mr. Ng retired as an independent non-executive Director at the conclusion of the AGM. Following the retirement of Mr. Ng, he would cease to be a member of the audit committee, remuneration committee and nomination committee of the Company, with immediate effect on 30 June 2022. Announcement • May 28
Theme International Holdings Limited, Annual General Meeting, Jun 30, 2022 Theme International Holdings Limited, Annual General Meeting, Jun 30, 2022, at 11:00 China Standard Time. Location: Unit 340103, 34/F, China Merchants Tower Shun Tak Centre, 168200 Connaught Road Central Sheung Wan Hong Kong Agenda: To receive, consider and adopt the audited financial statements and the reports of the directors and of the auditors of the Company for the year ended 31 December 2021; to re-elect the retiring directors of the Company and authorise the board of directors to fix their remuneration; to re-appoint ZHONGHUI ANDA CPA Limited as auditors of the Company and authorise the board to fix auditors' remuneration; and to consider other matters. Reported Earnings • May 02
Full year 2021 earnings released: EPS: HK$0.077 (vs HK$0.038 in FY 2020) Full year 2021 results: EPS: HK$0.077 (up from HK$0.038 in FY 2020). Revenue: HK$34.6b (up 118% from FY 2020). Net income: HK$998.0m (up 124% from FY 2020). Profit margin: 2.9% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has increased by 119% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Shun Ming Kent was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: HK$0.077 (vs HK$0.038 in FY 2020) Full year 2021 results: EPS: HK$0.077 (up from HK$0.038 in FY 2020). Revenue: HK$34.6b (up 117% from FY 2020). Net income: HK$998.0m (up 124% from FY 2020). Profit margin: 2.9% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorated over the past week After last week's 19% share price decline to HK$1.02, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 12x in the Trade Distributors industry in Hong Kong. Total returns to shareholders of 804% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 43% share price gain to HK$1.23, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 13x in the Trade Distributors industry in Hong Kong. Total returns to shareholders of 810% over the past three years. Announcement • Jan 30
Theme International Holdings Limited Provides Preliminary Guidance for the Twelve Months Ended 31 December 2021 Theme International Holdings Limited provided preliminary guidance for the twelve months ended 31 December 2021. The group expected to record an increase in net profit for the Relevant Year by approximately HKD 650 million, which represented an increase of approximately 130% as compared to the year ended 31 December 2021, to approximately HKD 1.15 billion (net profit for the Corresponding Year: approximately HKD 500 million). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$1.08, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 13x in the Trade Distributors industry in Hong Kong. Total returns to shareholders of 546% over the past three years. Executive Departure • Aug 30
Independent Non-Executive Director Chi Ming Chan has left the company On the 28th of August, Chi Ming Chan's tenure as Independent Non-Executive Director ended after 6.3 years in the role. We don't have any record of a personal shareholding under Chi Ming's name. Chi Ming is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.96 years. Reported Earnings • Aug 30
First half 2021 earnings released: EPS HK$0.048 (vs HK$0.008 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$18.3b (up 134% from 1H 2020). Net income: HK$601.9m (up HK$503.6m from 1H 2020). Profit margin: 3.3% (up from 1.3% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 15% share price gain to HK$1.68, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 15x in the Trade Distributors industry in Hong Kong. Total returns to shareholders of 987% over the past three years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improved over the past week After last week's 18% share price gain to HK$1.11, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 15x in the Trade Distributors industry in Hong Kong. Total returns to shareholders of 541% over the past three years. Reported Earnings • May 03
Full year 2020 earnings released: EPS HK$0.038 (vs HK$0.014 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$16.0b (up 41% from FY 2019). Net income: HK$446.0m (up 206% from FY 2019). Profit margin: 2.8% (up from 1.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS HK$0.038 (vs HK$0.014 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$16.0b (up 42% from FY 2019). Net income: HK$446.0m (up 206% from FY 2019). Profit margin: 2.8% (up from 1.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • Mar 18
Theme International Holdings Limited to Report Fiscal Year 2020 Results on Mar 31, 2021 Theme International Holdings Limited announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 09
New 90-day high: HK$0.38 The company is up 223% from its price of HK$0.12 on 11 November 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 4.0% over the same period. Announcement • Jan 22
Theme International Holdings Limited announced that it expects to receive HKD 196.415 million in funding Theme International Holdings Limited (SEHK:990) announced that it has entered into subscription agreement to issue 815,000,000 shares at issue price of HKD 0.241 per share for gross proceeds of HKD 196,415,000 on January 20, 2021. The transaction will include participation from no fewer than six investors of the company which includes independent professional corporate and/or individual investors. The investors in aggregate will hold 6.7% stake in the company post closing of the transaction. The company will incur expenses of HKD 115,000 in relation to the transaction, receiving net proceeds of HKD 196,300,000. The transaction is expected to close within 7 business days after the fulfilment of the conditions or such time, date or place as agreed in writing between the company and investors. The agreement will be terminated if the conditions are not fulfilled on or before February 26, 2021 or such later date as may be agreed between the company and the investors. The transaction has been approved by the board of directors of the company. The shares to be issued are subject to a hold period of 3 months from the closing of the transaction. Is New 90 Day High Low • Jan 11
New 90-day high: HK$0.24 The company is up 138% from its price of HK$0.10 on 12 October 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: HK$0.20 The company is up 99% from its price of HK$0.10 on 08 October 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 21% over the same period. 
