Announcement • Apr 03
Perfectech International Holdings Limited, Annual General Meeting, Jun 05, 2026 Perfectech International Holdings Limited, Annual General Meeting, Jun 05, 2026. Reported Earnings • Apr 02
Full year 2025 earnings released: HK$0.021 loss per share (vs HK$0.083 loss in FY 2024) Full year 2025 results: HK$0.021 loss per share (improved from HK$0.083 loss in FY 2024). Revenue: HK$130.6m (down 4.1% from FY 2024). Net loss: HK$7.71m (loss narrowed 72% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. New Risk • Mar 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (HK$118.7m market cap, or US$15.2m). Announcement • Mar 11
Perfectech International Holdings Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Perfectech International Holdings Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Board Change • Jan 20
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. 4 non-independent directors. Independent Non-Executive Director Alex Fung was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 20
Perfectech International Holdings Limited Announces Board Changes, with Effect from 19 January 2026 The board of directors of Perfectech International Holdings Limited announced that with effect from 19 January 2026, Mr. Li Shaohua has resigned as an executive Director and an authorised representative of the Company (the ‘Authorised Representative’) under Rule 3.05 of the Rules Governing the Listing of Securities (the ‘Listing Rules’) on The Stock Exchange of Hong Kong Limited (the ‘Stock Exchange’) due to his other personal engagements and business commitments which requires more of his dedication. Mr. Li Shaohua has confirmed that he has no disagreement with the Board, that there are no matters relating to his resignation that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange and he has no claim against the Company whatsoever whether in respect of fees, remuneration or compensation in respect of him ceasing to be a Director and/or ceasing to hold all other positions in the Company. The Board announced that Mr. Zhong Shihui, an executive Director has been appointed as an Authorised Representative in replacement of Mr. Li Shaohua with effect from 19 January 2026. The Board announced that with effect from 19 January 2026, Mr. Li Haiyang (‘Mr. Li’) has been appointed as an executive Director. Mr. Li Haiyang, aged 43, graduated from Changsha Social Work College with a college degree, majoring in Computer Application. Mr. Li has been working in the field of information technology and software development since 2001, serving in positions such as software development engineer, head of network management, programmer, technical manager, system architect, deputy technical director and technical director. From 2001 to 2003, Mr. Li worked in Changsha Rongzhi Technology Development Co. Ltd. and engaged in the development of application systems for education and finance industries. From 2003 to 2004, he was responsible for the overall network and information system management of the college in Changsha Minzheng College Network Management Centre. From 2004 to 2005, he worked in Guangzhou NetEase Co. Ltd. and participated in the development of a portal website system. From 2005 to 2012, he served as a technical manager of Guangzhou Jinghua Information Co. Ltd., and was responsible for the development and technical management of government application product system platforms. From 2012 to 2015, he worked at Guangzhou Keteng Information Technology Co. Ltd. and engaged in designing the system architecture for power industry informatization projects. From 2015 to 2017, he served as the deputy technical director at Guangzhou Wanhui Investment Co. Ltd., and was responsible for the development and management of an internet consumption finance technology platform. From 2017 to 2025, he served as the technical director of a fintech company, and was fully responsible for the overall design, development and technical management of the internet consumption finance technology platform, possessing extensive experience in financial technology system construction and technical management. Since 15 December 2025, Mr. Li has been a chief technology officer of Guangzhou Perfectech Data Link Information Technology Co. Ltd. (‘Guangzhou Perfectech’), an indirect wholly-owned subsidiary of the Company. New Risk • Nov 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 10% 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: Major Risks Earnings have declined by 8.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$176.5m market cap, or US$22.7m). New Risk • Oct 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$156.9m market cap, or US$20.2m). Reported Earnings • Sep 03
First half 2025 earnings released: HK$0.013 loss per share (vs HK$0.054 loss in 1H 2024) First half 2025 results: HK$0.013 loss per share (improved from HK$0.054 loss in 1H 2024). Revenue: HK$62.0m (down 9.7% from 1H 2024). Net loss: HK$4.28m (loss narrowed 76% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 20% 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 8.8% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-HK$23m free cash flow). Earnings have declined by 8.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (HK$130.8m market cap, or US$16.8m). Board Change • Jul 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Po Lam Chan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 24
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. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-HK$23m free cash flow). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (HK$53m sold). Market cap is less than US$100m (HK$147.1m market cap, or US$18.7m). Announcement • Jun 21
Perfectech International Holdings Limited Appoints Zhong Shihui as Executive Director, with Effect from 20 June 2025 The board of directors of Perfectech International Holdings Limited announced that Mr. Zhong Shihui (``Mr. Zhong'') has been appointed as an executive Director of the Company with effect from 20 June 2025. Mr. Zhong Shihui, aged 40, has nearly 18 years of experience in information technology service industry, and specializes in enterprise information maintenance as well as cloud service support sectors. Mr. Zhong received a diploma in applied electronics from Jiujiang University and a bachelor's degree in computer science and technology (network education) from China University of Geosciences (Beijing) in June 2006 and December 2021 respectively. He has been serving as a director and the general manager of Hongkong Zhong Lai Industrial Limited (``Hongkong Zhong Lai''), an investment company in Hong Kong, since May 2021 and July 2021 respectively, and is responsible for its overall corporate operation and management. He has also been serving as the general manager of Guangdong Zhonglai Industrial Co. Ltd. (``Guangdong Zhonglai''), a technology service company in Mainland China, since July 2018, and is responsible for leading a team to provide cloud server architecture design and planning, database storage, virtual machine management, and other technical services for internet loan facilitation platforms and marketing companies. Prior to joining Guangdong Zhonglai, Mr. Zhong worked at a stage lighting equipment company from 2006 to 2008, and was responsible for microcontroller programming, PCB circuit design, and related technical tasks. He worked at an e-commerce company from 2009 to 2017, and was responsible for cloud server architecture design and planning, database storage, virtual machine management, and other technical duties. Reported Earnings • Apr 02
Full year 2024 earnings released: HK$0.083 loss per share (vs HK$0.093 loss in FY 2023) Full year 2024 results: HK$0.083 loss per share (improved from HK$0.093 loss in FY 2023). Revenue: HK$136.1m (down 13% from FY 2023). Net loss: HK$27.0m (loss narrowed 12% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Announcement • Mar 31
Perfectech International Holdings Limited, Annual General Meeting, Jun 06, 2025 Perfectech International Holdings Limited, Annual General Meeting, Jun 06, 2025. Announcement • Mar 11
Perfectech International Holdings Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Perfectech International Holdings Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 New Risk • Dec 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 19% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$27m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risk Market cap is less than US$100m (HK$170.0m market cap, or US$21.9m). Reported Earnings • Sep 28
First half 2024 earnings released: HK$0.054 loss per share (vs HK$0.031 loss in 1H 2023) First half 2024 results: HK$0.054 loss per share (further deteriorated from HK$0.031 loss in 1H 2023). Revenue: HK$68.6m (down 7.4% from 1H 2023). Net loss: HK$17.8m (loss widened 74% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Sep 24
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 9.4% 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: Major Risk Less than 1 year of cash runway based on free cash flow trend (-HK$22m free cash flow). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (HK$255.0m market cap, or US$32.8m). Announcement • Aug 09
Perfectech International Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 Perfectech International Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Mar 30
Full year 2023 earnings released: HK$0.093 loss per share (vs HK$0.021 loss in FY 2022) Full year 2023 results: HK$0.093 loss per share (further deteriorated from HK$0.021 loss in FY 2022). Revenue: HK$155.9m (down 12% from FY 2022). Net loss: HK$30.5m (loss widened 347% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Mar 09
Perfectech International Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Perfectech International Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Sep 03
First half 2023 earnings released: HK$0.031 loss per share (vs HK$0.021 loss in 1H 2022) First half 2023 results: HK$0.031 loss per share (further deteriorated from HK$0.021 loss in 1H 2022). Revenue: HK$74.1m (down 4.2% from 1H 2022). Net loss: HK$10.2m (loss widened 51% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • Aug 22
Perfectech International Holdings Limited Provides Group Consolidated Earnings Guidance for the Six Months Ended 30 June 2023 Perfectech International Holdings Limited provides group consolidated earnings guidance for the six months ended 30 June 2023. For the period, the Group is expected to record a consolidated net loss of not less than HKD 10,780,000 representing a 59.5% increase as compared to the consolidated net loss of HKD 6,760,000 for the six months ended 30 June 2022 mainly due to an increase in administrative expenses as a result of an increase in staff costs during the six months ended 30 June 2023. Announcement • Aug 12
Perfectech International Holdings Limited to Report First Half, 2023 Results on Aug 31, 2023 Perfectech International Holdings Limited announced that they will report first half, 2023 results on Aug 31, 2023 Announcement • Nov 18
Perfectech International Holdings Limited Announces Resignation of Li Shaohua as Chief Executive Officer Perfectech International Holdings Limited announces that Mr. Li Shaohua ("Mr. Li'') has resigned from his position as the chief executive officer of the Company with effect from 17 November 2022, due to work adjustment and changes in his role in the Company, but he will continue to serve the Company as an executive Director and an authorised representative. The Board is in the process of identifying suitable candidate to fill the position of chief executive officer and will use its best endeavours to ensure that suitable candidate is appointed as soon as practicable. In the meantime, the duties of the chief executive officer will be undertaken and performed by members of the Board collectively. The Company will make further announcement(s) as and when appropriate. Announcement • Sep 14
Perfectech International Holdings Limited Announces Executive Changes The board of directors of Perfectech International Holdings Limited announced that Ms. Ng Chi Man (Ms. Ng) has tendered her resignation as the company secretary and an authorized representative of the company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited all with effect from 13 September 2022, due to her other personal commitments which require more of her dedication and time commitment. The Board announced that Mr. Lam Ka Shun (Mr. Lam) has been appointed as the Company Secretary and an Authorised Representative of the Company with effect from 13 September 2022. Mr. Lam, aged 40, has over 15 years of experience in accounting, auditing, corporate finance, corporate governance and mergers and acquisitions. Mr. Lam holds a Bachelor of Science in Business Administration majoring in accounting. Mr. Lam is qualified as a certified public accountant at The State Board of Accountancy of California of the United States of America, and a registered member of the American Institute of Certified Public Accountants. Mr. Lam is also the finance director of the Group and is responsible for the financial and accounting functions of the Group. Reported Earnings • Sep 02
First half 2022 earnings released: HK$0.021 loss per share (vs HK$0.031 loss in 1H 2021) First half 2022 results: HK$0.021 loss per share (up from HK$0.031 loss in 1H 2021). Revenue: HK$77.3m (down 5.2% from 1H 2021). Net loss: HK$6.78m (loss narrowed 32% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Aug 13
Perfectech International Holdings Limited to Report Q2, 2022 Results on Aug 31, 2022 Perfectech International Holdings Limited announced that they will report Q2, 2022 results on Aug 31, 2022 Announcement • May 17
Perfectech International Holdings Limited, Annual General Meeting, Jun 16, 2022 Perfectech International Holdings Limited, Annual General Meeting, Jun 16, 2022, at 11:00 China Standard Time. Location: 24/F, Admiralty Centre 1, 18 Harcourt Road Hong Kong Hong Kong Agenda: To consider receiving and adopt the audited consolidated financial statements and the reports of the directors of the company and the independent auditors of the company for the year ended December 31, 2021; to re-appoint Messrs. HLM CPA Limited as the auditors and authorize the board of directors to fix their remuneration; to re-elect Mr. Li Shaohua as an executive director; to authorize the board of directors to fix the directors' remuneration; and to consider other matters. Announcement • May 02
Perfectech International Holdings Limited to Report Fiscal Year 2021 Final Results on May 16, 2022 Perfectech International Holdings Limited announced that they will report fiscal year 2021 final results on May 16, 2022 Reported Earnings • Mar 31
Full year 2021 earnings released: HK$0.02 loss per share (vs HK$0.048 loss in FY 2020) Full year 2021 results: HK$0.02 loss per share (up from HK$0.048 loss in FY 2020). Revenue: HK$186.2m (up 15% from FY 2020). Net loss: HK$6.43m (loss narrowed 59% from FY 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 27
First half 2021 earnings released: HK$0.031 loss per share (vs HK$0.022 loss in 1H 2020) The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: HK$81.6m (up 14% from 1H 2020). Net loss: HK$9.98m (loss widened 40% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Executive Departure • Sep 08
Company Secretary & CFO Tak Ho Leung has left the company On the 6th of September, Tak Ho Leung's tenure as Company Secretary & CFO ended after 3.0 years in the role. We don't have any record of a personal shareholding under Tak Ho's name. A total of 3 executives have left over the last 12 months. Announcement • Aug 07
Perfectech International Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2021 Perfectech International Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2021. For the six months, the Group is expected to record an increase in its consolidated net loss for the six months ended 30 June 2021 in the range of 50% to 65% as compared to the six months ended 30 June 2020. a decrease in gross profit and gross profit margin as a result of, among others, the increase in the costs of raw materials, costs of subcontracting and social insurance for the production staff in the People's Republic of China (the ``PRC''); an increase in net foreign exchange loss as a result of the appreciation of Renminbi;
and an increase in administrative expenses as a result of, among others, an increase in staff costs and social insurance for the administrative staff in the PRC. Reported Earnings • Apr 26
Full year 2020 earnings released: HK$0.048 loss per share (vs HK$0.17 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: HK$162.0m (up 14% from FY 2019). Net loss: HK$15.8m (loss narrowed 71% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: HK$0.048 loss per share (vs HK$0.17 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: HK$162.0m (up 14% from FY 2019). Net loss: HK$15.8m (loss narrowed 71% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Mar 13
Perfectech International Holdings Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 Perfectech International Holdings Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Mar 01
New 90-day high: HK$1.12 The company is up 215% from its price of HK$0.35 on 01 December 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 13% over the same period. Is New 90 Day High Low • Feb 01
New 90-day high: HK$0.43 The company is up 9.0% from its price of HK$0.40 on 03 November 2020. The Hong Kong market is up 15% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Leisure industry, which is also up 9.0% over the same period. Announcement • Dec 17
Perfectech International Holdings Limited Announces Board Changes Perfectech International Holdings Limited board of directors announced that with effect from 15 December 2020: Ms. Zhu Yuqi has resigned as the non-executive Director, the chairman of the Board and the chairman of the nomination committee of the Company; and Mr. Lau Shu Yan, an independent non-executive Director, has been appointed as the chairman of the Nomination Committee. Following the resignation of Ms. Zhu as the chairman of the Nomination Committee, Mr. Lau, an independent non-executive Director, has been appointed as the chairman of the Nomination Committee. Following the above changes, the Nomination Committee comprises three members, namely Mr. Lau as chairman, Mr. Xie Xiaohong, Mr. Geng Jianhua, each being an independent non-executive Director. Is New 90 Day High Low • Nov 19
New 90-day low: HK$0.39 The company is down 19% from its price of HK$0.47 on 21 August 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 7.0% over the same period. Announcement • Oct 10
Perfectech International Holdings Limited Announces Management Changes Perfectech International Holdings Limited announced management changes. The board of directors of the company announces that with effect from October 8, 2020 Qin Feng has resigned as an independent non-executive Director, the chairman of the remuneration committee, a member of the audit committee and member of the nomination committee of the Company; and Geng Jianhua has been appointed as an independent non-executive Director, the chairman of the remuneration committee, a member of the audit committee and a member of the nomination committee of the company. Qin resigned due to his other business commitments which require more of his dedication and time commitment. He has confirmed that he has no disagreement with the Board and there are no circumstances related to his resignation which needs to be brought to the attention of The Stock Exchange of Hong Kong Limited or the shareholders of the company. Mr. Geng currently serves as the chairman of the Shanghai Geophysical Society and council member of the Chinese Geophysical Society. Mr. Geng is also a member of the Chinese Petroleum Society, Chinese Geophysical Society, European Association of Geoscientists and Engineers, Society of Exploration Geophysicists and American Geophysical Union. Is New 90 Day High Low • Sep 30
New 90-day low: HK$0.40 The company is down 23% from its price of HK$0.52 on 02 July 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 6.0% over the same period. Announcement • Sep 26
Lau Kim Hung Jack and Chan Francis Ping Kuen entered into an agreement to acquire Sunflower Garland Manufactory Limited from Perfectech International Holdings Limited (SEHK:765) for HKD 66.8 million. Lau Kim Hung Jack and Chan Francis Ping Kuen entered into an agreement to acquire Sunflower Garland Manufactory Limited from Perfectech International Holdings Limited (SEHK:765) for HKD 66.8 million on September 24, 2020. Lau Kim Hung Jack and Chan Francis Ping Kuen has paid HKD 6.68 million upon signing the agreement, HKD 20.04 million will be paid within 30 days of signing of the agreement and HKD 40.08 million will be paid on completion of the transaction. Sunflower Garland Manufactory Limited reported total assets of HKD 80.07 million and net liabilities of HKD 5.16 million as of August 31, 2020. Post closing of the transaction, Sunflower Garland Manufactory Limited will cease to be a subsidiary of Perfectech International Holdings Limited. The transaction is subject to due diligence review, approval of offer by target shareholders, execution/completion of reorganization and Sunflower Garland Manufactory Limited restructures debt. The expected closing date of the transaction is within 10 days after fulfillment of the conditions. INCU Corporate Finance Limited acted as a financial advisor for Perfectech International Holdings Limited. Reported Earnings • Sep 19
First half earnings released Over the last 12 months the company has reported total losses of HK$35.7m, with losses narrowing by 14% from the prior year. Total revenue was HK$148.7m over the last 12 months, largely unchanged from the prior year. Announcement • Aug 11
Perfectech International Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 Perfectech International Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020