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Greater China Financial Holdings Limited ( (HK:0431) ) just unveiled an announcement.
Greater China Financial Holdings provided a quarterly update on its trading resumption process, noting that its industrial property operations remain stable with warehouses at full occupancy and generating steady revenue. The group’s general trading business in liquor remains suspended amid slow market recovery in the PRC, while its tobacco flavours segment has secured six sales orders worth at least RMB7 million to support its operating performance.
The company has announced the disposal of Harmonic Edge Limited and its subsidiaries, a move expected to substantially reduce group net liabilities, generate an unaudited gain, and assist in removing a disclaimer of opinion linked to that disposal group. It is also planning to sell its Ningbo loan financing subsidiaries by the first half of 2026 to further cut net liabilities, and confirms that, following the appointment of Ms. Luo Ruishan as an executive director in December 2024, it now complies with relevant Hong Kong listing governance requirements as it pursues trading resumption.
More about Greater China Financial Holdings Limited
Greater China Financial Holdings Limited is a Bermuda-incorporated company listed in Hong Kong, operating an industrial property business with fully occupied warehouse facilities. The group is also involved in manufacturing and sale of tobacco flavours and has historically engaged in general trading and loan financing activities in mainland China, though some of these segments are currently suspended or earmarked for disposal.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$77.76M
Learn more about 0431 stock on TipRanks’ Stock Analysis page.