Green International Clarifies Beauty Parlor Disposals and Discloses Loss-Making Financials

Green International Holdings Limited ( (HK:2700) ) has provided an announcement.

Green International Holdings Limited has issued a clarification regarding its previously announced disposals of two beauty parlors, correcting a typographical error to confirm that Mr. Tan Huo is the purchaser under the second, rather than the first, disposal. The company also provided supplemental financial data showing that both parlors recorded shrinking revenues and recurring losses from 2023 to 2025, alongside relatively low carrying values for the assets, underscoring a strategic exit from underperforming operations and potentially modest financial impact for shareholders.

The First Beauty Parlor’s revenue fell from HK$4.0 million in 2023 to HK$1.9 million in 2025, with losses after tax remaining above HK$2.7 million annually, while the Second Beauty Parlor’s revenue declined from HK$3.7 million to HK$2.8 million over the same period and its losses also widened. With unaudited carrying values for the disposal assets ranging from HK$48,000 to HK$509,000, the transactions appear aimed at streamlining the group’s portfolio by divesting small-scale, loss-making units, which may help refocus resources but is unlikely to materially shift the group’s overall financial profile in the near term.

More about Green International Holdings Limited

Green International Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates beauty parlors among its businesses and reports its financials under Hong Kong generally accepted accounting principles. The company’s disclosed transactions involve the disposal of certain beauty parlor assets that have been generating declining revenues and consistent losses in recent years.

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