Hony Media Group Offloads Loss-Making Subsidiary for Nominal HK$1

Huayi Tencent Entertainment Co., Ltd. ( (HK:0419) ) just unveiled an announcement.

Hony Media Group has agreed to sell its entire equity interest in a wholly owned subsidiary, together with the assignment of a shareholder’s loan of about HK$141.68 million owed by the subsidiary, to independent third party Xu Chun Sheng for a nominal consideration of HK$1, resulting in the subsidiary’s removal from the group’s consolidated financial statements. The deal, which completed on 30 January 2026 and qualifies as a discloseable transaction under Hong Kong listing rules, reflects the subsidiary’s consecutive losses and net liabilities of about HK$6.75 million, and signals the group’s move to shed underperforming assets and clean up its balance sheet, with implications for reducing ongoing financial drag on the company.

The most recent analyst rating on (HK:0419) stock is a Hold with a HK$0.36 price target. To see the full list of analyst forecasts on Huayi Tencent Entertainment Co., Ltd. stock, see the HK:0419 Stock Forecast page.

More about Huayi Tencent Entertainment Co., Ltd.

Hony Media Group, incorporated in the Cayman Islands and listed in Hong Kong, operates through various subsidiaries and has been engaged in media-related and investment activities, managing a portfolio of businesses whose financial performance and strategic fit are periodically reviewed.

Average Trading Volume: 735,217

Technical Sentiment Signal: Sell

Current Market Cap: HK$563.2M

For an in-depth examination of 0419 stock, go to TipRanks’ Overview page.