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An announcement from Jiyi Holdings Limited ( (HK:1495) ) is now available.
Jiyi Holdings Limited has clarified that its previously announced disposal of Jiyi Investments Limited covers the entire Target Group, including all of the subsidiary entities, and that all disclosed financial figures for the Target Company are on a consolidated basis. The company also explained that the disposed Target Group had ceased its building materials retail business from January 2025 and has since generated only minimal rental income, while the Group’s main building materials operations have moved to other subsidiaries focused on direct sales to developers and construction firms; management believes the Group retains sufficient resources and operational capacity to continue its core building materials business after the disposal, which it views as being in the interests of shareholders, though trading in its shares remains suspended.
More about Jiyi Holdings Limited
Jiyi Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the building materials sector. Historically it sold building materials mainly through retail shops, but has shifted its focus to direct sales of building materials to property developers and construction companies for construction projects, a segment that recorded significant growth in 2025 and now contributes all of the Group’s building materials revenue.
Technical Sentiment Signal: Sell
Current Market Cap: HK$25.85M
Learn more about 1495 stock on TipRanks’ Stock Analysis page.