TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Superactive Group Company Limited ( (HK:0176) ) has provided an announcement.
Superactive Group Company Limited has announced a supplemental update regarding its business operations and resumption progress. The company has ceased its regulated financial services business, which had been negatively impacting its financial performance, and is focusing on its core electronic products manufacturing segment, which has shown increased sales and profitability. The money lending segment is being scaled down, and the Lijiang property project has been re-launched, although no sales have been made yet. The company is facing delays in publishing its 2024 Annual Results due to outstanding payments to auditors and consultants, which need to be settled before the results can be released.
More about Superactive Group Company Limited
Superactive Group Company Limited operates primarily in the manufacturing of electronic products, with a focus on increasing sales and profitability in this segment. The company has ceased its regulated financial services business and is considering scaling down or closing its money lending operations. Additionally, the company is involved in property development and management, notably with its Lijiang project.
YTD Price Performance: -35.00%
Technical Sentiment Signal: Sell
Current Market Cap: HK$26.42M
For an in-depth examination of 0176 stock, go to TipRanks’ Overview page.