预期净亏损乃主要由于(i)中国房地产市场长期低迷，导致营业额大幅下降;(ii)投资物业公平值下降;及 (iii)本期间内为一个土地重建项目的拆迁工程预付款项及其他按金的减值损失所致。 宝新置地(00299)发布公告，集团预计本期间(截至2025年6月30日止6个月)将取得净亏损不多于2.45亿港 元，而截至2024年6月30日止6个月则取得净亏损约15.7亿港元。 ...

预期净亏损乃主要由于(i)中国房地产市场长期低迷，导致营业额大幅下降;(ii)投资物业公平值下降;及 (iii)本期间内为一个土地重建项目的拆迁工程预付款项及其他按金的减值损失所致。 智通财经APP讯，宝新置地(00299)发布公告，集团预计本期间(截至2025年6月30日止6个月)将取得净亏 损不多于2.45亿港元，而截至2024年6月30日止6个月则取得净亏损约15.7亿港元。 ...

格隆汇8月22日丨宝新置地(00299.HK)发布公告，截至2025年6月30日止六个月，集团预计本期间将录得 净亏损不多于2.45亿港元，而截至2024年6月30日止六个月则录得净亏损约15.70亿港元。 公告表示，预期净亏损主要由于(i)中国房地产市场长期低迷，导致营业额大幅下降；(ii)投资物业公平 值下降；及(iii)本期间内为一个土地重建项目的拆迁工程预付款项及其他按金的减值损失所致。 ...

董事會謹此知會股東及潛在投資者，根據對董事會目前可得資料（包括本集團於本期 間的未經審核綜合管理賬目）的初步審閱及評估，本集團預計本期間將錄得淨虧損不 多於245百萬港元。 股東及潛在投資者務請細閱預期將於二零二五年八月二十九日刊發之本公司二零二五 年中期業績公告所披露的財務資料詳情。 股東及潛在投資者於買賣本公司證券時務請審慎行事。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 盈利警告 本公告乃本公司根據上市規則第13.09(2)(a)條及證券及期貨條例第XIVA部內幕消息條 文（定義見上市規則）而刊發。 由於本公司仍正在編製本集團於本期間的未經審核綜合財務業績（「二零二五年中期業 績」），本公告所載資料僅基於董事會經參考本集團於本期間的內部未經審核綜合管理賬 目及董事會目前可得資料所作出的初步評估，而該等資料並未經本公司核數師審核或審 閱，且或會適時予以調整。股東及潛在投資者務請細閱預期將於二零二五年八月二十九 日刊發之本公司二零二五年中期業 ...

董事會會議召開日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 承董事會命 寶新置地集團有限公司 執行董事兼公司秘書 房正剛 香港，二零二五年八月十八日 於本公告日期，董事會包括兩名執行董事John Edward Hunt先生及房正剛先生；一名非執 行董事湛玉珊女士；及三名獨立非執行董事談昕嫣女士、施法振先生及黃樹波先生。 寶新置地集團有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公司將於二零二五 年八月二十九日（星期五）舉行董事會會議，藉以（其中包括）批准公佈本公司及其附屬公 司截至二零二五年六月三十日止六個月之中期業績，以及考慮派發中期股息（如有）。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 寶新置地集團有限公司 (於開曼群島註冊成立之有限公司） 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00299 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.05 HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 8,000,000,000 | HKD | | 0.05 HKD | | 400,000,000 | 本月底 ...

Financial Performance - The company reported a consolidated revenue of HKD 1.2 billion for the year ended December 31, representing a 15% increase compared to the previous year[19]. - The net profit for the year was HKD 300 million, reflecting a growth of 20% year-on-year[19]. - For the year ended 31 December 2024, the revenue decreased to HK$385,847,000, down 68.0% from HK$1,203,026,000 in 2023[20]. - The Group recorded revenue of approximately HK$385.8 million, a decrease of approximately 67.9% from HK$1,203.0 million in the prior year[70]. - Revenue from property sales was approximately HK$55.8 million, down approximately 93.2% year-on-year, primarily due to the ongoing recession in the PRC property market[71]. - The Group recorded a net loss of approximately HK$2,288.5 million for the Year, compared to a net loss of approximately HK$827.8 million for the Prior Year, reflecting a significant deterioration in financial performance[85]. Market and User Growth - User data indicated an increase in active users by 25%, reaching a total of 500,000 users[19]. - The company has projected a revenue growth of 10% for the upcoming fiscal year, targeting HKD 1.32 billion[19]. - The average sales in 30 major cities in China increased by approximately 34% after the introduction of supportive policies, with first-tier cities growing by about 53%[31]. - The real estate market in China is expected to see positive sales growth in 2025 after a 50% decline from its peak in 2021[31]. - The real estate market in Mainland China is showing signs of gradual recovery, supported by policy measures and recovering rigid demand[38]. Strategic Initiatives - New product launches are expected to contribute an additional HKD 150 million in revenue over the next year[19]. - The company is expanding its market presence in Southeast Asia, with plans to open three new offices by the end of 2025[19]. - A strategic acquisition of a local competitor is anticipated to enhance market share by 5%[19]. - The Group's strategy focuses on "guaranteeing funds, delivery, and operation" to ensure steady progress and sustainable development amid market challenges[38]. Financial Management and Challenges - The company is prioritizing solving its debt problem and is actively communicating with banks and creditors to reduce financial risks[33]. - Financial pressure remains a significant challenge for the company, necessitating prudent capital management and careful budgeting[32]. - The Group aims to maintain a healthy debt structure and capital status to ensure operational stability and safety[66]. - The Group is implementing cost-saving measures and liquidity control to address financial challenges, including seeking financing extensions and streamlining operations[63]. Asset and Liability Management - Total assets decreased to HK$7,246,841,000 in 2024 from HK$11,147,598,000 in 2023, representing a decline of 34.0%[22]. - Total liabilities decreased to HK$7,342,605,000 in 2024 from HK$8,922,013,000 in 2023, a reduction of 17.7%[22]. - The equity attributable to owners of the company turned negative at HK$305,147,000 in 2024, down from HK$1,189,207,000 in 2023[22]. - The Group's total borrowings amounted to approximately HK$3,665.8 million as of 31 December 2024, down from approximately HK$4,670.3 million as of 31 December 2023[88]. Operational Efficiency - The company aims to improve operational efficiency, targeting a reduction in costs by 8% over the next year[19]. - The Group has implemented effective measures to ensure timely delivery of projects, maintaining customer trust and reputation[37]. - The Group's measures aim to reduce reliance on a single asset or project, thereby enhancing overall financial stability[126]. Legal and Compliance Issues - The auditor issued a Disclaimer of Opinion due to multiple uncertainties relating to going concern and scope limitations on impairment assessments[96]. - As of December 31, 2024, four lenders initiated legal proceedings against Jitong Industrial and Hunan Meilian for defaulted borrowings totaling approximately RMB388 million (equivalent to approximately HK$417 million)[105]. - The Group is actively negotiating with lenders for alternative settlement arrangements for remaining defaulted borrowings, which may include using assets for settlement or extending repayment dates[111]. Management and Governance - The board of directors includes a diverse range of professionals with expertise in finance, law, and community service, enhancing the company's governance[165]. - The company emphasizes the importance of maintaining key client relationships and fostering long-term collaborations with external partners[160]. - The Group's management will continue to communicate closely with lenders to explore alternative settlement options[104]. Environmental and Social Responsibility - The Group is committed to improving environmental sustainability and will monitor its performance closely, as detailed in the upcoming ESG report[185]. - The Group has complied with all relevant PRC laws and regulations governing property development and management, with no non-compliance incidents reported for the year[186].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a total revenue of HKD 385,847,000, a decrease of 68.0% compared to HKD 1,203,026,000 in 2023[3] - The company incurred a gross loss of HKD 390,012,000, compared to a gross loss of HKD 222,887,000 in the previous year, reflecting a significant increase in losses[3] - The operating loss for the year was HKD 2,048,189,000, which is a substantial increase from the operating loss of HKD 758,149,000 in 2023[3] - The net loss for the year amounted to HKD 2,288,528,000, compared to a net loss of HKD 827,797,000 in the prior year, indicating a worsening financial position[3] - The company reported a basic and diluted loss per share of HKD 1,351.40, compared to HKD 550.66 in the previous year, highlighting increased losses on a per-share basis[4] - The company reported a loss before tax of HKD 2,320,610,000 for the fiscal year ending December 31, 2024, compared to a loss of HKD 891,936,000 in 2023[28] - The company recorded a net loss of approximately HKD 2,288.5 million for the year, compared to a net loss of approximately HKD 827.8 million in the previous year, reflecting a significant increase in losses[80] Asset and Liability Management - The company's total assets decreased to HKD 6,494,605,000 from HKD 9,731,912,000, representing a decline of 33.0%[5] - Current liabilities increased to HKD 7,025,531,000 from HKD 8,138,485,000, indicating a reduction in the company's liquidity position[5] - The company has a total debt of approximately HKD 3,666,000,000, with current borrowings of HKD 3,362,304,000, raising concerns about its ability to meet short-term obligations[9] - The net current liabilities of the group were approximately HKD 530.9 million as of December 31, 2024, compared to net current assets of approximately HKD 1,593.4 million in the previous year[82] Legal and Financial Challenges - As of December 31, 2024, the total overdue bank borrowings include approximately RMB 1,197 million (equivalent to about HKD 1,286 million) from Shenzhen Jitong Industrial Co., Ltd. and RMB 155 million (equivalent to about HKD 166 million) from Hunan Meilian Property Co., Ltd.[10] - Hunan Meilian has received a court execution notice for overdue borrowings amounting to approximately RMB 290 million, which includes principal, interest, and default interest[11] - The company has ongoing legal proceedings related to unpaid construction costs and operational payables totaling approximately RMB 296 million (equivalent to about HKD 317 million)[12] - Legal actions have been initiated by lenders for overdue borrowings totaling approximately RMB 388 million (approximately HKD 417 million), with one lender seeking repayment of approximately RMB 290 million from Hunan Meilian[50] Strategic Restructuring - The company has sold various business segments, including golf driving ranges and karaoke establishments, as part of its strategic restructuring efforts[6] - The company has sold its businesses related to golf driving ranges, children's playrooms, fitness centers, and karaoke venues during the year[25] - The group completed the sale of Shenzhen Baoxin Trading Co., Shenzhen Weizhi Education Investment Co., and Shenzhen Hongguanghao Industrial Co. for a total consideration of approximately RMB 245,323,000 (equivalent to about HKD 284,377,000) to partially repay bonds held by Yuneng International[43] - The group completed the sale of 51% equity in Shantou Taisheng Technology Co., Ltd. for approximately RMB 795.69 million, with the remaining 42.33% equity to be transferred later[74] - The group sold its entire stake in Shenzhen Baoxin Cultural Development Co., Ltd., exiting the sports and entertainment sector[73] Cash Flow and Liquidity Management - The company has developed a cash flow forecast for the next 15 months to alleviate liquidity pressure and improve financial conditions[13] - The company is actively negotiating with lenders for possible settlement arrangements to avoid the sale or auction of pledged assets[13] - The company is exploring alternative settlement arrangements with lenders, which may prevent the sale or auction of collateral assets[59] - The group has implemented strict liquidity controls and cost-saving measures to address liquidity challenges, including seeking financing extensions and reducing non-core business operations[76] Market Conditions and Future Outlook - The Chinese real estate market is experiencing a recovery with a 34% increase in average sales across 30 major cities following supportive policies, with first-tier cities seeing a 53% increase[63] - The company anticipates positive impacts from new policies aimed at stimulating the real estate market, including the establishment of a dual-track supply system and easing of purchase restrictions[62] - The group anticipates a gradual stabilization of the market by 2025, with expectations of narrowing transaction declines in the property sector[75] - The company has observed a trend of increasing housing demand, particularly in rigid demand segments, indicating a potential market rebound[61] Impairment and Valuation Adjustments - The company recognized an impairment loss of approximately RMB 1,180,941,000 (approximately HKD 1,283,683,000) for the year, compared to no impairment loss in 2023[36] - The company has recognized an impairment loss of approximately HKD 1,284 million for the prepayments related to the redevelopment project in Shenzhen, with a recoverable amount estimated at about HKD 1,003 million as of December 31, 2024[56] - The company has not received sufficient information to determine the appropriateness of the valuation adjustments related to the redevelopment project, which may impact the financial statements significantly[57] Corporate Governance - The company has adhered to the corporate governance code as per the listing rules throughout the year, with no deviations reported for the year ending December 31, 2024[93] - The audit committee has reviewed and approved the group's financial results for the year ending December 31, 2024[98] - The independent auditor, Hong Kong Li Xin De Hao CPA Limited, has agreed to the figures presented in the preliminary results announcement for the year ending December 31, 2024[99] - The company's annual report for 2024, containing all information required by the listing rules, will be sent to shareholders and made available on the company's website at an appropriate time[101]

Financial Performance - For the six months ended June 30, 2024, the company reported a revenue of HKD 455,016,000, a significant increase from HKD 159,592,000 in the same period of 2023, representing a growth of 185.1%[1] - The company experienced a gross loss of HKD 114,777,000 for the period, compared to a gross loss of HKD 56,583,000 in 2023, indicating a deterioration in profitability[1] - The loss before tax for the six months ended June 30, 2024, was HKD 1,601,762,000, compared to a loss of HKD 245,631,000 in the previous year, reflecting a substantial increase in losses[2] - The total comprehensive loss for the period was HKD 1,573,250,000, compared to HKD 158,672,000 in 2023, marking an increase of 894.5%[2] - The basic and diluted loss per share for the period was HKD 1,112.29, compared to HKD 124.10 in the same period of 2023, highlighting a worsening financial performance[3] - The group reported a total revenue of HKD 455,016,000 for the six months ended June 30, 2024, with property development and investment contributing HKD 127,413,000, bulk trading HKD 311,998,000, and other segments HKD 15,605,000[13] - The group experienced a loss before tax of HKD 1,601,762,000 for the six months ended June 30, 2024, compared to a loss of HKD 245,631,000 for the same period in 2023[15] - The gross loss for the period was approximately HKD 114,777,000, up 102.8% from a gross loss of HKD 56,583,000 in the previous year, with a gross loss margin of 25.2%[48] - The group recorded a net loss of approximately HKD 1,569,918,000 for the period, compared to a net loss of approximately HKD 217,065,000 for the six months ended June 30, 2023, representing a significant increase in losses due to inventory write-downs and impairment losses[49] Asset and Liability Management - The company reported a net asset value of HKD 652,335,000 as of June 30, 2024, a decrease from HKD 2,225,585,000 as of December 31, 2023, indicating a significant decline in equity[5] - Non-current assets, including property, plant, and equipment, decreased to HKD 14,982,000 from HKD 57,072,000, indicating a reduction in long-term investments[4] - Current assets, particularly inventory, decreased to HKD 4,394,298,000 from HKD 4,722,974,000, suggesting a decline in stock levels[4] - The company's total liabilities decreased to HKD 7,640,294,000 from HKD 8,138,485,000, reflecting a reduction in financial obligations[4] - The total liabilities increased to HKD 3,262,261,000 as of June 30, 2024, from HKD 2,999,725,000 as of December 31, 2023, indicating a rise in financial obligations[25] - As of June 30, 2024, the group's total borrowings amounted to approximately HKD 3,838,940,000, a decrease from approximately HKD 4,670,255,000 as of December 31, 2023[50] - The group's cash and bank balances were approximately HKD 18,560,000 as of June 30, 2024, down from approximately HKD 23,843,000 as of December 31, 2023[50] - The total capital expenditure for the period was approximately HKD 4,631,000, significantly lower than approximately HKD 33,671,000 for the six months ended June 30, 2023[51] - The group's net current assets were approximately HKD 407,379,000 as of June 30, 2024, compared to approximately HKD 1,593,427,000 as of December 31, 2023[50] - The group has commitments for capital expenditures of approximately HKD 912,604,000 as of June 30, 2024, down from approximately HKD 1,545,974,000 as of December 31, 2023[58] Operational Strategy and Market Conditions - The company is primarily engaged in operating golf driving ranges, children's playrooms, fitness centers, and karaoke venues, as well as property development and investment activities in China[6] - The group plans to accelerate the pre-sale of major property development projects during the cash flow forecast period to alleviate liquidity pressure[9] - The group incurred a significant impairment loss of HKD 1,174,710,000 on development project prepayments during the reporting period[15] - The overall sales performance in the first half of 2024 was below expectations, with significant downward pressure on sales due to market conditions[42] - The real estate market in China is experiencing significant sales pressure, with a tightening financing environment and increased debt defaults[41] - The company is focusing on project delivery as a core operational strategy to maintain customer trust and reputation[41] - The company aims to ensure timely and high-quality project delivery, with ongoing construction in various projects[42] - The company is adapting marketing strategies to align with local policies and market demands[42] - The group is implementing liquidity controls and cost-saving measures to address liquidity challenges, including seeking financing extensions and accelerating sales[47] Changes in Management and Governance - Changes in the board include the resignation of Mr. Yao Jianhui as Executive Director and Chairman, effective June 19, 2024, with Mr. John Edward Hunt appointed as his successor[64] - The Audit Committee has been established in accordance with listing rules, comprising all independent non-executive directors, to oversee financial reporting and risk management[65] - The Audit Committee has reviewed and approved the unaudited condensed consolidated financial statements for the six months ending June 30, 2024[66] Sales and Disposals - The group sold investment properties for approximately HKD 260,480,000 during the six months ended June 30, 2024, a significant decrease from HKD 2,100,992,000 in the same period of 2023[18] - The company sold its entire stake in Glory Sun Group Holding (Canada) Ltd. for a cash consideration of CAD 95,000, equivalent to approximately HKD 539,000[28] - The total cash consideration received from the sale of Shenzhen Hongguanghao Industrial Co., Ltd. was HKD 120,008 thousand, with a net asset value of HKD 155,006 thousand at the time of sale[36] - The company completed the sale of Shenzhen Baoxin Cultural Development Co., Ltd. for a cash consideration of RMB 100,000, approximately HKD 108,000[38] - The company has agreed to postpone the second phase of the sale of Shantou Taisheng Technology Co., Ltd. to June 30, 2024, reducing the scale of the sale from 49% to 42.33%[39] - The company recorded a cash payment of HKD 1 for the sale of Kaisheng International Limited, indicating a minimal financial impact from this transaction[29] - The total cash consideration from the sale of Shenzhen Baoxin Trading Co., Ltd. was not specified, but the company confirmed the completion of the sale during the reporting period[32] Employee and Internal Control - The group has 66 full-time employees as of June 30, 2024, a decrease from 197 employees as of December 31, 2023[55] - The board is responsible for maintaining an effective internal control system and conducts annual reviews of financial, operational, and compliance monitoring processes[63] - The group did not recommend any interim dividend for the six months ended June 30, 2024, consistent with the previous period[59] - The group has no significant contingent liabilities as of June 30, 2024, compared to zero as of December 31, 2023[57] - The group has reduced its pledged and restricted bank deposits to approximately HKD 31,473,000 as of June 30, 2024, from approximately HKD 52,081,000 as of December 31, 2023[52]

Financial Performance - Revenue for the year ended December 31, 2023, was HK$1,203,026,000, a decrease of 25.6% compared to HK$1,617,467,000 in 2022[15] - Loss before income tax for continuing operations was HK$891,936,000, compared to a loss of HK$1,061,783,000 in the previous year, indicating an improvement of 15.9%[15] - The loss attributable to owners of the company for the year was HK$601,331,000, a reduction from HK$787,049,000 in 2022, reflecting a 23.5% improvement[15] - Basic loss per share from continuing operations was (550.66) cents, compared to (720.73) cents in 2022, showing a decrease in loss per share of 23.5%[15] - The company reported a total comprehensive loss for the year of HK$827,797,000, compared to a loss of HK$911,264,000 in 2022, marking a 9.1% improvement[15] Market Strategy and Outlook - The company is focusing on market expansion and new product development to enhance revenue streams in the upcoming fiscal year[15] - The management anticipates a gradual recovery in market conditions, which may positively impact future performance[15] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[15] - Investment in new technologies is a priority, aiming to improve operational efficiency and customer engagement[15] - The Group aims to enhance market competitiveness by innovating products and services in response to mainstream demand[62] Asset and Liability Management - Total assets for the year ended December 31, 2023, were HK$11,147,598, a decrease of approximately 33.1% from HK$16,684,537 in 2022[18] - Total liabilities decreased to HK$8,922,013, down 33.5% from HK$13,491,983 in 2022[18] - Equity attributable to owners of the company was HK$1,189,207, a decline of 29.1% compared to HK$1,675,868 in 2022[18] - As of December 31, 2023, total borrowings amounted to approximately HK$4,670.3 million, down from approximately HK$6,481.1 million in the prior year[90] - The gearing ratio of the Group as of December 31, 2023, was approximately 2.1, compared to approximately 1.9 as of December 31, 2022[94] Real Estate Market Performance - The gross floor area (GFA) sold of commodity housing in 2023 was approximately 1.12 billion square meters, representing a decrease of approximately 8.5% year-on-year[27] - Sales of commodity housing amounted to approximately RMB11,662.2 billion, reflecting a year-on-year decrease of approximately 6.5%[27] - Total investment for real estate development fell by approximately 9.6% year-on-year for the second consecutive year[27] - The overall downward pressure in the property market continues, impacting the Group's sales performance and creating significant sales pressure[35] - The property market recovery remains insufficient, with ongoing downward pressure and a strong wait-and-see sentiment affecting sales performance[138] Operational Efficiency - The cost of sales decreased to approximately HK$1,425.9 million, down approximately 33.5% from HK$2,142.6 million in the prior year[74] - The gross loss for the year was approximately HK$222.9 million, an improvement from a gross loss of approximately HK$525.1 million in the prior year, resulting in a gross loss margin of 18.5%[74] - Selling expenses were approximately HK$14.5 million, a decrease of about 72.7% from approximately HK$53.1 million in the prior year[79] - Administrative expenses decreased by approximately 54.3% to about HK$54.4 million from approximately HK$119.0 million in the prior year[79] - The Group's overall debt management plan was advanced in 2023 to lower debt costs and alleviate repayment pressure[39] Corporate Governance and Management - The company plans to enhance its corporate governance practices to align with best industry standards[15] - The company has a strong executive team, including Mr. Yao Jianhui as Chairman and Ms. Xia Lingjie as CEO, both bringing extensive experience in financial management and corporate strategy[183][185] - Ms. Xia has significant expertise in business financial management, merger and acquisition management, and operational management, enhancing the company's strategic execution capabilities[191][195] - The company has maintained a consistent approach to governance with a diverse board, including independent directors with varied expertise in finance and law[196][199] - The Audit Committee has reviewed the Disclaimer of Opinion and supports the Management's proposed actions to address liquidity issues, emphasizing the need for strict adherence to the action plan[124] Liquidity and Financial Viability - The Group's financial viability is under scrutiny due to a Disclaimer of Opinion from the Auditor, primarily related to the lack of sufficient information from fund providers to assess their ability to provide necessary financial support[118] - The Directors believe that the Unutilised Facilities will provide adequate financing, supported by a long-standing relationship with fund providers, despite the absence of documentary evidence for their financial viability[120] - The Group's ability to continue as a going concern is contingent upon the successful implementation of the proposed action plan and measures[121] - The Group's management is committed to mitigating liquidity pressure through the proposed actions and measures[124] - The Group achieved a cash inflow of approximately HK$371 million from the pre-sale of inventory properties, despite significant sales pressure in the market[138]