HONG KONG, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Reitar Logtech Holdings Limited (NASDAQ:RITR)(“Reitar” or “The Company”), Asia’s leading integrated Property + Logistics Technology (PLT) solutions platform, announced at the “Reitar Global Food Supply Chain Ecological Seminar”, a strategic partnership with China’s top casual catering supply chain provider, Hangzhou Xianmu Technology Co., Ltd. (“Xianmu”). Xianmu delivers one-stop smart supply chain solutions for the casual catering market, covering more than 120 ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Strategy Inc. (NASDAQ:MSTR), formerly known as MicroStrategy, is widely regarded as the pioneer of the Bitcoin treasury strategy among publicly traded companies. Over the past five years, its stock has skyrocketed 1,893%, fueled by the broader Bitcoin bull market and the company's aggressive, debt-driven cryptocurrency acquisitions. Following this rally, the stock currently scores poorly in terms of Value i ...

At 7:50 a.m. ET on Friday, premarket trading is seeing notable activity in several stocks, with early price movements signaling potential opportunities before the opening bell.For active traders, premarket trading offers a head start in spotting potential breakouts, reversals, or sharp price swings. These early moves often indicate where momentum may carry into the regular session, making premarket analysis a key part of the trading day.In the Green - Premarket GainersThe following stocks are trading highe ...

Price Movements of Top Losers - Cheer Holding, Inc. (CHR) experiences a significant 69.73% drop to $0.20 due to a correction in its financial results for the first half of 2025, raising investor concerns despite diversification efforts in China [2] - Reitar Logtech Holdings Limited (RITR) sees a 59.93% decrease to $2.82, potentially influenced by skepticism regarding its strategic partnership with AI logistics firm NEXX for a Smart E-commerce Fulfillment Center in Qatar [3] - Safe & Green Holdings Corp. (SGBX) witnesses a 43.51% fall to $4.05, possibly perceived negatively by the market due to its operational relocation to a new facility in Conroe, Texas [4] - TCTM Kids IT Education Inc ADR (VSA) declines by 38.37% to $2.12, with market responses reflecting concerns over regulatory changes or operational challenges in China's education sector, despite a $2 billion digital treasury program launched by VisionSys AI Inc. [5] - Wheeler Real Estate Investment Trust, Inc. (WHLRL) falls by 42.52% to $80.47, linked to broader challenges in the retail real estate sector, including shifts in consumer behavior and e-commerce impacts [6]

Core Insights - Reitar Logtech Holdings Limited has signed a Strategic Cooperation Memorandum of Understanding with AI logistics company NEXX to establish a Smart Fulfillment Center in Qatar, set to commence full operations by the end of 2025 [2][3][10] Project Overview - The Smart Fulfillment Center will cover 5,000 square meters and will be equipped with advanced technologies including an Agentic AI management system and automated sorting robots, aimed at enhancing logistics efficiency for cross-border B2C e-commerce [3][4] - The project is located in Milaha Logistics City, Doha, Qatar, and will be co-invested by Solomon Capital Fund, focusing on the digitization and automation of logistics in the Middle East [2][3] Technology Integration - The project will utilize Reitar's PLT automation solutions alongside NEXX's AI-driven technology to create a highly automated facility [4][6] - Key features include: - Intelligent Storage System with 6,744 storage locations and a height of 16 meters [4] - Robotic Sorting System with a combined capacity of 3,800 items per hour [7] - AMR Picking System with 26 Autonomous Mobile Robots [7][8] - Agentic AI Management System for automated decision-making and task execution [8] Market Prospects - The logistics market in the Gulf Cooperation Council (GCC) is projected to reach $171 billion by 2033, with a compound annual growth rate of 5.1% [15] - The project aligns with Qatar's 2030 National Vision for economic diversification and supports the development of a digital logistics corridor under China's Belt and Road Initiative [15] Strategic Significance - The collaboration aims to strengthen Qatar's position as a regional logistics hub by connecting logistics networks between China, Europe, and the Middle East [10] - Reitar's Chairman and CEO emphasized the importance of this collaboration in creating benchmarks for smart logistics and opening new opportunities in the Middle Eastern market [11] Future Plans - The project will proceed in phases, with the pilot phase from 2025 to 2026 focusing on operational validation, followed by expansion into the Middle East and Southeast Asia from 2027 to 2028, and global expansion post-2029 [16]

Core Viewpoint - Reitar Logtech Holdings Limited has announced a strategic partnership with Solowin Holdings to invest up to US$150 million in logistics automation and tokenization initiatives, aiming to transform the logistics industry through fintech innovations and market expansion in Southeast Asia and the Middle East [1][2][6]. Strategic Cooperation Areas - **Logistics Asset Tokenization (RWA) Development**: The partnership will utilize Reitar's logistics automation facilities and cold storage to develop income right tokenization innovations, allowing fractional investment opportunities in logistics park rentals and cold chain service fees [3]. - **Stablecoin Ecosystem Development and Application**: Reitar plans to issue a Hong Kong dollar stablecoin (RHKD) for logistics payment settlements, structured to comply with local regulations and backed by 100% reserves [4]. - **Global Market Expansion and Digital Infrastructure Investment**: The collaboration will explore establishing an investment fund in Qatar focused on logistics digital infrastructure, supporting Reitar's expansion into Southeast Asian and Middle Eastern markets [5]. Technical Implementation and Compliance Framework - The project will adopt institutional-grade blockchain infrastructure for technical security and compliance, including real-time data collection through IoT devices and adherence to regulatory requirements [6][7]. Management Perspectives - Reitar's leadership emphasizes the potential of this partnership to reshape the logistics industry and create new value for investors and customers, aligning with their global expansion strategy [6][8]. Market Prospects and Strategic Significance - The global RWA tokenization market is projected to grow from US$5 billion in 2022 to US$25.5 billion in 2025, marking a 410% increase, with logistics assets being prime targets due to their stable cash flow characteristics [9]. Implementation Timeline - The partnership envisions a multi-phase implementation, starting with a pilot phase in 2025-2026, followed by expansion into Middle Eastern and Southeast Asian markets, and ultimately replicating the model in European and Latin American markets from 2029 onwards [14].

[Part I - Corporate and Financial Information](index=6&type=section&id=Part%20I%20-%20Corporate%20and%20Financial%20Information) [Item 3. Key Information](index=6&type=section&id=Item%203.%20Key%20Information) Details the company's corporate structure, cash flow, reduced reporting status, and risks from PRC oversight and the HFCA Act - The company operates through a Cayman Islands holding company, Reitar Logtech Holdings Limited, with Hong Kong subsidiaries, explicitly avoiding a **Variable Interest Entity (VIE) structure**[20](index=20&type=chunk)[22](index=22&type=chunk) - Cash transfers between the Cayman holding company and Hong Kong subsidiaries occur via capital contributions, loans, or dividends, with **no current material impact from PRC laws**[25](index=25&type=chunk)[26](index=26&type=chunk)[27](index=27&type=chunk) - Qualifies as an **"emerging growth company"** under the JOBS Act, enabling reduced reporting requirements and an extended transition for new accounting standards[30](index=30&type=chunk)[31](index=31&type=chunk) - Despite Hong Kong operations, the company acknowledges risks from potential **PRC government oversight** that could materially impact operations and share value[33](index=33&type=chunk)[36](index=36&type=chunk)[37](index=37&type=chunk) - Auditor is subject to PCAOB inspection, but shares face **delisting risk from Nasdaq** under the HFCA Act if PCAOB cannot inspect auditors in mainland China or Hong Kong for two consecutive years[38](index=38&type=chunk)[40](index=40&type=chunk)[209](index=209&type=chunk) [Risk Factors](index=10&type=section&id=D.%20Risk%20Factors) - Business risks include dependency on Hong Kong and global economic conditions, reliance on **third-party suppliers**, long sales cycles, and significant upfront capital expenditure for its 'rent-to-rent' model[44](index=44&type=chunk)[45](index=45&type=chunk)[47](index=47&type=chunk)[49](index=49&type=chunk) - High customer concentration, with the **top five customers accounting for 97.1% of total revenue in fiscal year 2025**, poses a significant risk of losing major clients[72](index=72&type=chunk)[92](index=92&type=chunk) - Identified internal control weaknesses include **inadequate segregation of duties** and a **lack of U.S. GAAP-trained personnel**, potentially impacting accurate financial reporting[114](index=114&type=chunk)[115](index=115&type=chunk) - Jurisdictional risks arise from Hong Kong's legal system and potential **PRC government oversight**, which could materially alter operations or hinder securities offerings[159](index=159&type=chunk)[162](index=162&type=chunk)[169](index=169&type=chunk) - Shareholder risks include a **dual-class share structure** granting directors and principal shareholders **91.98% of total voting power**, limiting Class A shareholder influence, and potential delisting under the HFCA Act[203](index=203&type=chunk)[204](index=204&type=chunk)[209](index=209&type=chunk) [Item 4. Information on the Company](index=45&type=section&id=Item%204.%20Information%20on%20the%20Company) Reitar Logtech offers comprehensive logistics solutions in Hong Kong via asset management and construction services, leveraging a PLT model, while facing high customer concentration and extensive local regulations - The business model provides end-to-end logistics solutions, connecting capital partners, operators, and technology, operating through **Asset Management & Consultancy** and **Construction Management & Engineering** segments[241](index=241&type=chunk)[247](index=247&type=chunk) Financial Performance Snapshot (HK$) | Fiscal Year Ended March 31, | Revenue (HK$) | Net Income (HK$) | | :--- | :--- | :--- | | 2023 | 84.5 million | 63.6 million | | 2024 | 252.0 million | 19.6 million | | 2025 | 378.2 million | 2.4 million | - High customer concentration persists, with the **top five customers accounting for 88.3%, 94.6%, and 97.1% of total revenue** for fiscal years 2023, 2024, and 2025, respectively[283](index=283&type=chunk)[72](index=72&type=chunk) - Operations are subject to extensive Hong Kong regulations, including the **Buildings Ordinance**, **Public Health and Municipal Services Ordinance**, and various **environmental and safety laws**[309](index=309&type=chunk)[312](index=312&type=chunk)[324](index=324&type=chunk) [Item 5. Operating and Financial Review and Prospects](index=61&type=section&id=Item%205.%20Operating%20and%20Financial%20Review%20and%20Prospects) Revenue grew 50.1% to HK$378.2 million in FY2025, but gross profit margin declined to 15.9% and net income fell to HK$2.4 million, with negative operating cash flow and strategic Bitcoin purchase plans Revenue by Service Segment (HK$) | Service Segment | FY 2023 (HK$) | FY 2024 (HK$) | FY 2025 (HK$) | | :--- | :--- | :--- | :--- | | Construction management and engineering design services | 79.0M | 238.0M | 362.9M | | Asset management and professional consultancy services | 5.5M | 14.0M | 15.2M | | **Total Revenue** | **84.5M** | **252.0M** | **378.2M** | Key Financial Metrics Comparison | Metric | FY 2024 (HK$) | FY 2025 (HK$) | Change | | :--- | :--- | :--- | :--- | | Revenue | 252.0M | 378.2M | +50.1% | | Gross Profit | 64.1M | 60.1M | -6.2% | | Gross Profit Margin | 25.4% | 15.9% | -9.5 p.p. | | Net Income | 19.6M | 2.4M | -87.8% | | Net Cash from Operations | (18.7M) | (62.4M) | Worsened | - The **significant decrease in gross profit margin in FY2025** was primarily due to higher subcontracting costs for a major automated cold chain warehouse project and increased material costs[414](index=414&type=chunk)[416](index=416&type=chunk) - In June 2025, the company agreed to potentially purchase up to **15,000 BTC (valued at up to US$1.5 billion)** by issuing ordinary shares, aiming for a digital asset reserve and supporting decentralized finance[357](index=357&type=chunk) - A discontinued subleasing business generated a **one-time gain of HK$56.2 million in FY2023** from agreement termination and cold storage equipment transfer[360](index=360&type=chunk)[422](index=422&type=chunk) [Item 6. Directors, Senior Management and Employees](index=89&type=section&id=Item%206.%20Directors%2C%20Senior%20Management%20and%20Employees) Introduces the board and senior management, details their HK$7.3 million compensation, outlines key committees, and highlights the dual-class share structure concentrating 92% voting power with founders - The board comprises **seven directors**, including Chairman & CEO Kin Chung CHAN, President Hau Lim CHUNG, Chun Yip YIU, and **four independent directors**[522](index=522&type=chunk)[532](index=532&type=chunk) - Aggregate cash compensation for all directors and executive officers totaled **HK$7.3 million** for the fiscal year ended March 31, 2025[536](index=536&type=chunk) - The company's **dual-class share structure** grants directors and executive officers **91.98% of total voting power**, despite owning 71.60% of total share capital[559](index=559&type=chunk)[204](index=204&type=chunk) - The board established **Audit, Compensation, and Nomination and Corporate Governance Committees**, each composed of independent directors[542](index=542&type=chunk)[543](index=543&type=chunk)[546](index=546&type=chunk)[547](index=547&type=chunk) [Item 7. Major Shareholders and Related Party Transactions](index=96&type=section&id=Item%207.%20Major%20Shareholders%20and%20Related%20Party%20Transactions) Details related party transactions, including HK$12.6 million due from and HK$2.2 million due to related parties as of March 31, 2025, highlighting operational and financial interconnections Related Party Balances as of March 31, 2025 (HK$) | Balance Type | Amount (HK$) | Nature | | :--- | :--- | :--- | | Amount due from related parties | 12,602,227 | Unsecured, interest-free, non-trade | | Amount due to related parties | 2,167,267 | Unsecured, interest-free, non-trade | - In FY2025, significant related party transactions included **HK$16.6 million in subcontracting costs** to Smartmore LogTech International Group Limited and **HK$1.0 million in revenue** from Star Capital Investment Limited[570](index=570&type=chunk) - In FY2023, a **HK$3.6 million management fee** was paid to Kamui Group Development Limited, which ceased to be a related party after January 16, 2023, following its disposal by directors[570](index=570&type=chunk)[571](index=571&type=chunk) [Item 8. Financial Information](index=98&type=section&id=Item%208.%20Financial%20Information) Confirms inclusion of consolidated financial statements, absence of material legal proceedings, and the company's policy of retaining earnings for business expansion instead of paying dividends - The company has **not declared or paid cash dividends** and plans to retain earnings for business operations and expansion in the foreseeable future[575](index=575&type=chunk) - The company is **not currently a party to any legal or administrative proceedings** expected to have a material adverse effect on its business or financial condition[574](index=574&type=chunk) [Item 10. Additional Information](index=99&type=section&id=Item%2010.%20Additional%20Information) Outlines tax implications for investors, including no Cayman Islands taxes, Hong Kong profits tax rates, and the significant risk of **Passive Foreign Investment Company (PFIC)** classification for U.S. holders - The company, incorporated in the Cayman Islands, is **not subject to profits, income, gains, or appreciation taxes**, with no withholding tax on dividends paid to shareholders[589](index=589&type=chunk)[590](index=590&type=chunk) - Hong Kong operating subsidiaries are subject to a **16.5% profits tax rate**, with a two-tiered system applying **8.25% on the first HK$2 million** of assessable profits[592](index=592&type=chunk) - There is a risk of classification as a **Passive Foreign Investment Company (PFIC)** for U.S. federal income tax purposes, which would result in significant adverse tax consequences for U.S. Holders[224](index=224&type=chunk)[610](index=610&type=chunk)[611](index=611&type=chunk) [Item 11. Quantitative and Qualitative Disclosures About Market Risk](index=105&type=section&id=Item%2011.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Highlights significant customer and credit concentration risks, interest rate exposure from bank loans, minimal foreign currency risk due to HKD-USD peg, and geographical concentration in Hong Kong - Significant customer concentration risk exists, with **two customers accounting for 61.5% and 23.5% of total revenue** in fiscal year 2025[634](index=634&type=chunk) - As of March 31, 2025, **two customers accounted for 64.5% and 12.3% of contracts receivable**, and **two customers accounted for 51.6% and 44.9% of contract assets**, highlighting credit concentration[635](index=635&type=chunk)[636](index=636&type=chunk) - The company is exposed to **interest rate risk on its bank loans and balances**, lacking an interest rate hedging policy[476](index=476&type=chunk)[640](index=640&type=chunk) - Foreign currency risk is minimal due to primary exposure to the U.S. dollar and the **Hong Kong dollar's peg to the USD**[477](index=477&type=chunk)[641](index=641&type=chunk) [Part II - Compliance and Controls](index=108&type=section&id=Part%20II) Covers internal controls, governance, and compliance, including acknowledged material weaknesses, audit committee expertise, a change in certifying accountant, and cybersecurity risk management - Identified **inadequacies in internal control over financial reporting** as of March 31, 2025, including poor segregation of duties and a lack of U.S. GAAP-trained personnel[652](index=652&type=chunk)[653](index=653&type=chunk) - Mr. Ho Tung Armen HO is identified as the **'audit committee financial expert'** on the board of directors[657](index=657&type=chunk) - Effective June 23, 2025, **WWC, P.C. was dismissed** as the independent registered public accounting firm, and **Enrome LLP was appointed** as the successor auditor[665](index=665&type=chunk) - Implemented a **cybersecurity policy and risk management process**, overseen by the associate director of business strategy and innovation technology, to identify, assess, and manage threats[673](index=673&type=chunk)[675](index=675&type=chunk)[676](index=676&type=chunk) [Part III - Financial Statements and Exhibits](index=112&type=section&id=Part%20III) [Item 18. Financial Statements](index=112&type=section&id=Item%2018.%20Financial%20Statements) Presents audited consolidated financial statements for FY2023-2025, prepared under U.S. GAAP, including balance sheets, income statements, cash flows, and notes on accounting policies and risk exposures Consolidated Balance Sheet Summary (As of March 31, 2025) | Account | Amount (HK$) | Amount (US$) | | :--- | :--- | :--- | | **Total Assets** | **333,819,187** | **42,907,901** | | Total Current Assets | 278,865,899 | 35,844,405 | | **Total Liabilities** | **176,434,734** | **22,678,277** | | Total Current Liabilities | 176,434,734 | 22,678,277 | | **Total Shareholders' Equity** | **157,384,453** | **20,229,624** | Consolidated Statement of Income Summary (For the Year Ended March 31, 2025) | Account | Amount (HK$) | Amount (US$) | | :--- | :--- | :--- | | Total Revenue | 378,169,751 | 48,608,562 | | Gross Profit | 60,058,961 | 7,719,760 | | Income from Continuing Operation | 9,769,564 | 1,255,744 | | **Net Income** | **2,440,540** | **313,698** | | **EPS (Basic and Diluted)** | **0.13** | **0.02** | Consolidated Statement of Cash Flows Summary (For the Year Ended March 31, 2025) | Account | Amount (HK$) | Amount (US$) | | :--- | :--- | :--- | | Net cash used in operating activities | (62,354,617) | (8,014,834) | | Net cash used in investing activities | (8,749,679) | (1,124,652) | | Net cash provided by financing activities | 91,876,929 | 11,809,525 | | **Net increase in cash** | **20,772,633** | **2,670,039** | - Revenue recognition for primary services (construction management, engineering design, asset management, and consultancy) is based on the **percentage-of-completion method**, using contract costs incurred relative to total estimated costs[391](index=391&type=chunk)[402](index=402&type=chunk)[744](index=744&type=chunk)

Core Insights - Reitar Logtech has established Pine Forest Holdings to create a vertically integrated food supply chain, enhancing its smart agriculture ecosystem [1][2][3] Group 1: Subsidiary and Supply Chain Integration - Pine Forest Holdings will integrate approximately 1,333 hectares (20,000 mu) across eight agricultural bases in mainland China, supplying a variety of products directly to Hong Kong markets [2] - The subsidiary aims to build an efficient and transparent smart agriculture ecosystem through strategic partnerships with local markets [2] Group 2: Cold Chain and Food Safety - Reitar Logtech's automated cold chain warehouse in Kwai Chung, exceeding 200,000 square feet, will centralize cold storage and distribution, ensuring food safety and freshness [3] - The company is expanding its prepared food and processing operations to diversify local food supply [3] Group 3: Technological Innovations - Reitar Logtech has launched a digital asset reserve strategy totaling up to USD 1.5 billion, introducing RBTC and RHKD as key payment tools within the supply chain [4] - The integration of blockchain technology will enhance transparency and food safety through comprehensive data recording from origin to sales [7] Group 4: Industrial Synergy and Market Position - Pine Forest Holdings will pursue industrial synergy by acquiring high-quality food sources and logistics companies, improving food circulation efficiency and market responsiveness [5] - This strategy aims to consolidate Reitar Logtech's industry-leading position in the food supply chain [5] Group 5: Future Expansion Plans - Pine Forest Holdings plans to replicate its successful model in Southeast Asia, promoting digitalization and modernization of food circulation in the Greater Bay Area [6] - The initiative aims to provide consumers with safer and more efficient food choices [6] Group 6: Overall Vision - Reitar Logtech and Pine Forest Holdings are committed to driving upgrades in smart agriculture and food supply chains through technological innovation and collaboration [8]

Core Viewpoint - Reitar Logtech Holdings Limited and Rich Harvest Agricultural Produce Limited have signed a strategic MOU to develop a "Blockchain + Stablecoin + Smart Cold Chain" ecosystem for agricultural supply chains, aiming to enhance efficiency and traceability in cross-border agriculture [1][3]. Group 1: Collaboration Overview - The collaboration will integrate a blockchain-based traceability system with automated cold chain infrastructure, leveraging Rich Harvest's existing farming operations and Reitar's technological expertise [2][4]. - Rich Harvest operates eight farming bases across China, covering over 1,333 hectares (20,000 mu), and has established a "farm-to-table" traceability system using barcode and RFID tracking [2][5]. Group 2: Strategic Framework - The MOU outlines three key collaboration areas: blockchain traceability system development, digital payment integration, and smart cold chain integration [3][4]. - The collaboration will be executed in phases, with a focus on innovation in smart logistics and enhancing agricultural supply chain solutions for the Greater Bay Area and global markets [3][6]. Group 3: Implementation Plan - Phase 1, targeted for Q4 2025, involves launching a pilot project to export approximately 30 tons of fresh food daily from Rich Harvest's Guizhou farm to Hong Kong, utilizing IoT sensors and Reitar's cold storage facilities [4]. - Phase 2, targeted for Q1 2026, aims to onboard Hong Kong supermarkets to the digital payment system and retrofit cold chain fleets with blockchain temperature control [4]. Group 4: Company Background - Rich Harvest, founded in 2006, is a vertically integrated agriculture enterprise supplying fresh produce to Hong Kong, Macau, and mainland China, operating under a "Company + Farmers" model [5]. - Reitar Logtech, listed on NASDAQ in 2024, focuses on "Property + Logistics Technology" and aims to enhance logistics asset management and technology application for improved operational efficiency [6].

Core Viewpoint - Reitar Logtech Holdings Limited is initiating a spin-off of its logistics automation segment to enhance growth potential and shareholder value, following its acquisition of Jingxing Storage Equipment Engineering [1][2] Group 1: Spin-off Strategy - The spin-off aims to create an independent entity focused on smart warehousing and integrated logistics automation solutions, allowing for greater operational flexibility and innovation [2][3] - This strategic move is expected to attract partnerships and investments, reinforcing Reitar's leadership in the smart logistics industry [3] Group 2: MIS Strategy - Reitar is committed to its "MIS" strategy, which includes Mergers & Acquisitions, Integration, and Spin-offs, to strengthen core operations and maximize capital efficiency [4] - The company plans to continue pursuing acquisitions to integrate resources and develop comprehensive end-to-end solutions within the smart logistics ecosystem [3][4] Group 3: Company Overview - Reitar Logtech, listed on Nasdaq in 2024, specializes in integrated Property-Logistics Technology solutions, focusing on the full lifecycle management of logistics assets [5] - The company utilizes technology to enhance operational efficiency and economic returns, integrating smart warehouse systems and data analytics platforms [5]