Financial Position - As of September 30, 2024, the company's cash and bank balances were approximately HKD 6.8 million, down from HKD 10.1 million as of March 31, 2024[3] - The company's borrowings were approximately HKD 106.9 million as of September 30, 2024, a decrease from HKD 186.9 million as of March 31, 2024[3] - The net current liabilities recorded as of September 30, 2024, were approximately HKD 66.8 million, compared to HKD 140.8 million as of March 31, 2024[3] - The net asset value was approximately HKD 114.2 million as of September 30, 2024, an increase from HKD 40.5 million as of March 31, 2024[3] Liquidation and Financial Support - The company believes that the ongoing liquidation petition, involving claims of approximately HKD 3 million, will not have a significant impact on its operations[6] - The main shareholder, holding approximately 10.3% of the issued shares, has committed to providing financial support[6] - The company is in continuous discussions with several creditors regarding debt capitalization to strengthen its financial position[6] - The company plans to apply for a validation order from the Hong Kong High Court by the end of January 2025[6] - The company cannot guarantee that the Hong Kong High Court will issue the validation order or that any application will be successful[10] - The company will issue further announcements if there are any significant developments regarding the liquidation petition[10]
复兴亚洲(00274) - 2024 - 中期业绩