Alco Holdings Limited Addresses Disclaimer of Opinion on 2024 Financial Statements, Announces Cost-Control Measures and Fundraising Efforts

Reuters
06/12
Alco Holdings Limited Addresses Disclaimer of Opinion on 2024 Financial Statements, Announces Cost-Control Measures and Fundraising Efforts

Alco Holdings Limited has announced updates regarding a disclaimer of opinion related to its going concern status as outlined in its annual report for the year ended March 31, 2024. The company has disclosed plans to address these concerns, including restructuring bank and other borrowings, managing loans from shareholders, restructuring trade payables, and enhancing cash inflow from operations. As of June 12, 2025, Alco Holdings has been in active communication with creditors and is exploring fundraising opportunities. The company completed a share placement on November 20, 2024, raising approximately HK$65.2 million. Additionally, cost control measures are being implemented to address the financial issues.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alco Holdings Limited published the original content used to generate this news brief on June 12, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10