South China Financial Holdings Limited (00619) announced the disposal of 81.88 million shares in i-CABLE Communications Limited (01097) between 29 December 2025 and 23 February 2026. This disposal represents approximately 1.15% of i-CABLE Communications’ total issued shares, with the transaction’s aggregate consideration amounting to HK$6.81 million (exclusive of costs). The average selling price per share was HK$0.083.

The announcement states that the disposal enhances liquidity for South China Financial Holdings Limited and the proceeds are intended for general working capital needs. According to the company’s figures, the carrying amounts of the disposed shares were approximately HK$0.75 million at 31 December 2024 and HK$6.42 million at 31 December 2025. The company anticipates recording a gain of about HK$2.15 million for the year ended 31 December 2025 and a loss of around HK$2.51 million for the year ending 31 December 2026.

i-CABLE Communications is principally engaged in television subscription and domestic free television programme services. Publicly available records indicate revenue from continuing operations of HK$584.00 million and HK$597.00 million in the years ended 31 December 2024 and 31 December 2023, respectively. Net losses for those years amounted to HK$553.00 million and HK$589.00 million, with net assets of -HK$1.88 billion and -HK$1.33 billion.

Because the relevant percentage ratios exceed 5% but are under 25%, the disposal is classified as a discloseable transaction under Chapter 14 of the Listing Rules.