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.

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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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00328","symbol_name":"愛高集團","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250612:nNDLbl9BWF:1","article_id":"2542287510","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542287510","pubTimestamp":1749738075,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"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  using generative artificial intelligence. 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