Kontafarma China Warns of Potential Winding Up of Associate True Concept Amid Financial Difficulties

Reuters

2025/09/30

Kontafarma China Warns of Potential Winding Up of Associate True Concept Amid Financial Difficulties

**Kontafarma China Holdings Ltd. Announces Possible Winding Up of Associate Due to Accounting Impairments** Kontafarma China Holdings Ltd. announced on September 30, 2025, that its associate, True Concept Ltd.-a Taiwanese fitness center operator in which Kontafarma holds a 29% indirect stake-faces possible winding-up proceedings. This follows severe operational and financial difficulties that have led to the recognition of impairment losses in Kontafarma's recent interim results. True Concept has been unable to recover from the industry downturn caused by the COVID-19 pandemic and economic recession, resulting in the decision to cease operations of its fitness centers from October 1, 2025. Kontafarma stated that the group's overall financial position is not expected to be materially adversely affected, but it will continue to closely monitor the situation and provide further updates as necessary.

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. Kontafarma China Holdings Ltd. published the original content used to generate this news brief on September 30, 2025, and is solely responsible for the information contained therein.

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Announces Possible Winding Up of Associate Due to Accounting Impairments** Kontafarma China Holdings Ltd. announced on September 30, 2025, that its associate, True Concept Ltd.-a Taiwanese fitness center operator in which Kontafarma holds a 29% indirect stake-faces possible winding-up proceedings. This follows severe operational and financial difficulties that have led to the recognition of impairment losses in Kontafarma's recent interim results. True Concept has been unable to recover from the industry downturn caused by the COVID-19 pandemic and economic recession, resulting in the decision to cease operations of its fitness centers from October 1, 2025. 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Announces Possible Winding Up of Associate Due to Accounting Impairments** Kontafarma China Holdings Ltd. announced on September 30, 2025, that its associate, True Concept Ltd.-a Taiwanese fitness center operator in which Kontafarma holds a 29% indirect stake-faces possible winding-up proceedings. This follows severe operational and financial difficulties that have led to the recognition of impairment losses in Kontafarma's recent interim results. True Concept has been unable to recover from the industry downturn caused by the COVID-19 pandemic and economic recession, resulting in the decision to cease operations of its fitness centers from October 1, 2025. 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Kontafarma China Holdings Ltd. published the original content used to generate this news brief on September 30, 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":"01312","symbol_name":"華控康泰","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250930:nNDL37VM4Y:1","article_id":"2571258153","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2571258153","pubTimestamp":1759239746,"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":"**Kontafarma China Holdings Ltd. Announces Possible Winding Up of Associate Due to Accounting Impairments** Kontafarma China Holdings Ltd. announced on September 30, 2025, that its associate, True Concept Ltd.-a Taiwanese fitness center operator in which Kontafarma holds a 29% indirect stake-faces possible winding-up proceedings. This follows severe operational and financial difficulties that have led to the recognition of impairment losses in Kontafarma's recent interim results. True Concept has been unable to recover from the industry downturn caused by the COVID-19 pandemic and economic recession, resulting in the decision to cease operations of its fitness centers from October 1, 2025. 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Announces Possible Winding Up of Associate Due to Accounting Impairments** Kontafarma China Holdings Ltd. announced on September 30, 2025, that its associate, True Concept Ltd.-a Taiwanese fitness center operator in which Kontafarma holds a 29% indirect stake-faces possible winding-up proceedings. This follows severe operational and financial difficulties that have led to the recognition of impairment losses in Kontafarma's recent interim results. True Concept has been unable to recover from the industry downturn caused by the COVID-19 pandemic and economic recession, resulting in the decision to cease operations of its fitness centers from October 1, 2025. Kontafarma stated that the group's overall financial position is not expected to be materially adversely affected, but it will continue to closely monitor the situation and provide further updates as necessary.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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