HKC INT'L HOLD Subsidiary Withdraws Surrender Value from Life Insurance Policy

Stock News

Jan 09

HKC International Holdings Limited (00248) announced that its indirectly wholly-owned subsidiary, Hong Kong Communications Limited, withdrew the surrender value from a life insurance policy on January 6, 2026. The surrender value was determined to be HK$6.585 million on January 8, 2026, and the full amount has been collected. The Board of Directors believes that withdrawing the life insurance policy's surrender value provides the Group with an opportunity to reduce a portion of its bank borrowings, lower its gearing ratio and related interest expenses, and increase its working capital. The Directors are of the view that the terms of the withdrawal are fair and reasonable, and in the overall interests of the Company and its shareholders.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1101705200"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1101705200\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1101705200?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-09 18:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1101705200","market":"us","top_or_hot":-1,"title":"HKC INT'L HOLD Subsidiary Withdraws Surrender Value from Life Insurance Policy","media":"Stock News","content":"<p>HKC International Holdings Limited (00248) announced that its indirectly wholly-owned subsidiary, Hong Kong Communications Limited, withdrew the surrender value from a life insurance policy on January 6, 2026.\nThe surrender value was determined to be HK$6.585 million on January 8, 2026, and the full amount has been collected.\nThe Board of Directors believes that withdrawing the life insurance policy's surrender value provides the Group with an opportunity to reduce a portion of its bank borrowings, lower its gearing ratio and related interest expenses, and increase its working capital.\nThe Directors are of the view that the terms of the withdrawal are fair and reasonable, and in the overall interests of the Company and its shareholders.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HKC INT'L HOLD Subsidiary Withdraws Surrender Value from Life Insurance Policy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHKC INT'L HOLD Subsidiary Withdraws Surrender Value from Life Insurance Policy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-01-09 18:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HKC International Holdings Limited (00248) announced that its indirectly wholly-owned subsidiary, Hong Kong Communications Limited, withdrew the surrender value from a life insurance policy on January 6, 2026.\nThe surrender value was determined to be HK$6.585 million on January 8, 2026, and the full amount has been collected.\nThe Board of Directors believes that withdrawing the life insurance policy's surrender value provides the Group with an opportunity to reduce a portion of its bank borrowings, lower its gearing ratio and related interest expenses, and increase its working capital.\nThe Directors are of the view that the terms of the withdrawal are fair and reasonable, and in the overall interests of the Company and its shareholders.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00248","symbol_name":"香港通讯国际控股","start_time":0,"source_url":"","article_id":"1101705200","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101705200","pubTimestamp":1767954810,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"HKC International Holdings Limited (00248) announced that its indirectly wholly-owned subsidiary, Hong Kong Communications Limited, withdrew the surrender value from a life insurance policy on...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00248":"香港通讯国际控股","BK1094":"电脑与电子产品零售"},"translate_title":"HKC INT'L HOLD附属公司从人寿保险保单中提取退保价值","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00248":1},"content_text":"HKC International Holdings Limited (00248) announced that its indirectly wholly-owned subsidiary, Hong Kong Communications Limited, withdrew the surrender value from a life insurance policy on January 6, 2026.\nThe surrender value was determined to be HK$6.585 million on January 8, 2026, and the full amount has been collected.\nThe Board of Directors believes that withdrawing the life insurance policy's surrender value provides the Group with an opportunity to reduce a portion of its bank borrowings, lower its gearing ratio and related interest expenses, and increase its working capital.\nThe Directors are of the view that the terms of the withdrawal are fair and reasonable, and in the overall interests of the Company and its shareholders.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}