ENM HOLDINGS (00128) announced an update regarding the board's resolution to appoint professional advisors for evaluating the financial feasibility and potential impact of strategic options for the Henderland site. Following the announcement, the company engaged a licensed financial advisor registered under the Securities and Futures Ordinance, authorized for Type 4 (securities advisory), Type 6 (corporate finance advisory), and Type 9 (asset management) regulated activities.

The advisor submitted a report analyzing the financial viability and implications of available strategies. Based on current assessments, the advisor noted that independent development of the Henderland site by the company would face significant challenges in achieving positive commercial outcomes, given the group's limited financial resources and property development capabilities.

While exploring external funding partnerships remains a theoretical option, uncertainties and execution hurdles exist, including identifying qualified and credible development partners with sufficient expertise and financial strength. Negotiations over land valuation and profit-sharing terms may also prolong the process, with no guarantee of commercially favorable agreements for the company.

As an alternative, the advisor recommended evaluating the potential sale of the Henderland site, which could offer a shorter path to realizing shareholder value with higher execution feasibility. The company is currently reviewing these recommendations to determine the optimal strategy for maximizing shareholder value.

As of the announcement date, no final decision has been made, and the land exchange application for the Henderland site remains under processing.