TECHSTARACQ-Z (07855) Reports Interim Results with Loss of HK$59.535 Million, Widening 21.8% Year-on-Year
Stock News
Aug 22
TECHSTARACQ-Z (07855) announced its interim results for the six months ended June 30, 2025. The company recorded no revenue during the period and reported a loss of HK$59.535 million, representing a 21.8% increase compared to the same period last year. Basic loss per share was HK$2.381.
According to the announcement, the company did not enter into any revenue-generating transactions during the reporting period. The total loss and comprehensive loss of approximately HK$59.5 million during the reporting period was primarily attributable to equity-settled share-based payment expenses related to Class B shares and founder warrants conversion rights following the completion of the special purpose acquisition company merger transaction.
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