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.
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