Praise Marble Faces Liquidation Proceedings as Geotech Holdings Subsidiary

Reuters

Jan 30

Praise Marble Faces Liquidation Proceedings as Geotech Holdings Subsidiary

Geotech Holdings Ltd. announced that a liquidation application has been presented against its subsidiary, Praise Marble, a holding company incorporated in the British Virgin Islands. Praise Marble owns 100% equity interests in certain Hong Kong subsidiaries, including Geotech Engineering Limited and GeoResources Limited. Praise Marble itself does not conduct operations and functions solely as a holding company. During the year ended 31 December 2024, subsidiaries under Praise Marble contributed approximately HK$61.1 million in revenue, accounting for about 75.9% of the Group’s total, and incurred a loss of approximately HK$10.9 million, or 69.2% of the Group’s total loss. For the six months ended 30 June 2025, these subsidiaries contributed approximately HK$51.4 million in revenue, representing about 84.5% of the Group’s total revenue.

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. Geotech Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260130-12005375), on January 29, 2026, and is solely responsible for the information contained therein.

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