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Winding-Up Against China Sinostar Group to Be Withdrawn After Settlement
Chinasinostar (00485.HK) annual revenue is about HKD 31.917 million, a year-on-year increase of about 34%.
China Sinostar (00485.HK) announced on June 28th that the Group's revenue is approximately 31.917 million Hong Kong dollars, an increase of about 34% year-on-year, for the fiscal year ending March 31, 2024. The group recorded a loss of approximately HK$18.589 million within the year, a decrease of about 64% compared to HK$51.21 million for the fiscal year ending March 31, 2023. Loss per share was 8.73 Hong Kong cents. The group has re-allocated its resources and restructured its asset portfolio in past years to expand its business scope in property development and related services. As of March 31, 2024.
CHINASINOSTAR: ANNUAL RESULTSFOR THE YEAR ENDED 31 MARCH 2024
Chinasinostar (00485.HK): Liquidation application withdrawn.
On June 28th, Gelunhui reported that chinasinostar (00485.HK) rejected a liquidation request by maintaining active communication with the applicant. On June 28th, 2024, the applicant has reached an agreement with a third party and transferred bonds B to the third party ("new holder"), who is independent of the company and its affiliates and has no relationship with them. The company has reached a provisional agreement with the new holder to extend the maturity date of bond B to September 30, 2024. As of the date of this announcement, the applicant is no longer the holder of bond B.
Chinasinostar (00485.HK) plans to hold a board of directors meeting on June 28 to approve the annual performance.
Chinasinostar (00485.HK) announced on June 17th that it will hold a board meeting on Friday, June 28th, 2024 to approve the annual results of the company and its subsidiaries for the fiscal year ended on March 31st, 2024.
China Sinostar Group Faces Winding-Up Petition in Hong Kong
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