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Green Energy Group Exits Money Lending Business by Disposing All Interest in Noble Ample
green energy gp (00979.HK) sells all shares of Zofu.
On November 18, Glonghui reported that the green energy gp (00979.HK) announced that on November 18, 2024, the company has sold all of its equity in Chiu Fook Limited (Chiu Fook, a company registered in Hong Kong that holds a money lender license under Hong Kong Ordinance Chapter 163), to a third party independent of the company and its related parties. The board of directors believes that the sale is a good opportunity for the group to transfer its resources from the money lending business to other more profitable business segments and/or new projects with higher growth potential. The board of directors also believes that the termination of the business will not affect the group's ...
Express News | Green Energy Group Ltd - Ceases to Carry on Money Lending Business in Hong Kong
Express News | Green Energy- Co Has Disposed of All Its Stake in Noble Ample
GREEN ENERGY GP: Annual Report 2023/24
green energy gp (00979.HK) annual continuous operation business revenue decreased by approximately 71 million Hong Kong dollars, a decrease of 11.3% year-on-year
On September 27, Green Energy Group (00979.HK) announced that in the 2024 financial year, the group's revenue from ongoing operations is approximately HK$71,000,000, a decrease of 11.3% compared to the 2023 financial year. The decrease in revenue mainly comes from the wind power business segment. In the 2024 financial year, the company's share of net loss is approximately HK$14,300,000 (2023 financial year: approximately HK$9,000,000), an annual increase of 58.9%. The increase in loss is mainly due to the decrease in revenue in the context of weakening demand for waste cooking oil.
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