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Home Control International Alters IPO Proceeds Allocation
Four days after the "National Subsidy" was implemented in 2025, there was an explosion in online Orders for Consumer Electronics, while offline Dealers increased efforts to expand discount ranges. | Frontline
① Four days after the national subsidies were implemented, sales of Consumer Electronics products such as mobile phones and wristbands on major e-commerce platforms increased by over 200%. ② Industry insiders believe that the boost in mobile phone sales will drive growth in upstream supply chain Orders.
HOME CONTROL (01747.HK) expects that the subscribed financial principal-protected products may generate an annual accounting provision of approximately 25.24 million Hong Kong dollars.
Glory Exchange stated on December 13 that HOME CONTROL (01747.HK) announced that the financial products purchased by the company may result in an accounting provision of approximately HKD 25,240,000 for the year ending December 31, 2024. The company first subscribed to investment products on November 13, 2019, with an amount of HKD 38,000,000. The company partially redeemed investment products in September and October 2022, while the unredeemed principal of the investment products is HKD 25,240,000. The investment products were recently updated in May 2024.
Home Control Faces Uncertainty With Investment Provision
Express News | Home Control International - Accounting Provision Arising From Co's Subscription in Treasury Management Principal Protected Product
Express News | Home Control International Sees Accounting Provision of HK$25.2 Mln for FY
Risks Still Elevated At These Prices As Home Control International Limited (HKG:1747) Shares Dive 28%
