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Global uin (08496.HK) intends to introduce investment to increase capital in Anhui Qiutian.
Gelonghui December 3rd | Global uin (08496.HK) announced that on December 3, 2024, the investor anhui Akita and Akita Express Drinks entered into a capital increase agreement, which is related to the investor anhui Akita's capital increase. According to the capital increase agreement, the investor plans to invest a total of RMB 15 million in anhui Akita, of which HKD 0.6 million (converted into RMB at the exchange rate on the investment date) will be included in anhui Akita's registered capital, while the remaining amount (i.e. RMB 15 million minus HKD 0.6 million (converted into RMB at the exchange rate)) will be included in the capital reserve. After the capital increase is completed, anhui Akita's registered
Express News | Global Uin Intelligence - Total Investment Proposed to Be Invested by Dangtu Jinfu Industrial Fund Partnership Enterprise in Anhui Qiutian RMB15 Mln
GLOBAL UIN: ANNUAL REPORT 2023/2024
global uin (08496.HK): The shareholders' annual attributable net loss is approximately 2.2 million Singapore dollars.
On October 2, GlocoTimes reported that Global UIN (08496.HK) announced that for the fiscal year ended June 30, 2024, the total income generated by the group in the current fiscal year is approximately 6.7 million Singapore dollars, a decrease of about 39.9% from approximately 11.2 million Singapore dollars for the fiscal year ended June 30, 2023. The main reason for the decrease is the consideration that the increasing rent will greatly increase the group's operating costs in Singapore. The group has decided not to renew the expired leases of the related stores, resulting in a reduction in the number of bakeries and restaurants. The reduction in the number of bakeries and restaurants has had a greater impact than the operational intelligence established in China this fiscal year.
GLOBAL UIN: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2024
Soochow Securities: The food and beverage sector is in a stage of low-to-medium-speed transformation, and the rebound of the sector is waiting for the clearance of the business performance risk of listed companies or the reversal of demand expectations.
The current valuation of the food and beverage sector is relatively low, primarily due to concerns about future cash flow and profit downgrades. Short-term market pessimism has had an impact on the sector, and the sector's rebound is awaiting clarification of listed company performance risks, or a reversal of demand expectations, the latter depending on proactive fiscal and monetary policies at the macro level or verification of seasonal sales at the middle level.
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