share_log

山高金融(00412.HK):亚租所交易场所业务资格被取消

Mountain High Finance (00412.HK): the business qualification of the trading place of the sub-rental office is cancelled.

Gelonghui Finance ·  Jul 24, 2022 18:10

Gelonghui July 24th (00412.HK) announcementShenzhen Asia-Pacific Leasing assets Trading Center Co., Ltd., a subsidiary of which the company indirectly holds a 50% stake, received a notice from Shenzhen Qianhai Local Financial Supervision Bureau on July 20, 2022. According to the unified arrangement of the national inter-ministerial joint meeting on the clean-up and rectification of all kinds of trading venues, the notice canceled the business qualification of the trading place of the sub-rental office. And require the sub-rental office to stop the related business of the trading place, change the company name and business scope and so on. Upon receipt of the notice, Asia Rent Office has ceased to operate its asset trading platform business.

The sub-rental office is mainly engaged in the business of providing asset trading platform, and its performance is classified as a licensed business segment. As at the date of the announcement, the carrying value of the licence related to the asset trading platform of the Asia Rent House was approximately HK $402 million. The carrying amount of the licence of the sub-rental office is expected to be cancelled, subject to further discussion between the company and the company auditor. For the year ended December 31, 2021, the income from sub-rental offices was about HK $18.9 million, accounting for about 1.77% of the Group's total revenue.

Therefore, the Board is of the view that the contribution from ARS for the year ended 31 December 2021 is not significant and that the cessation of its asset trading platform business will not have any material adverse impact on the financial and operating conditions of the Group. Based on the adjustment of development strategy, the Group is steadily promoting the transformation from a financial investment group to an industrial investment group.

The Group will concentrate resources on developing other core businesses, deeply explore investment opportunities around new energy, new technology, new consumption and other emerging industries, continue to increase the proportion of industrial investment, and strive to take a healthy, sustainable and quality development path.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment