Zhitong Financial App News, VISION DEAL-Z (07827) released interim results for the period from January 20, 2022 (date of registration) to June 30, 2022, and the company did not conduct any profitable transactions. The total losses and overall losses during the period were approximately HK $96.9 million, mainly due to listing expenses, amortization of transaction costs of redeemable Class A shares and changes in the fair value of warrants liabilities. The basic loss per share is HK $4.423.

The company's non-current assets as at 30 June 2022 were approximately HK $1.001 billion, all attributable to the proceeds received from the sale held in the escrow account. The company's current assets as at 30 June 2022 were approximately HK $12 million, including cash and cash equivalents of approximately HK $11.9 million.

Since January 20, 2022 (the date of its incorporation), the company has not carried out any business or generated any revenue. All activities since the date of incorporation are related to the establishment and listing of the company. The company is expected to generate any operating income at the earliest until the completion of the merger and acquisition of the special purpose company. The company will generate non-operating income in the form of interest income from cash and cash equivalents from the proceeds from the sale.

The company is a special purpose acquisition company formed for the purpose of merging with one or more businesses. During the relevant period and as at the date of this announcement, the Company has not selected any specific special purpose acquisition company M & A target, and the Company has not and no person has conducted any substantive discussion with any special purpose acquisition company M & A target on behalf of the Company in relation to the special purpose acquisition company M & A transaction. In addition, as of the date of this announcement, the Company has not entered into any binding agreement for the acquisition of companies for potential special purposes. The company undertakes to issue an announcement of the acquisition of the company for special purpose and to complete the transaction within the relatively short period of time required by the listing rules, i.e. within 18 months and 30 months from the listing date respectively, and if the company fails to meet the relevant cut-off date, it will seek approval from shareholders and the Stock Exchange for the extension of these periods.