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PAN ASIA DATA H: 2024 ANNUAL REPORT
Express News | Pan Asia Data - FY Revenue From Continuing Operations HK$168.8 Mln
PAN ASIA DATA H: ANNOUNCEMENT OF AUDITED RESULTSFOR THE YEAR ENDED 31 DECEMBER 2024
Pan Asia Data to Sell Loss-Making Subsidiary
PAN ASIA DATA H (01561.HK) sells a subsidiary.
On March 27, Glonghui announced that PAN ASIA DATA H (01561.HK) entered into a sales agreement with the buyer Timenew Limited on March 27, 2025, whereby the company conditionally agreed to sell, and the buyer conditionally agreed to purchase the shares equivalent to the entire issued share capital of the target company Pan Asia Data (BVI) Inc, for a price of 1 Hong Kong dollar. Upon completion, the company will no longer hold any issued share capital of the target company, and the target company will no longer be a subsidiary of the company. Therefore, the financial performance of the target group will no longer be consolidated.
Pan Asia Data Expects HK$279 Million Loss for 2024 on Big Data Weakness
Risks Still Elevated At These Prices As Pan Asia Data Holdings Inc. (HKG:1561) Shares Dive 34%