PROSP INV HOLD: Subsidiary Easy Ace undergoes voluntary liquidation with solvency

AASTOCKS
2025.09.08 01:18

PROSP INV HOLD (00310.HK) announced that last Friday (5th), its indirect wholly-owned subsidiary Easy Ace's board of directors resolved to voluntarily liquidate Easy Ace due to solvency issues. The only asset of Easy Ace is a 14.7% equity investment in Kangzhan Investment, while the only investment of Kangzhan Investment is a 54.0% beneficial equity stake in a Chinese entity.

After the proposed liquidation begins, Easy Ace will no longer be a subsidiary of the company, and its financial condition and performance will no longer be consolidated into the group's financial condition and performance.

The company's shares have been suspended from trading on the Hong Kong Stock Exchange since April 2, 2024, and will continue to be suspended pending further notice

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