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Discontinued operation
12 Months Ended
Dec. 31, 2025
Discontinued operation  
Discontinued operation

3. Discontinued operation

 

Effective from June 12, 2024, the Company disposed of its entire ownership interest in relevant subsidiaries and the VIE, which engaged in the provision of microfinance business, to a third party.

 

The carrying amount of assets and liabilities as at the date of disposal were:

 

 

 

As at June

12, 2024

 

Cash, cash equivalents and restricted cash

 

 

167

 

Loans receivable, net of credit impairment losses

 

 

193,682

 

Prepaid expenses

 

 

17,766

 

Property, plant and equipment

 

 

36,325

 

Intangible asset

 

 

4

 

Total assets

 

 

247,944

 

 

 

 

 

 

Loans payable

 

 

161,439

 

Salary and benefit payable

 

 

11,628

 

Income taxes payable

 

 

32,477

 

Interest payable

 

 

90,898

 

Other payable

 

 

26,000

 

Total current liabilities

 

 

322,442

 

 

 

 

 

 

Net assets

 

 

(74,498 )

Attributable to:

 

 

 

 

Equity holders of the Company

 

 

(59,598 )

Non-controlling interests

 

 

(14,900 )

 

 

 

(74,498 )