The Zhitong Finance App learned that China Child Care Network (01736) once fell nearly 40% intraday, hitting a new low of HK$0.073 in listing. At press time, it decreased by 28.1% to HK$0.087, with a turnover of HK$2,103,500.
According to the news, China Child Care Network recently announced that the group has defaulted on repayment of outstanding liabilities of about HK$27 million. Among them, on August 21, 2023, the company received a legal request dated August 21, 2023 from the legal adviser acting on behalf of Diligent Ally Private Limited (Subscriber), dated August 21, 2023, requesting the company to pay HK$2,333 million.
In addition, the company released its 2023 interim results, with total revenue of about RMB 238.13 million (RMB, same below), a year-on-year decrease of about 29.2%; losses due to owners of the company were 8.359 million yuan, an increase of 42.69% over the previous year. The decline in revenue was mainly affected by the economic environment, and there was a decline in advertising and promotion business.