Gelonghui, April 18 | LET GROUP (01383.HK) announced that on April 18, 2024, Star, which has repaid its outstanding payments on Friday, will leave the remaining outstanding interest-free shareholder loans, totaling approximately US$31.2 million.
After further repayment and as of the date of this announcement, there were no outstanding shareholder loans due to Star General on FRIDAY. According to Hong Kong accounting standards, the Group is expected to record profit attributable to a joint venture, which means that losses due to further repayment have been made to confirm the joint venture company's share in previous years, but are subject to review.
The company is studying the feasibility of dissolving the 50% equity joint venture Friday, and the Group and AlphaEra will distribute any remaining assets equally after completing the relevant dissolution.
Trading of the company's shares has been suspended on the Stock Exchange since 9:00 a.m. on February 14, 2024, and will continue to be suspended until the company (i) complies with all the guidelines for resuming trading; (ii) remediates the issues that led to its suspension of trading; and (iii) fully complies with the listing rules to the satisfaction of the Stock Exchange.