FUJIX Ltd.
Notice on Dissolution and liquidation of a consolidated subsidiary
Decision to commence dissolution and liquidation procedures for consolidated subsidiary FujiX International (Hong Kong) Limited. Liquidation expected upon completion of local procedures. Impact scope is under review for the consolidated results.
Key Figures
- Net assets: 4,488 thousand HK$(fiscal year ending December 2023)
- Total assets: 5,160 thousand HK$(fiscal year ending December 2023)
- Revenue: 9,098 thousand HK$(fiscal year ending December 2023)
AI要約
Purpose and background of dissolution and liquidation
At today's board meeting, we decided to commence the dissolution and liquidation procedures for our consolidated subsidiary FujiX International (Hong Kong) Limited. This will be implemented as part of measures to review production and sales structure in the Asia region and optimize management resources to restore group performance.
Subsidiary overview and financial position
FujiX International (Hong Kong) Limited is based in Hong Kong and engages in the sale of sewing threads and embroidery threads. Its capital is 3,500 HK$ thousand, and it is a wholly owned subsidiary of the company. In the past three years, revenue has trended downward and net assets have declined.
FUJIX Ltd.
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