The Cross-Harbour (Holdings) Limited – Supplemental Announcement on Disposal of Limited Partnership Interests
The Cross-Harbour (Holdings) Limited Issues Supplemental Announcement on Disposal of Limited Partnership Interests
Key Highlights from the Supplemental Announcement
- Transaction: The Cross-Harbour (Holdings) Limited (“the Company”) has released additional information regarding its previously announced disposal of limited partnership interests, originally disclosed on 16 April 2026.
- Financial Performance of the Partnership:
- For the year ended 31 December 2024, both audited net profit before and after taxation of the Partnership were US\$390,736,763 (approximately HK\$3,047,747,000).
- For the year ended 31 December 2025, both audited net profit before and after taxation of the Partnership were US\$591,749,396 (approximately HK\$4,615,645,000).
- FX Assumption: All US dollar amounts have been translated into Hong Kong dollars at a rate of US\$1 = HK\$7.8, strictly for illustration purposes. There is no assurance that these exchange rates reflect actual or future conversion rates.
Implications for Shareholders and Investors
- Price Sensitivity: The disclosed audited net profits of the partnership for 2024 and 2025 are substantial, indicating the significant value of the asset being disposed of. The strong profit figures may have implications for the Company’s future earnings profile following the disposal.
- Potential Impact on Share Value: Given the magnitude of profits generated by the partnership, the disposal could be material to the Company’s financial position and future profitability. This transaction may directly impact the Company’s net asset value and future income streams, which could in turn affect the share price.
- Unchanged Information: Apart from the additional financial details of the partnership, all other aspects of the transaction remain unchanged as previously announced.
Corporate Governance
- The announcement is issued by the Board, comprising several executive and independent non-executive directors, underlining the Company’s adherence to transparency and corporate disclosure standards.
Summary
The supplemental disclosure provides crucial financial data regarding the partnership whose interests are being disposed of, revealing strong profitability in the last two fiscal years. This information is highly relevant for investors as it sheds light on the scale and profitability of the asset being sold, which could have a material impact on The Cross-Harbour (Holdings) Limited’s future earnings and potentially its share price.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should refer to official company filings and consult with financial advisors before making any investment decisions. The exchange rate used for currency conversions is for illustration only and may not reflect actual or future rates.
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