Pan Asia Data to Sell Loss-Making Subsidiary

MT Newswires Live

Mar 28

Pan Asia Data Holdings (HKG:1561) agreed to sell its entire stake in subsidiary Pan Asia Data (BVI) to Timenew, according to a Thursday filing with the Hong Kong bourse.

The decision follows persistent financial losses and regulatory challenges faced by Pan Asia Data. The disposal aims to improve the company's financial position and reduce future liabilities.

Upon completion, the subsidiary will no longer be consolidated into Pan Asia Data's financial statements. Shareholders will vote on the transaction at an extraordinary general meeting, with a circular expected to be issued by April 22, the filing added.

The company expects to record an estimated gain of about HK$7.6 million from the disposal, according to the filing.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2522056142"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2522056142\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2522056142?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-28 10:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2522056142","market":"sg","top_or_hot":-1,"title":"Pan Asia Data to Sell Loss-Making Subsidiary","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/PAS.AU\">Pan Asia</a> Data Holdings (HKG:1561) agreed to sell its entire stake in subsidiary Pan Asia Data (BVI) to Timenew, according to a Thursday filing with the Hong Kong bourse.</p><p>The decision follows persistent financial losses and regulatory challenges faced by Pan Asia Data. The disposal aims to improve the company's financial position and reduce future liabilities.</p><p>Upon completion, the subsidiary will no longer be consolidated into Pan Asia Data's financial statements. Shareholders will vote on the transaction at an extraordinary general meeting, with a circular expected to be issued by April 22, the filing added.</p><p>The company expects to record an estimated gain of about HK$7.6 million from the disposal, according to the filing.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pan Asia Data to Sell Loss-Making Subsidiary</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPan Asia Data to Sell Loss-Making Subsidiary\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-28 10:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/PAS.AU\">Pan Asia</a> Data Holdings (HKG:1561) agreed to sell its entire stake in subsidiary Pan Asia Data (BVI) to Timenew, according to a Thursday filing with the Hong Kong bourse.</p><p>The decision follows persistent financial losses and regulatory challenges faced by Pan Asia Data. The disposal aims to improve the company's financial position and reduce future liabilities.</p><p>Upon completion, the subsidiary will no longer be consolidated into Pan Asia Data's financial statements. Shareholders will vote on the transaction at an extraordinary general meeting, with a circular expected to be issued by April 22, the filing added.</p><p>The company expects to record an estimated gain of about HK$7.6 million from the disposal, according to the filing.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01561","symbol_name":"联洋智能控股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2522056142","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522056142","pubTimestamp":1743128287,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Pan Asia Data Holdings  agreed to sell its entire stake in subsidiary Pan Asia Data  to Timenew, according to a Thursday filing with the Hong Kong bourse.The decision follows persistent financial losses and regulatory challenges faced by Pan Asia Data. The disposal aims to improve the company's financial position and reduce future liabilities.Upon completion, the subsidiary will no longer be consolidated into Pan Asia Data's financial statements. Shareholders will vote on the transaction at an extraordinary general meeting, with a circular expected to be issued by April 22, the filing added.The company expects to record an estimated gain of about HK$7.6 million from the disposal, according to the filing.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01561":"联洋智能控股"},"translate_title":"泛亚数据将出售亏损子公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01561":0.9},"content_text":"Pan Asia Data Holdings (HKG:1561) agreed to sell its entire stake in subsidiary Pan Asia Data (BVI) to Timenew, according to a Thursday filing with the Hong Kong bourse.The decision follows persistent financial losses and regulatory challenges faced by Pan Asia Data. The disposal aims to improve the company's financial position and reduce future liabilities.Upon completion, the subsidiary will no longer be consolidated into Pan Asia Data's financial statements. Shareholders will vote on the transaction at an extraordinary general meeting, with a circular expected to be issued by April 22, the filing added.The company expects to record an estimated gain of about HK$7.6 million from the disposal, according to the filing.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}