IN BRIEF: Jade Road Investment 2023 net loss narrows, seeks acquisition
28th Jun 2024 22:04
Jade Road Investments Ltd - Hong Kong based investment company - Net asset value falls to USD50,000 in 2023 from USD15.1 million last year. Saw net profit loss of USD17.7 million narrow from USD52.9 million last year. On December 31, 2023 had total cash of USD80,000, down 73% from USD300,000 in 2022. Disposes legacy Asian assets as they gained minimal benefit from Jade Road's low share price. Company is currently looking to make an acquisition through a reverse takeover. Will need to raise interim capital by end of August to conduct RTO. Read More