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Public company info - Celebrate International Holdings Ltd. , 08212.HK
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Celebrate International Holdings Ltd., 08212.HK - Company Profile
Chairman Suen Yick Lun Philip
Share Issued (share) 1,534,000,000
Par Currency Hong Kong Dollar
Par Value 1.0E-4
Industry Other Financials
Corporate Profile Business Summary: The Company is an investment holding company. The principal activities of its subsidiaries are (i) money lending; (ii) health care services; (iii) logistics services; (iv) securities investment and trading; (v) property investment; and (vi) food and beverage trading. Performance for the year: The Group posted a consolidated revenue of approximately HK$19.4 million for FY 2019, representing a substantial decrease of approximately HK$22.0 million or 53.1% as compared to that of FY2018. The decrease in revenue was primarily attributable to the logistics services and interest income from money lending business. For FY2019, the Group’s gross profit margin had an increase from profit margin of 29.3% to gross profit margin of 59.3%. The increase in gross profit margin was primarily due to the gross profit margin generated from the securities trading. Business Review： Money Lending During the year, the money lending business was temporarily suspended for ten months after the commencement of liquidation of Grand Faith Finance Limited (“Grand Faith”). The Company has received certain status updates from the liquidator. Several progress meetings have been held accordingly. As at 30 June 2019, a total amount of approximately HK$22.73 million (including approximately HK$10.72 million cash in bank of Grand Faith) has been realised and transferred to the client’s liquidation account managed by the liquidator, and the total amount of dividend received from the client’s liquidation account was HK$8.0 million. Securities Investment and Trading For FY2019, the stock market was still unstable and fluctuant. Subsequent to the boom in the bullish trading of listed securities in April 2019, the stock market has not resumed its momentum, the management therefore took a more cautious approach on the investment. As a result, the Group managed to generate a turnover of approximately HK$94.1 million during FY2019 (For the financial year ended 30 June 2018 (“FY2018”): approximately 104.4 million) from securities trading. Logistic services The Group started participating in the logistic industry during the financial year ended 30 June 2017 (“FY2017”) through the acquisition of 100% equity interest in ACC Logistics Limited (“ACC”) at a consideration of HK$23.8 million, which was satisfied as follow: (i) HK$2.0 million in cash; and (ii) HK$21.8 million by the issue of a promissory note of the Company. ACC is engaged in the provision of general services in palletization, receiving and delivery, custom clearance for both the air and ocean cargoes, and warehousing. Property investment The property located at Beijing On 18 January 2018, the Company completed the acquisition of Ample Talent Holdings Limited (“Ample Talent”) for the consideration of HK$34.2 million, which shall be satisfied as follow: (i) HK$24.0 million by cash; and (ii) HK$10.2 million by cash within twelve months after completion. Ample Talent, through its whollyowned subsidiary, owns a residential property located at 48 Liangmaqiao Road, the Chaoyang District, Beijing (the “Beijing Property”). The property located at Hainan Reference is made to the Company’s announcement dated 14 September 2016, the Group acquired a residential property located in Hainan in the People’s Republic of China (the “PRC”) through (港飲港食餐飲管理（深圳）) (“港飲港食”) at the cash consideration of RMB8.5 million (equivalent to approximately HK$9,860,000). Food and Beverage Trading On 7 July 2017, the Company announced that the Group entered into a sale and purchase agreement for the acquisition of the entire equity interest in Volk Favor Food Group limited (“Volk Favor”) at a consideration of HK$20 million, which shall be satisfied as follow: (i) HK$1 million in cash upon signing of the memorandum dated 29 June 2017 as earnest money; and (ii) HK$19 million by the issue of a promissory note of the Company. Volk Favor and its subsidiaries are principally engaged in feed production, pig breeding, pig slaughtering and pig farming, as well as production and sale of pork products and processed meat products. Completion of the acquisition took place upon signing of the sales and purchase agreement. Health Care Services The operation of healthcare services, which mainly include hot stone spa and health related services, has been commenced in February 2015. For FY2019, revenue generated from this business segment amounted to approximately HK$0.3 million, representing a decrease of approximately 70.0% from that of approximately HK$1.0 million recorded in FY 2018. Prospects: The Board is of the view that investment in Co-Lead would enable the Group to invest in different sectors and diversify the market coverage and risk exposure of the Group. The Board is optimistic to the future returns for the investment in Co-Lead. The Board is of the view that investment in HSBC would enable the Group to diversify its investment portfolio and receive dividend quarterly as the return. Oshidori will continue to maintain a balanced approach of asset allocation with appropriate risk and potential reward. In the meantime, the management will maintain strict oversight of operation costs in view of the volatile business environment. Their financial services arm will continue to adopt prudent capital management and liquidity risk management to meet the challenges ahead, as well as the increasing regulatory and supervisory requirements. Looking into the future, Tai United will maintain a positive view on future global economic development as conflicts may eventually resolved by diplomatic means. During this period of decelerating economic growth, Tai United will continue to consolidate resources and streamline the Group’s operations, and by maintaining a healthy gearing ratio and solid financial position to facilitate ourselves for potential market rebound. Since the sales showed a decrease in the first half of 2019, eForce is cautious about the outlook of the global consumer market in the second half of 2019 as escalating trade war between the USA and the PRC shows no signs of easing. On the other hand, eForce will continue to improve productivity and operational efficiency to lower production costs. The Board is optimistic about the future returns for the investment in Grand Baoxin due to its strong edge in the industry.

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