Greenland Holdings confirms unusual fluctuations in stock trading, while asserting that the subsidiary's activities in Hong Kong related to digital assets account for less than 1% of total revenue in 2024 and do not affect overall business.
In fact, after an internal review, Greenland Holdings emphasizes that the subsidiary's activities related to digital assets do not have a significant positive or negative impact on the group's business and production performance.
MAIN CONTENT
Greenland Holdings recorded unusual fluctuations in stock trading.
The subsidiary in Hong Kong engages in activities related to digital assets.
Revenue from this activity accounts for less than 1% of total revenue in 2024, and does not affect core business operations.
How has Greenland Holdings assessed the recent stock fluctuations?
According to the announcement from Greenland Holdings, unusual fluctuations in the stock market have been detected, and the company has conducted an official review to verify the cause.
The group's leadership emphasizes transparency in reporting trading developments to ensure shareholder rights and maintain credibility in the financial market.
What activities does the Hong Kong subsidiary of Greenland Holdings engage in related to digital assets?
This subsidiary is recognized to have minor activities in the digital asset field, generating a portion of revenue; however, the contribution rate is very low, below 1% of the group's total revenue in 2024.
This is information published to dispel doubts from media sources, while ensuring clarity and accuracy in financial reporting.
"The activities related to digital assets of the subsidiary do not affect the overall business performance of the group. This is a small, supplementary area, and we are closely monitoring it to manage risks."
Mr. Li Bao – CEO of Greenland Holdings, July 2024
What is the financial impact of this activity on Greenland Holdings?
Revenue from the subsidiary related to digital assets accounts for a very small portion of the estimated total revenue in 2024, below 1%, so the impact on overall financial results and production activities is negligible.
Greenland Holdings maintains stable business performance while enhancing transparency in reports to ensure trust from investors and shareholders.
Why did Greenland Holdings publish information about the activities of its subsidiary related to digital assets?
The announcement aims to enhance transparency, meet the demands of investors and shareholders when there are unusual fluctuations in the stock market, while affirming that there is no serious impact from this supplementary activity.
This contributes to building confidence in the group's business strategy and risk management capabilities in the context of volatile financial markets.
Frequently Asked Questions
Is Greenland Holdings significantly affected by its Hong Kong subsidiary?
No, revenue from activities related to digital assets is only under 1%, which does not significantly affect the overall.How do stock fluctuations affect investors?
The company has transparently confirmed and controlled, helping investors have accurate information to make decisions.Are digital asset-related activities a focus for Greenland Holdings?
No, this is merely a supplementary area with a small scale and not a main strategy.What risk control measures does the group have?
Greenland Holdings conducts thorough reviews and transparent reporting as required to ensure financial safety.Does this information disclosure affect the reputation of the financial industry?
Transparent disclosure helps enhance trust and strengthen credibility with the market and investors.
Source: https://tintucbitcoin.com/greenland-holdings-hong-kong-tien-dien-tu/
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