Raytech Holding Limited Declares 16-for-1 Share Consolidation
Share Consolidation Announcement: Raytech Holding Limited's board approved a 16-for-1 share consolidation effective November 7, 2025, to comply with Nasdaq's minimum bid price requirement.
Impact on Shares: Following the consolidation, the total number of ordinary shares will decrease from approximately 43.6 million to about 2.7 million, with no fractional shares issued to shareholders.
Company Overview: Raytech Holding Limited specializes in the design and wholesale of personal care electrical appliances, serving international brand owners for over a decade.
Forward-Looking Statements: The press release includes forward-looking statements regarding the company's future expectations, which are subject to risks and uncertainties that may affect actual results.
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Raytech Holding Limited Reports $3.3M Revenue and HK$4.7M Net Income in 1H
- Revenue Growth: Raytech Holding Limited reported a revenue of $3.3 million for the first half of 2023, indicating stable performance in the market and potential for future business expansion.
- Net Income Improvement: The company achieved a net income of HK$4.7 million (approximately $610,454), with a net margin of 12.6%, reflecting improved management efficiency and effective cost control.
- Gross Margin Enhancement: The gross profit margin increased to 26.3% from 21.2% in the prior year period, demonstrating significant progress in product pricing and cost management, which helps strengthen profitability.
- Cash Flow Strengthening: Cash and cash equivalents rose by 43.2% to HK$121.5 million (approximately $15.6 million), providing a stronger financial foundation for future investments and expansions.
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