Dividends & Buybacks ·
707 Cayman Holdings Limited reported a net loss of HK$76.39 million (US$9.74 million) for the six months ended March…
JEM707 Cayman Holdings Ltd.
707 Cayman Holdings Limited reported a net loss of HK$76.39 million (US$9.74 million) for the six months ended March 31, 2026, compared to a net income of HK$3.51 million in the prior year period. Revenue declined 22.54% to HK$34.76 million due to reduced sales order volumes and weaker consumer demand. The company completed an equity offering with Hudson Global Ventures LLC on March 4, 2026, raising net proceeds of US$4.42 million. Additionally, the board approved two reverse stock splits: a 20-for-1 split effective April 13, 2026, and a 12-for-1 split effective July 14, 2026. The company also increased its authorized share capital to US$12 million on August 5, 2026. This is a Hong Kong-based company engaged in product sales, sourcing services, and logistics.