IMO, Company may be  considering the following Corporate Actios to raise fund for the Proposed Business Expansion!

1) Focus On Property Development And Sell Non-Core Assets Like ESA Electronics Pte Limited.

2) Partial Sales Of The Balanced 80 Acres Land Aquired In 2003.

3) Separate Listing For  Excellent Empire Limited - China Gas Business Once Hubei Provincial/Local Government Approved The Price Linking Mechanism And Company Starts Making Profit. (On  13th October 2015 - Ipco International Limited (& ldquo Ipco& rdquo ) announced that its subsidiary, Hubei Zhong Lian Huan Energy Investment Management Limited (& ldquo Hubei Zhong Lian Huan& rdquo ), has been granted Approval in Principle from the National Equities Exchange and Quotations Limited Liability Companyin respect of the proposed listing of Hubei Zhong Lian Huan on the New Third Board). 

 

Pick The One With Story To Tell. EXPANSION INTO NEW MARKETS AND DIVERSIFICATION OF PROPERTY BUSINESS As previously disclosed, the Group is preparing to convene an extraordinary general meeting to seek the approval of shareholders for: (a) a    proposed geographical expansion of its current property development and sale business carried on in the USA to include Singapore, Australia, Sri Lanka, Vietnam, Cambodia, and the Peoples& rsquo Republic of China.      (the Proposed Geographical Expansion ) and (b) a proposed diversification of the Group& rsquo s property development and sale business to include the    acquisition and development of commercial properties for rental, management and the distribution of certain home interior products, such as kitchen cabinetry and other home interior products and services  (the Proposed Property Business Diversification ). OUTLOOK As disclosed in the Company' s last quarterly update, the Group believes that the Proposed Geographical Expansion and the Proposed Property Business Diversification will enhance its property development and sales business. These initiatives will broaden the Group' s horizons, and by diversifying its current scope to include the development of commercial properties and distribution of home interior products and services.

The Group&rsquo s Property Development completed the sale of Tract B of its Falling Water Project for a total consideration of US$9.47 million on 14 Feb 2024.

Mr. Blythman said that in the US the Group still owned some 80 acres  (323,749 square meter)  of land  acquired by the Group back in 2003  and management is in the process of assessing the best use of the land and what expected yields would be regarding different uses or development.

As foreshadowed in previous announcements, China&rsquo s policymakers have been considering reforming gas downstream pricing governance with a view to shifting towards a price linking mechanism. Hubei Provincial Development and Reform Commission and Xiaogan Municipal Development and Reform Commission have sought comments and held hearings with relevant stakeholders. To date, some local governments in Hubei Province such as HongHu County have implemented a new pricing policy. Local management is hopeful that HZLH should receive notification by the end of the calendar year or latest by Chinese New Year.

The Hubei provincial government has requested all gas companies to update their concession agreements with their respective governments. Local management and their lawyers have been in discussion with officials on the proposed amendments. To date, Xiaochang is the only concession to have executed an amendment to the original concession agreement. Once, the remaining concession companies have executed the amendment agreements with their respective local governments, the Company shall make an announcement outlying the salient changes.

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Renaissance United is expecting to report a net loss for 2QFY2025 and 1HFY2025 ended Oct 31, it says in a profit guidance filing. 

 

The group says this comes on the back of the group&rsquo s China gas distribution business, which continues to incur higher raw-material prices and less installation revenue brought about by the downturn in new construction projects.

 

According to the filing, the company says further details will be disclosed in its financial results, which is set to be made on Dec 13.