First Asia Holdings Limited Stock Price - FAHLF

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Company Name Stock Ticker Symbol Market Type ISIN Company Description
First Asia Holdings Limited FAHLF Other OTC Common Stock Common Stock
  Price Change Change Percent Stock Price High Price Low Price Open Price Close Price Last Traded
  0.00 0.00% 0.10 0.00 0.00 0.00 0.10 20:00:00
Bid Price Ask Price Spread Spread % News
0.0001 8,000.00 8,000.00 100.00% - -
Last Trade Time Type Quantity Stock Price Currency
- 0 $ 0.00 USD

First Asia Holdings Limited Financials

Market Cap Shares in Issue Profit/Loss Earnings Per Share (EPS) PE Ratio Float
$ 3.99M 39.94M $ 406.82k - 9.82 -
Short Interest Dividends Per Share Dividend Yield Ex-Div Date Insider B/S Insider % Owned
- $ - 0.00% - -

more financials information »

First Asia Holdings Limited News

Latest FAHLF Messages

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Historical FAHLF Price Data

Period † Open High Low VWAP Min Vol Max Vol Avg. Daily Vol [m] Change %
1 Week0000.0000000--
1 Month0000.0000000--
3 Months0000.0000000--
6 Months0.50.50.10.10001k1k1k-0.4-80.00%
1 Year5.145.490.11.35999933k4k-5.04-98.05%
3 Years0.9480.13.0755133k2k-0.84-89.36%
5 Years1.380.032.1615183k3k-1.2-92.31%

First Asia Holdings Limited Description

During the year ended September 30, 2014, the principal activities of the major subsidiaries are as follows: 1) Regulated money lending business in Hong Kong. Our regulated money lending business in Hong Kong is carried on by our wholly-owned subsidiary, First Asia Finance Limited ("FAF"). FAF has obtained the Money Lenders License for carrying on money lending business in Hong Kong. We have to renew our license with Hong Kong Government every year. We are in a competitive market with growing demand for short term funding. Our business has benefited from the fact that commercial banks have implemented relatively stringent credit policies to small and medium sized enterprises and private individuals. Companies and individuals who fail to obtain funding from banks have turned to us for short term funding to meet their immediate needs. FAF's main target customers are those who are unable to obtain bank loans for a number of reasons e.g. lack of verifiable income proof. Our lending policy is relatively less stringent than banks but is nonetheless effective in minimizing our credit risk. For example, we will carefully consider the granting of loans to such individuals by taking into account their existing assets as collateral to the loan and our ability to impose charges on those assets. Potential borrowers are interviewed and we will investigate into their credit history, income source, and overall ability to repay loan. FAF grants collateral-backed loans in respect of assets that can be easily identified, accurately valued and legally charged. In most cases, we accept real estate (including buildings and land use rights) as collateral from small and medium sized enterprises and private individuals. We target at low to medium risk borrowers and interest rates will be charged up to the statutory cap of 60% per annum depending on the risk profile of a particular borrower. 2) Construction business. Our wholly-owned subsidiary Hung Lee Development Limited ("HLD") is primarily responsible for providing building design, construction and renovation services as well as construction related consultancy services to our customers. Prior to becoming a subsidiary of the Group, HLD has been the contractor of several luxury bungalow development projects in the rural area of Hong Kong. 3) Licensing Out of First Asia Tower. One of the major assets of our Group is the First Asia Tower ("FAT"), located at No. 8, Fui Yiu Kok Street, Tsuen Wan, New Territories, Hong Kong. The subject property is a 19-story building and is situated at the southeastern side of Fui Yiu Kok Street in the south-eastern part of Tsuen Wan District, Hong Kong. Developments in the vicinity comprise newly built high-rise residential towers. Tsuen Wan District is undergoing gradual transition with aged industrial buildings being redeveloped into high-rise residential apartments or modern industrial and commercial office buildings. This greatly increases the potential of appreciation of value of FAT. The management has granted a license to a third party to use the space of the Building since August 2011 with a monthly fee of US$57,500. 4) Regulated real estate agency business. Our regulated real estate agency business in Hong Kong is carried on by our 60%-owned subsidiary, First Asia Estate Limited ("FAE"). FAE has obtained the Real Estate Agency License for carrying on real estate agency business in Hong Kong. We have to renew our license with Hong Kong Government every year. Currently, the focus of our Group is not in this field. During the current year, this segment has been dormant.


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