Stephen Chow's listed company divests mainland cinema assets for HK$1

According to a Hong Kong Stock Exchange announcement, Bingo Group, a listed company controlled by Stephen Chow, sold one of its subsidiaries on October 6 for a consideration of HK$1. The subsidiary primarily operates cinemas in mainland China. The transaction is a typical Hong Kong stock market disposal of a loss-making asset for a nominal consideration of HK$1. The target company is Bingo Cinema Investment Limited, incorporated in Hong Kong. Bingo Cinema Investment Limited is in a net liability position, with unaudited net liabilities of approximately HK$8.6 million as of August 31, 2026. Upon completion of the transaction, Bingo Group expects to record a book gain of approximately HK$5.4 million from the sale of this company, completing the divestiture of the loss-making business.