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Fenbo Holdings Receives Nasdaq Warning Letter
Fenbo Holdings announced that it received a letter dated July 27 from the Listing Qualifications Department of The Nasdaq Stock Market notifying the company that, based on the closing bid price of the company's Class A ordinary shares for the last 30 consecutive business days, the company no longer meets the requirement to maintain a minimum bid price of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). The notification has no immediate effect on the listing or trading of the company's Class A ordinary shares, which will continue to trade on Nasdaq under the symbol "FEBO." If the company does not regain compliance by January 25, 2027, the company may be eligible for an additional 180-day compliance period, subject to satisfying the applicable Nasdaq requirements.
Fenbo Receives Nasdaq Notification Regarding Minimum Bid Price Shortfall
Fenbo announced, on September 12, 2025, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the Company that based on the closing bid price of the ordinary shares of the Company for the last 30 consecutive business days, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share.
Fenbo Holdings reports 1H EPS (HK$0.17) vs. HK$0.02 last year
Reports 1H revenue HK$66.9M vs. HK$58.6M last year. "I'm pleased to report our operating and financial performance of the Company for the six months ended June 30, 2024," said Mr. Siu Lun Allan Li, Chairman of FEBO, "The performance during the period was satisfactory as we were able to increase the revenue and gross profit by substantial amounts which was not sufficient to cover the significant increase in the administrative expenses. However, we have taken a number of actions to reduce costs, enhance efficiency and increase the diversity of customer base as we navigate market uncertainty. Our innovative products and diversified value-added services, strong cash flow and balance sheet as well as dedicated management are enabling us to navigate the market challenges. Our proven track record of operating history positions us to improve profitability and remain flexible in responding to the market. Our recently completed initial public Offering and listing on Nasdaq is a milestone for us that accelerates our efforts to expand our operation geographically and drive future growth. Looking ahead, as we anticipate challenges in the broader environment to persist during the second half fiscal 2024, we remain committed to providing cost effective packaging solutions to our customers. We are confident in our long-term strategy believe that we have the right team in place to generate sustainable long-term returns for our stakeholders," Mr. Li concluded.
Fenbo Holdings makes investment in U.S. AI focused fund
Fenbo Holdings has entered into a subscription agreement to make an initial $150,000 strategic investment in a U.S. Artificial Intelligence focused investment fund. This move positions Fenbo to leverage the Fund's expertise in AI technologies and permits it to evaluate the potential impact of AI on the development of the Company's products. The Fund is targeting capital commitments of up to $20M, although the general partner, in its sole discretion, may accept Capital Commitments of a lesser or greater amount. Its investment objective is to generate attractive returns for its limited partners, according to the terms of the Fund. The Fund is a Delaware limited partnership that will specialize in making direct venture capital investments in early-stage and growth-stage private technology companies, with a particular emphasis on financial technology, blockchain/web3, and enterprise technology. It is managed by a Delaware-based investment management firm. The investment Firm believes that AI represents a greater investment opportunity than the internet did at its inception - and that AI is a must-do investment opportunity. This year the Firm has been putting together a new Fund to invest into the leading private companies in this industry.
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