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Monday, November 29, 2021
12:24:00 PM EAT
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Group Holdings commented ( about Group Holdings ) : "In the third quarter of 2021, we have significantly reduced the number of our offline learning centers to effectively reduce the impact of the resurgence of the Covid-19 pandemic on our offline business operations, improve resource utilization, and prepare for the Company's business transformation. As a result, the number of learning centers is reduced to one to two in each city. With the initiation of its business adjustment, the Company's performance has been impacted in the third quarter of 2021. From a long term perspective, these measures are expected to greatly reduce the Company's fixed cost, increase profit margins, and reduce operational risks. Following an effective resource reallocation, the Company expects that the operating conditions and profitability of its offline learning centers will be significantly improved once the Covid-19 pandemic situation is under control. In addition to adjusting the existing businesses, we are planning to launch new business strategies to explore opportunities related to Metaverse. We plan to use our offline centers to launch a new line of business for career planning and professional skills training related to Metaverse. We also plan to build Metaverse communities and experience centers within our offline centers in the future. We aim to provide an enhanced interactive experience to our customers by combining the experience of virtual and real world, which will increase the attractiveness of our offline centers and raise awareness of our brand. The Company will actively explore oversea opportunities in the emerging industry of blockchain and cryptocurrency. During the past month, we have established a strategic partnership with AGM Group Holdings. We are actively seeking opportunities in mine construction, mining, and the manufacturing and sales of mining machines. We are planning to join a cryptocurrency fund as a limited partner to further expand our vision and seek opportunities to invest in companies with tremendous potentials. The new business opportunities are an inflection of the Company moving to a new strategic direction for the future business development. The Company will generate additional revenue once new businesses is put into operation. Looking forward, we expect that with the commitment from the management and strategic transformation taking in place, we will gradually grow and become a Metaverse technology company in the next one to two years"
prnewswire Monday, November 22, 2021 2:07:00 PM EAT
Group Holdings said ( about Group Holdings ) : "The Pandemic caused a serious blow to the travel industry of Macau and the overall income of Macau's travel industry has substantially scaled down. Therefore, the Group's revenue performance is also inevitably affected. By entering into the Agreement with one of our suppliers, Waldo Hotel Limited, we expect that the Group can generate a stable income from the business, in order to improve its competitiveness of the industry chain which the Group has deployed over the past years. Meanwhile, the Group will continue to actively explore other development opportunities to strengthen its current market leading position"
news-yahoo Friday, June 18, 2021 6:15:00 AM EAT
Group Holdings said ( about Group Holdings ) : "The Group strategically targets to strengthen our established market position in Macau's tourism industry, to bring desirable profit and investment returns to the shareholders and promote sustainable development in the future. Thus, we have been strategically seeking cooperation opportunities with other travel agencies to expand the existing business. The acquisition will not only expand the Macau tourism industry into China , but also enable the Group to exploit other opportunities to generate synergies in the sales of hotel rooms and car rentals. Looking forward, the Group will continue to strengthen the scale of business development, gain more market share and increases our competitiveness"
news-yahoo Tuesday, June 8, 2021 7:05:00 AM EAT