Note 12 of Hi Level’s financial statements for year ended 31 Dec 2014 showed there is a Hong Kong incorporated company called “Video Innovation Tech Ltd” with registered capital of HK$500,000.
We understand the above company has been dormant since 2013. As such, there is need to take this company out of our to be listed Group.
Company Team: Please arrange to dispose this company ASAP. Kindly send us latest financial statements of this company for our reference, so we are in a position to understand the fair amount for such disposal.
If you choose to wind up this company on a voluntary basis, please let us know first. Many thanks