According to an announcement from the Hong Kong Stock Exchange, Bigao Group, a listed company controlled by Chow Sing-chi, sold one of its companies at a price of HK$1 on October 6. The company mainly operates cinemas in mainland China. This transaction is typical for Hong Kong stocks to dispose of debt assets at the nominal cost of HK$1. The target company is “Bigo Cinema Investment Co., Ltd.”, which was incorporated in Hong Kong. Bingo Cinema Investment Limited is in net debt. The net unaudited debt as of August 31, 2026 is approximately HK$8.6 million. After the transaction is completed, Bigao Group expects that the sale of the company will bring in book income of about HK$5.4 million and complete the divestment of the debt business.

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