For the 2HFY2024 ended March, Zixin reported revenue growth of RMB96.4 million ($17.6 million), up 92.0% y-o-y to RMB201.3 million, due to China’s gradual economic recovery and a better harvest in the period.
Prior to this transaction, Khoo had also acquired 650,000 shares in TOTM Technologies on Sept 4 for $24,050, or 3.7 cents a piece.
This brought Khoo’s total ordinary shares up to 68,896,990, or 5.04% of the total number of ordinary shares held.
Shares in Zixin Group Holdings closed 0.3 cents lower, or down 9.68%, at 2.8 cents on Oct 8.
