Ocean Star Technology Group Limited released a quarterly update on its resumption progress, confirming that all outstanding statutory financial statements have now been published and that the auditor has issued an unqualified opinion on the FY2024/25 accounts.
Key developments:
1. Financial reporting status • FY2024/25 annual results were published on 27 February 2026, followed by the annual report on 6 March 2026. • 1H FY2025/26 interim results and the corresponding interim report were released on 3 March 2026 and 10 March 2026, respectively. • The auditor concluded the FY2024/25 consolidated financial statements give a true and fair view, with no material misstatements.
2. Resolution of audit matters The company finalised impairment assessments for (i) loan, trade and other receivables; (ii) property, plant and equipment and right-of-use assets of subsidiary My Heart Bodibra Limited; and (iii) potential long-service payment liabilities.
3. GEM compliance and business update Ocean Star operates a specialist retail and brand-owner model in shaping lingerie and related personal-care products under “Bodibra”, “June”, “ooobiki”, “Bodicare” and “invisi”, alongside a small money-lending activity. Management states operations remain normal, satisfying GEM Rule 17.26 on sufficient operations and asset requirements.
4. Ongoing suspension Trading in Ocean Star shares has been suspended since 9:00 a.m. on 2 July 2025 and will remain halted until further notice. The board will continue to provide quarterly updates and additional announcements to keep investors informed of resumption progress.
Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.
Comments