Pintec Technology Holdings Limited - American Depositary Shares (PT)
1.0150
-0.0050 (-0.49%)
Pintec Technology Holdings Ltd is a financial technology company that specializes in providing innovative technology solutions for the financial services industry
The company focuses on creating and optimizing digital finance platforms that connect consumers with lenders, enabling seamless access to credit and other financial products. Through its proprietary algorithms and data analytics capabilities, Pintec enhances the efficiency of lending processes and risk assessment, while also offering comprehensive support to both financial institutions and individuals. By leveraging its technological expertise, Pintec aims to drive digital transformation in the finance sector and improve accessibility to financial services.
BEIJING, April 30, 2024 (GLOBE NEWSWIRE) -- Pintec Technology Holdings Limited (Nasdaq: PT) (“Pintec” or the “Company”), a Nasdaq-listed company providing technology enabled financial and digital services to micro, small and medium enterprises ecosystem, announced on December 28, 2023 its unaudited financial results for the six months ended June 30, 2023 (the “Interim Report”). In the Interim Report, the Company disclosed the gain from disposal of its wholly owned subsidiary Sky City Holding Limited and its subsidiaries (collectively “SCHL Group”) for RMB6.71 million. However, when preparing the financial statements for the year ended December 31, 2023, the Company noted the following errors were made inadvertently: 1) the cumulative foreign currency translation loss (recorded as accumulated other comprehensive loss) related to SCHL Group of RMB45.59 million should be treated as loss from disposal of SCHL Group which increased our net loss from RMB0.71 million to a net loss of RMB46.30 million; and 2) the non-controlling interest in a subsidiary included in SCHL Group of RMB139.34 million should be treated as other payable to non-controlling interest holders which increased accrued expenses and other liabilities from RMB 30.20 million to RMB 169.54 million and decreased the non-controlling interest from RMB 153.47 million to RMB 14.12 million.
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