Momentum Financial faces loss, trading suspended amid restructuring

Momentum Financial Holdings Limited [HKEX:1152] faces continued trading suspension as it proposes a debt restructuring, following a year of financial challenges. The company reported a net loss of HK$23.3 million for the year ended December 31, 2024, a stark contrast to the HK$19.5 million profit in the previous year. This downturn is primarily attributed to decreased cross-border trading of nutrition food and health care products, as well as increased impairment losses on trade receivables.