8VI Holdings Limited (ASX:8VI) Announces Financial Update and Voluntary Delisting

Voluntary Delisting from ASX

8VI Holdings Limited has taken steps to voluntarily delist from the Australian Securities Exchange (ASX). The ASX confirmed the removal of 8VI from the official list, subject to specific conditions, including the approval from shareholders. The necessary shareholder approval was secured during a general meeting on 13 January 2025.

Financial Performance Overview

The Group’s cash flow report for the quarter ended 31 December 2024 reveals both challenges and improvements. Cash receipts from customers totalled S$0.5 million, showing an uptick from the prior quarter. Sales primarily stem from the preventive care division, indicating potential growth despite its limited financial contribution at this stage.

Operating cash outflows amounted to S$0.2 million, underscoring ongoing investments in preventive care and other operational expenses. As of 31 December 2024, the Group’s liquid assets, including cash and investments, declined by 46.8% to S$1.7 million, primarily due to the repayment of non-trade debts totaling S$1.1 million.

Related Party Payments and Forward Outlook

Payments to related parties during the quarter adhered to existing remuneration and service agreements. The Group advises shareholders to consider the risks associated with its current trajectory carefully, especially given the pressures on financial reserves and the uncertainty surrounding the sustainability of its new preventive care business model.

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Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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