AsiaFIN Holdings Corp. is a company that operates through its wholly owned subsidiary, AsiaFIN Holdings Corp., a Company organized in Labuan, Malaysia. It should be noted that our wholly owned subsidiary, AsiaFIN Holdings Corp. owns 100% AsiaFIN Holdings Limited, the operating Hong Kong Company. The purpose of the Company’s Labuan, Malaysia subsidiary structure is for the Labuan, Malaysia subsidiary to act as a holding company. At the present time, we do not have definitive plans for which markets we will be expanding to, but we will utilize this subsidiary to prepare for future expansion efforts. The purpose of the Hong Kong Company is to function as the current regional hub, carrying out the majority of physical operations, of the Company. All of the previous entities share the same exact business plan.
Company profile
Ticker
ASFH
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
371950147
Latest filings (excl ownership)
10-K
2023 FY
Annual report
22 Mar 24
8-K
Entry into a Material Definitive Agreement
8 Jan 24
10-Q
2023 Q3
Quarterly report
13 Nov 23
10-Q
2023 Q2
Quarterly report
15 Aug 23
NT 10-Q
Notice of late quarterly filing
15 Aug 23
10-Q
2023 Q1
Quarterly report
19 May 23
NT 10-Q
Notice of late quarterly filing
15 May 23
8-K/A
Entry into a Material Definitive Agreement
3 Mar 23
10-K
2022 FY
Annual report
16 Feb 23
Latest ownership filings
144
Notice of proposed sale of securities
12 Apr 24
3
HUI YIN CHAM
28 Feb 23
4
KAI CHEONG WONG
24 Feb 23
4
SWEE PING HOO
24 Feb 23
3
SWEE PING HOO
21 Jun 22
3
UNICORN VENTURES SDN BHD SEE
21 Jun 22
3
Initial statement of insider ownership
21 Jun 22
3
KOK WAH SEAH
21 Jun 22
3
KAI CHEONG WONG
21 Jun 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
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Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Aug 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.17 mm | 1.17 mm | 1.17 mm | 1.17 mm | 1.17 mm | 1.17 mm |
Cash burn (monthly) | 30.02 k | (no burn) | 25.22 k | 42.61 k | 143.82 k | 27.04 k |
Cash used (since last report) | 205.48 k | n/a | 172.65 k | 291.68 k | 984.54 k | 185.14 k |
Cash remaining | 968.31 k | n/a | 1.00 mm | 882.11 k | 189.25 k | 988.65 k |
Runway (months of cash) | 32.3 | n/a | 39.7 | 20.7 | 1.3 | 36.6 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 Feb 23 | Swee Ping Hoo | COMMON STOCK | Grant | Acquire A | No | No | 1.0999999999999999 | 3,310,869 | 3.64 mm | 11,310,869 |
23 Feb 23 | Kai Cheong Wong | COMMON STOCK | Grant | Acquire A | No | No | 1.1 | 4,700,929 | 5.17 mm | 26,650,929 |