- Business
- i-Control Holdings Limited is an investment holding company principally engaged in providing video conferencing and multimedia audiovisual (VCMA) solutions and maintenance services; the company offers project consultation and design, project management, installation and maintenance, corporate consultancy and support, as well as audiovisual system integration; it serves government and financial institutions, multi-national corporations, public companies, contractors, and education institutions primarily in Hong Kong, the People's Republic of China, Macau, and Singapore. Founded in 1987, the company is headquartered in Kwun Tong, Kowloon, Hong Kong, with its shares listed on the Main Board of The Stock Exchange of Hong Kong Limited under stock code 1402. In August 2024, i-Control Holdings completed the disposal of subsidiaries Perfect Mark Investments Limited and Top Luck Development Limited, along with associated receivables of approximately HK$36.2 million, to Amber Strong International Limited for HK$100,000, resulting in the discontinuation of its cloud-based IT+OT managed services segment, which included artificial intelligence of things operations and security services; this transaction led to a loss on disposal of HK$3.3 million and full impairment recognition on related investments and loans to Changzhou Guoyun Green Data Technology Co., Limited; during the year ended 31 March 2025, the company experienced a change in its immediate holding company to Luxurious Bay Capital Limited and ultimate controlling parties to Mr. Cheng Kai Ming Charles and Dr. Wong King Keung; all outstanding share options lapsed following mandatory unconditional cash offers closed in July 2024, and the company reported revenue from continuing operations of HK$122.2 million with a net loss of HK$12.2 million from continuing operations.