Pan Asia Data Holdings Inc. (1561.HK) is an investment holding company principally engaged in big data services and third-party payment services in the People's Republic of China and internationally; it offers data analytics, information technology services, and fintech enabling services through its two main segments. Founded in 1986 and headquartered in Wan Chai, Hong Kong, the company manufactures and trades industrial coatings including liquid coatings (water-based and solvent-based), powder coatings, polyurethane, silicone acrylic products, and provides tailor-made coatings from production facilities in Shenzhen, Guangzhou, and Changzhou; it previously operated under the name Manfield Chemical Holdings Limited until changing to its current name in December 2019. The company conducts operations primarily in Hong Kong and mainland China, targeting industrial customers with coating solutions and data-related services, while employing approximately 24 to 172 staff across its segments. In March 2025, it announced a major transaction to dispose of its entire subsidiary Pan Asia Data (BVI) Inc. and related entities—including those providing third-party payment services via contractual arrangements with Days Services—for a nominal HK$1 consideration to Timenew Limited, aiming to eliminate ongoing losses from the underperforming unit amid regulatory challenges such as the non-renewal of a Payment License by the People's Bank of China and a RMB88.7 million penalty; the deal, pending shareholder approval, is expected to generate an estimated HK$7.55 million gain and improve the group's financial position by reducing cash outflows and gearing.