Fragrant Prosperity Holdings Ltd
LLSE:FPP0.48
GBX
-0.02
(-4.84%)
Fragrant Prosperity Holdings Ltd
LSE:FPP
(London Stock Exchange)
Recent
price
0.48
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
GBP
•
in mil. unless spec.Working Capital
GBP
•
in mil. unless spec.Growth Rates
GBP
•
in mil. unless spec.Semi-annual Revenue
GBP
•
in mil. unless spec.Semi-annual Earnings Per Share
GBP
•
in mil. unless spec.Semi-annual Dividends Per Share
GBP
•
in mil. unless spec.- Similar Companies
- Business
- Fragrant Prosperity Holdings Limited is a British Virgin Islands-based special purpose acquisition company focused on identifying and acquiring businesses in targeted sectors. The company pursues acquisitions primarily in the technology sector, particularly financial services technology and intellectual property, as well as medicinal cannabis and cannabidiol (CBD) wellness; it targets entities with operations in Europe or Asia, including Hong Kong, Malaysia, and the United Kingdom, with deal values up to GBP 100 million, mainly through share issuance supplemented by cash. Incorporated in 2016 and headquartered in Road Town, Tortola, British Virgin Islands, Fragrant Prosperity operates without significant revenue-generating activities and maintains a lean structure with four employees. In recent developments, the company completed a recapitalisation of its balance sheet in 2025, converting outstanding convertible loan notes (CLNs) representing 78% of prior obligations into equity, waiving accrued interest, and repaying non-converting portions through a new CLN that was subsequently converted, rendering it materially debt-free apart from trade creditors. It raised gross proceeds of GBP 1 million via a fundraise announced in May 2025, supported by a Financial Conduct Authority-approved prospectus published on June 25, 2025, and issued over 111 million new ordinary shares conditional on admission, alongside prior equity issuances such as 8.6 million shares in April and additional placings. These actions followed a half-year net loss of GBP 90,503 for the period ended September 30, 2024, and full-year loss of GBP 182,934 for the year ended March 31, 2025, amid ongoing acquisition searches in a challenging market; the company appointed a new member to its Investment Advisory Board in April 2025 and held its annual general meeting in June 2025.