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CL Workshop Group Limited Announces Unaudited Interim Results for the Six Months Ended June 30, 2025
CL Workshop Group reported a 24.8% revenue drop to $8.9 million amid global economic challenges and management overhaul including share transfer and executive appointments.
- MACAU, Dec. 29, 2025 — CL Workshop Group Limited announced unaudited interim financial results for the six months ended June 30, 2025 from Macau.
- Market pressures including falling demand and prices after a global economic downturn hit home building and home renovation sectors, while ongoing geopolitical factors such as the Russia-Ukraine war, Israel-Palestine conflict, Chinese property sector crisis and US-China tariffs added headwinds.
- On the cost side, administrative expenses rose approximately 53.8% to about $1.5 million, while selling and distribution expenses decreased roughly 26.2% to about $1 million, with revenue falling 24.8% to $8.9 million.
- Share transfers show governance shifted as 114,974,179 ordinary shares were transferred to Purchasers under a share purchase agreement, followed by resignations on Nov. 3, 2025, and new appointments including Liying WANG as CEO.
- Management said it is pursuing carbon asset development, carbon trading, and cost-optimization strategies while cautioning that forward-looking statements are subject to safe-harbor provisions.
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CL Workshop Group Limited Announces Unaudited Interim Results for the Six Months Ended June 30, 2025
MACAU, Dec. 29, 2025 /PRNewswire/ -- CL Workshop Group Limited (the "Company") (Nasdaq: NWGL), a global leading vertically-integrated forestry company headquartered in Macau that focuses on forest management, and manufacturing and trading of wood products and is developing carbon sink…
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Total News Sources21
Leaning Left0Leaning Right4Center10Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
C 71%
R 29%
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