Walker Group Holdings Limited (SEHK:1386) has ceased preliminary discussions to sell certain businesses. Such discussions with third parties held by Walker Group to sell certain businesses reached only a preliminary stage and no agreement was entered into save for confidentiality undertakings. Walker Group presently has no intention to commence discussions with other parties to sell certain businesses in the near future.

Walker Group Holdings Limited provided unaudited consolidated financial guidance for the eleven months ended February 28, 2013. The company expects record a significant increase in loss for the year ending 31 March 2013 as compared to the loss recorded for the corresponding period in 2012. The Board believes that the expected loss of the Group was mainly attributable to overall decline in sales in Hong Kong and the People's Republic of China and escalating operating costs in the regions.

Walker Group Holdings Limited announced unaudited consolidated earnings results for the six months ended September 30, 2012. For the quarter, the company’s revenue was HKD 646,467,000 compared to HKD 642,886,000 for the same period in 2011. The group's revenue was derived mainly from the PRC, Hong Kong and Taiwan, respectively accounting for approximately 79.6%, 18.4% and 2.0% compared to 76.8%, 21.2% and 2.0% for the same period in 2011, of the Group's total revenue. Operating loss was HKD 37,296,000 compared to HKD 1,928,000 for the same period in 2011. Loss before income tax was HKD 37,317,000 compared to HKD 1,849,000 for the same period in 2011. Loss attributable to equity holders of the company was HKD 37,918,000 or 6.08 cents per basic and diluted share compared to HKD 4,715,000 or 0.76 cents per basic and diluted share for the same period in 2011. Net cash used in operating activities was HKD 10,909,000 compared to HKD 38,907,000 for the same period in 2011. Capital expenditure was HKD 20 million compared to HKD 20 million for the same period in 2011, comprising mainly purchase of leasehold improvements, computer equipments and computer software.