Aceso Life Science Group Limited (HK:0474) has released an update.
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Aceso Life Science Group Limited has issued a profit warning, anticipating a significant loss of approximately HK$869 million for the year ended 31 March 2024, a considerable increase from the HK$208 million loss in the previous year. The larger loss is mainly due to increases in fair value losses on financial assets and liabilities, share of loss of an associate company, and investment properties. Shareholders and potential investors are advised to exercise caution when dealing with the company’s securities.
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