Asia Standard Hotel Group Limited (HK:0292) has released an update.
Asia Standard Hotel Group Limited has issued a profit warning, anticipating a significant loss of approximately HK$2,100 million to HK$2,400 million for the fiscal year ending March 31, 2024. This loss, primarily due to expected credit losses on debt securities, represents a substantial increase from the HK$213 million loss reported for the previous year. Shareholders and investors are advised to be cautious when trading company shares.
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