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China New Economy Fund Ltd. ( (HK:0080) ) has provided an update.
China New Economy Fund Limited has announced its financial results for the year ending December 31, 2024. The company reported a significant reduction in its net loss, with a loss of HK$28.98 million compared to HK$52.44 million in 2023. Despite the improvement, the company continues to face challenges, as indicated by the decrease in its net asset value per share from HK$0.07 to HK$0.05. The results reflect ongoing efforts to stabilize operations and improve financial performance, which could impact investor confidence and market positioning.
More about China New Economy Fund Ltd.
China New Economy Fund Limited is an investment company focused on financial assets, operating with limited liability and incorporated in the Cayman Islands. It is listed on the Hong Kong Stock Exchange and engages in managing a portfolio of investments, primarily targeting the new economy sectors.
YTD Price Performance: -13.33%
Average Trading Volume: 2,925,969
Technical Sentiment Signal: Buy
Current Market Cap: HK$102.9M
Learn more about 0080 stock on TipRanks’ Stock Analysis page.