China New Economy Fund Reports Preliminary Loss

China New Economy Fund Ltd. (HK:0080) has released an update.

China New Economy Fund Ltd has announced a preliminary unaudited net asset value per share of HK$0.06 as of 30 June 2024, and a net loss of not less than HK$12 million for the first half of the year, a stark contrast to the HK$8.92 million profit in the same period last year. This loss is primarily due to the volatile stock market affecting the fair value of financial assets. Shareholders and potential investors are cautioned to await the interim results scheduled for release by the end of August 2024 for more detailed information and are advised to exercise caution when dealing in the company’s shares.

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