China Sandi Holdings Ltd. (HK:0910) has released an update.
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China Sandi Holdings Ltd. has reported a significant downturn in its interim financial results for the first half of 2024, with a total comprehensive loss of RMB 317,390,000 compared to a profit in the same period last year. The loss is attributed to a decrease in total revenue, a substantial impairment of properties under development, and a change in the fair value of investment properties. These results indicate a challenging half-year for the company amidst a complex financial landscape.
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