Chuang’s China Investments Limited (HK:0298) has released an update.
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Chuang’s China Investments Limited anticipates a loss between HK$170 million to HK$210 million for the six months ending September 30, 2024, largely due to fair value loss of investment properties and impairment provision for a development site in the PRC. Despite the anticipated loss, the company’s financial position remains sound and this loss is primarily accounting-related with no immediate cash flow impact. Investors are advised to approach with caution as the company continues to prepare its interim financial results.
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