Ding Yi Feng Holdings Forecasts Major Losses

China Investment Fund Company Limited (HK:0612) has released an update.

Ding Yi Feng Holdings Group International Limited has announced an expected loss of at least HK$350 million for the first half of 2024, a significant downturn from the profit of HK$96.96 million in the same period of the previous year. The anticipated losses are primarily due to an unrealized loss on financial assets and impairment of property, plant, and equipment. Shareholders and potential investors are cautioned to exercise care when dealing in the company’s shares.

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