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Dunxin Financial Holdings ( (DXFFY) ) has provided an announcement.
Eason Technology Limited reported a significant shift in its business operations in the first half of 2024, finalizing its exit from the microfinance sector following the sale of its VIE and subsidiaries to Jianneng Holdings Limited. This strategic move resulted in a recorded loss of RMB499.5 million (US$69.2 million) due to the write-off of investment costs, contributing to a net loss of RMB500.9 million (US$69.3 million) for the period. Despite the losses, the company generated RMB4.7 million (US$0.6 million) in revenue from its new ventures in real estate management and digital technology, marking its future strategic direction.
More about Dunxin Financial Holdings
Eason Technology Limited, formerly a licensed microfinance lender in Hubei Province, China, has transitioned to focus on real estate management and digital technology services. The company, which was previously engaged in providing loans to individuals and SMEs, fully terminated its microfinance business in the first half of 2024.
YTD Price Performance: 56.25%
Average Trading Volume: 502
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $447.7K
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