Far East Holdings Expects Major Half-Year Loss

Far East Holdings International Ltd. (HK:0036) has released an update.

Far East Holdings International Limited anticipates a significant loss of at least HK$507 million for the six-month period ending June 30, 2024, a substantial increase from the HK$18 million loss in the previous year. The company attributes this expected loss to fair value loss on investment properties and rising finance costs. Shareholders and potential investors are cautioned to be prudent when dealing with company shares.

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