Glory Sun Land Group Limited (HK:0299) has released an update.
Glory Sun Land Group Limited warns of a substantial net loss of up to HK$1.6 billion for the first half of 2024, significantly higher than the previous year’s loss, due to a downturn in the PRC real estate market, decreased investment property values, and impairment losses. Investors are urged to exercise caution when dealing with the company’s securities and to look for the detailed interim results announcement on 29 August 2024.
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