Hi Sun Technology (China) Limited (HK:0818) has released an update.
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Hi Sun Technology (China) Limited has informed its shareholders and potential investors that it expects to report a non-cash impairment loss of approximately HK$141 million due to the withdrawal of its spin-off application for Megahunt Technologies Inc. This loss, which is a preliminary estimate and subject to change, will be reflected in the company’s non-operating losses for the first half of the year ending June 30, 2024. Investors are advised to exercise caution when dealing in the company’s shares.
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