Suncity Group Forecasts Significant Mid-Year Loss

Suncity Group Holdings (HK:1383) has released an update.

Suncity Group Holdings Limited warns of an anticipated unaudited loss of approximately HK$74.9 million for the first half of 2024, as detailed in a supplemental announcement following an earlier profit warning. The company’s shares will remain suspended from trading until it meets the resumption guidance, remedies the suspension issues, and fully complies with the Listing Rules. Shareholders and potential investors are urged to exercise caution when dealing with the company’s securities.

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