Ta Yang Group Sees Reduced Annual Loss

Ta Yang Group Holdings Limited (HK:1991) has released an update.

Ta Yang Group Holdings Limited has announced a reduction in net loss to an estimated HK$85 million to HK$95 million for 2023, down from HK$99 million the previous year, primarily due to increased revenue from the acquisition of Beijing Jusheng and expansion of their retail network in the UK. Despite this positive development, the company’s shares will remain suspended from trading until the publication of the 2023 Annual Results and compliance with additional resumption guidance from the Stock Exchange.

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