Vision Values Holdings Signals Major Losses Ahead

Vision Values Holdings Limited (HK:0862) has released an update.

Vision Values Holdings Limited has issued a profit warning, anticipating a loss of HK$50 to HK$60 million for the financial year ending 30 June 2024, a significant decline from the previous year’s HK$10 million. This expected loss is primarily due to fair value losses on investment properties, as indicated by an independent valuer’s preliminary assessment. The company advises shareholders and potential investors to exercise caution when dealing with its shares.

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